Robecosam AG lifted its stake in shares of Microsemi Co. (NASDAQ:MSCC) by 64.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230,000 shares of the semiconductor company’s stock after buying an additional 90,000 shares during the quarter. Robecosam AG owned about 0.20% of Microsemi worth $12,004,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Oakbrook Investments LLC raised its position in Microsemi by 74.5% in the 4th quarter. Oakbrook Investments LLC now owns 10,820 shares of the semiconductor company’s stock valued at $559,000 after purchasing an additional 4,620 shares during the last quarter. JPMorgan Chase & Co. raised its position in Microsemi by 27.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 162,570 shares of the semiconductor company’s stock valued at $8,293,000 after purchasing an additional 34,994 shares during the last quarter. New Mexico Educational Retirement Board purchased a new stake in Microsemi in the 4th quarter valued at $1,477,000. Sei Investments Co. raised its position in Microsemi by 20.3% in the 4th quarter. Sei Investments Co. now owns 333,667 shares of the semiconductor company’s stock valued at $17,234,000 after purchasing an additional 56,237 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Microsemi by 2.9% in the 3rd quarter. American Century Companies Inc. now owns 119,934 shares of the semiconductor company’s stock valued at $6,174,000 after purchasing an additional 3,371 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.
Microsemi Co. (NASDAQ MSCC) opened at $66.93 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.36 and a quick ratio of 1.55. The stock has a market cap of $7,911.08, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. Microsemi Co. has a 12 month low of $46.08 and a 12 month high of $67.52.
In other Microsemi news, Director Paul F. Folino sold 4,500 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $67.27, for a total value of $302,715.00. Following the transaction, the director now directly owns 1,070 shares of the company’s stock, valued at approximately $71,978.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company’s stock.
MSCC has been the subject of several research reports. Zacks Investment Research downgraded shares of Microsemi from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Piper Jaffray Companies initiated coverage on shares of Microsemi in a research report on Monday, December 18th. They issued an “overweight” rating and a $60.00 price target for the company. SunTrust Banks downgraded shares of Microsemi from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price target (up previously from $61.00) on shares of Microsemi in a research report on Thursday, January 25th. Finally, BidaskClub upgraded shares of Microsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $64.32.
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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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