Microsemi (MSCC) Sees Large Volume Increase

Shares of Microsemi (NASDAQ:MSCC) saw an uptick in trading volume on Wednesday . 135,522 shares traded hands during trading, a decline of 96% from the previous session’s volume of 3,080,491 shares.The stock last traded at $68.57 and had previously closed at $68.54.

Several brokerages recently weighed in on MSCC. Piper Jaffray lowered shares of Microsemi from an “overweight” rating to a “neutral” rating in a research report on Tuesday, March 6th. BidaskClub lowered shares of Microsemi from a “buy” rating to a “hold” rating in a research report on Tuesday, April 17th. TheStreet lowered shares of Microsemi from a “b+” rating to a “c+” rating in a research report on Tuesday. SunTrust Banks reaffirmed a “buy” rating and set a $71.00 price objective on shares of Microsemi in a research report on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $66.00 price objective on shares of Microsemi in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $64.32.

The stock has a market cap of $8.09 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.56 and a beta of 1.21. The company has a current ratio of 2.27, a quick ratio of 1.57 and a debt-to-equity ratio of 0.86.

In other news, VP Frederick C. Goerner sold 2,102 shares of Microsemi stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $64.76, for a total value of $136,125.52. Following the transaction, the vice president now owns 55,692 shares of the company’s stock, valued at $3,606,613.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul F. Folino sold 3,605 shares of Microsemi stock in a transaction that occurred on Thursday, May 10th. The shares were 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. In the last three months, insiders sold 12,297 shares of company stock worth $821,089. Insiders own 0.57% of the company’s stock.

Several institutional investors have recently made changes to their positions in MSCC. Schwab Charles Investment Management Inc. grew its stake in shares of Microsemi by 8.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 466,548 shares of the semiconductor company’s stock worth $24,098,000 after acquiring an additional 34,897 shares during the last quarter. Fox Run Management L.L.C. grew its stake in shares of Microsemi by 69.8% in the fourth quarter. Fox Run Management L.L.C. now owns 17,656 shares of the semiconductor company’s stock worth $912,000 after acquiring an additional 7,256 shares during the last quarter. Oakbrook Investments LLC grew its stake in shares of Microsemi by 74.5% in the fourth quarter. Oakbrook Investments LLC now owns 10,820 shares of the semiconductor company’s stock worth $559,000 after acquiring an additional 4,620 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Microsemi in the fourth quarter worth $454,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Microsemi in the fourth quarter worth $124,000. Institutional investors and hedge funds own 92.66% of the company’s stock.

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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