CQS Cayman LP purchased a new position in shares of Microsemi (NASDAQ:MSCC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 26,500 shares of the semiconductor company’s stock, valued at approximately $1,715,000.
Several other large investors also recently bought and sold shares of MSCC. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Microsemi during the 4th quarter worth $108,000. IFP Advisors Inc grew its stake in shares of Microsemi by 235.2% during the 4th quarter. IFP Advisors Inc now owns 2,212 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,552 shares during the period. Advisor Group Inc. grew its stake in shares of Microsemi by 92.7% during the 4th quarter. Advisor Group Inc. now owns 2,226 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 1,071 shares during the period. Cerebellum GP LLC acquired a new position in shares of Microsemi during the 4th quarter worth $124,000. Finally, Balter Liquid Alternatives LLC acquired a new position in shares of Microsemi during the 4th quarter worth $142,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.
In other Microsemi news, SVP David Goren sold 2,090 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $66.43, for a total transaction of $138,838.70. Following the sale, the senior vice president now directly owns 10,539 shares of the company’s stock, valued at approximately $700,105.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul F. Folino sold 3,605 shares of the firm’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $67.52, for a total transaction of $243,409.60. The disclosure for this sale can be found here. Insiders have sold a total of 12,297 shares of company stock worth $821,089 over the last ninety days. 0.57% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on MSCC. TheStreet cut shares of Microsemi from a “b+” rating to a “c+” rating in a research note on Tuesday, May 15th. BidaskClub cut shares of Microsemi from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. KeyCorp reissued an “equal weight” rating on shares of Microsemi in a research note on Wednesday, March 7th. Piper Jaffray Companies cut shares of Microsemi from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 6th. Finally, BMO Capital Markets cut shares of Microsemi from an “outperform” rating to a “market perform” rating in a research note on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $64.32.
Shares of Microsemi opened at $68.73 on Friday, according to MarketBeat. The stock has a market capitalization of $8.09 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21. Microsemi has a 52 week low of $46.08 and a 52 week high of $68.75. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.57 and a current ratio of 2.27.
Microsemi Company Profile
Microsemi Corporation designs, manufactures, and markets analog and mixed-signal semiconductor solutions in the United States, Europe, and Asia. The company offers analog mixed-signal integrated circuits; field programmable gate arrays; system on chip solutions and application-specific integrated circuits; power management products; and timing and synchronization devices, and precise time solutions.
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