Chicago Capital Management LLC purchased a new position in shares of Microsemi (NASDAQ:MSCC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,657 shares of the semiconductor company’s stock, valued at approximately $301,000. Microsemi makes up 0.1% of Chicago Capital Management LLC’s portfolio, making the stock its 22nd largest position.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new position in Microsemi during the 4th quarter worth approximately $108,000. IFP Advisors Inc grew its holdings in 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 acquiring an additional 1,552 shares in the last quarter. Advisor Group Inc. grew its holdings in 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 acquiring an additional 1,071 shares in the last quarter. Cerebellum GP LLC acquired a new position in Microsemi during the 4th quarter worth approximately $124,000. Finally, Balter Liquid Alternatives LLC acquired a new position in Microsemi during the 4th quarter worth approximately $142,000. Institutional investors own 92.66% of the company’s stock.
In related news, VP Frederick C. Goerner sold 2,102 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now owns 55,692 shares in the company, valued at approximately $3,606,613.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP David Goren sold 2,090 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $66.43, for a total transaction of $138,838.70. Following the completion of the sale, the senior vice president now owns 10,539 shares of the company’s stock, valued at approximately $700,105.77. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,297 shares of company stock valued at $821,089. Company insiders own 0.57% of the company’s stock.
MSCC has been the subject of several analyst reports. BidaskClub upgraded shares of Microsemi from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. SunTrust Banks restated a “buy” rating and issued a $71.00 target price on shares of Microsemi in a report on Friday, January 26th. Royal Bank of Canada restated a “buy” rating and issued a $66.00 target price on shares of Microsemi in a report on Friday, January 26th. BMO Capital Markets restated a “buy” rating and issued a $68.00 target price on shares of Microsemi in a report on Friday, January 26th. Finally, Stifel Nicolaus upped their target price on shares of Microsemi from $67.00 to $68.00 and gave the company a “buy” rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. Microsemi currently has a consensus rating of “Hold” and an average target price of $64.32.
Shares of Microsemi stock opened at $68.58 on Friday. Microsemi has a 12-month low of $68.50 and a 12-month high of $68.56. The company has a quick ratio of 1.57, a current ratio of 2.27 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $8.09 billion, a PE ratio of 21.04, a P/E/G ratio of 1.56 and a beta of 1.21.
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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