Microsemi Co. (NASDAQ:MSCC) Director Paul F. Folino sold 4,500 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $67.27, for a total value of $302,715.00. Following the completion of the transaction, the director now directly owns 1,070 shares in the company, valued at approximately $71,978.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Microsemi Co. (NASDAQ MSCC) traded down $0.31 on Monday, hitting $66.93. The stock had a trading volume of 6,997,820 shares, compared to its average volume of 3,609,676. The company has a quick ratio of 1.55, a current ratio of 2.36 and a debt-to-equity ratio of 0.89. Microsemi Co. has a twelve month low of $46.08 and a twelve month high of $67.52. The firm has a market capitalization of $7,911.08, a price-to-earnings ratio of 38.64, a PEG ratio of 1.44 and a beta of 1.24.
Microsemi (NASDAQ:MSCC) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. Microsemi had a return on equity of 21.50% and a net margin of 11.10%. The business had revenue of $468.70 million for the quarter, compared to analyst estimates of $460.17 million. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities analysts predict that Microsemi Co. will post 3.51 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. bought a new stake in Microsemi in the fourth quarter valued at about $332,000. Xact Kapitalforvaltning AB bought a new stake in Microsemi in the fourth quarter valued at about $502,000. MetLife Investment Advisors LLC bought a new stake in Microsemi in the fourth quarter valued at about $3,843,000. Jane Street Group LLC increased its holdings in Microsemi by 104.9% in the fourth quarter. Jane Street Group LLC now owns 12,193 shares of the semiconductor company’s stock valued at $630,000 after purchasing an additional 6,242 shares during the last quarter. Finally, Sciencast Management LP bought a new stake in Microsemi in the fourth quarter valued at about $344,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.
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Microsemi Corporation is a designer, manufacturer and marketer of analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance. The Company offers a portfolio of semiconductor and system solutions for aerospace and defense, communications, data center and industrial markets.
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