Amalgamated Bank boosted its stake in Microsemi Co. (NASDAQ:MSCC) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,520 shares of the semiconductor company’s stock after purchasing an additional 1,739 shares during the quarter. Amalgamated Bank’s holdings in Microsemi were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in MSCC. Bank of New York Mellon Corp raised its stake in shares of Microsemi by 41.7% during the third quarter. Bank of New York Mellon Corp now owns 4,065,729 shares of the semiconductor company’s stock worth $209,305,000 after acquiring an additional 1,196,836 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of Microsemi during the third quarter worth approximately $38,306,000. BlackRock Inc. raised its stake in shares of Microsemi by 6.7% during the fourth quarter. BlackRock Inc. now owns 10,817,946 shares of the semiconductor company’s stock worth $558,748,000 after acquiring an additional 680,797 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Microsemi during the third quarter worth approximately $25,153,000. Finally, Carillon Tower Advisers Inc. purchased a new position in shares of Microsemi during the fourth quarter worth approximately $23,035,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on MSCC shares. Piper Jaffray Companies started coverage on shares of Microsemi in a research note on Monday, December 18th. They set an “overweight” rating and a $60.00 price target on the stock. Royal Bank of Canada reissued a “buy” rating and set a $66.00 price target on shares of Microsemi in a research note on Friday, January 26th. Susquehanna Bancshares lifted their price target on shares of Microsemi to $70.00 and gave the stock a “positive” rating in a research note on Wednesday, January 24th. BidaskClub raised shares of Microsemi from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets reissued a “buy” rating and set a $68.00 price target on shares of Microsemi in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $64.32.
Microsemi Co. (MSCC) opened at $66.93 on Tuesday. 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 one year low of $46.08 and a one year high of $67.52. The company has a market cap of $7,870.00, a price-to-earnings ratio of 43.75, a P/E/G ratio of 1.44 and a beta of 1.24.
Microsemi (NASDAQ:MSCC) last issued its earnings results on Thursday, January 25th. The semiconductor company reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. Microsemi had a net margin of 11.10% and a return on equity of 21.50%. The company had revenue of $468.70 million for the quarter, compared to the consensus estimate of $460.17 million. During the same period in the previous year, the firm earned $0.86 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. analysts anticipate that Microsemi Co. will post 3.51 EPS for the current year.
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Microsemi Company Profile
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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