Credit Agricole S A reduced its position in shares of Microsemi Co. (NASDAQ:MSCC) by 12.9% during the fourth quarter, Holdings Channel reports. The fund owned 10,140 shares of the company’s stock after selling 1,500 shares during the period. Credit Agricole S A’s holdings in Microsemi were worth $547,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Peregrine Capital Management LLC purchased a new stake in shares of Microsemi during the third quarter worth approximately $32,331,000. Macquarie Group Ltd. increased its stake in shares of Microsemi by 38.2% in the second quarter. Macquarie Group Ltd. now owns 582,107 shares of the company’s stock worth $19,023,000 after buying an additional 160,805 shares during the last quarter. Oak Ridge Investments LLC increased its stake in shares of Microsemi by 21.6% in the third quarter. Oak Ridge Investments LLC now owns 110,060 shares of the company’s stock worth $4,620,000 after buying an additional 19,568 shares during the last quarter. Palisade Capital Management LLC NJ increased its stake in shares of Microsemi by 8.8% in the third quarter. Palisade Capital Management LLC NJ now owns 468,462 shares of the company’s stock worth $19,666,000 after buying an additional 38,040 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in shares of Microsemi by 4.1% in the third quarter. Virginia Retirement Systems ET AL now owns 48,300 shares of the company’s stock worth $2,028,000 after buying an additional 1,900 shares during the last quarter.

Institutional Ownership by Quarter for Microsemi (NASDAQ:MSCC)

Shares of Microsemi Co. (NASDAQ:MSCC) opened at 52.50 on Tuesday. Microsemi Co. has a 52-week low of $29.68 and a 52-week high of $57.97. The stock’s 50 day moving average is $53.28 and its 200-day moving average is $49.44. The firm’s market capitalization is $6.05 billion.

Microsemi (NASDAQ:MSCC) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Microsemi had a negative net margin of 1.61% and a positive return on equity of 17.36%. The business earned $435.50 million during the quarter, compared to the consensus estimate of $435.26 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, equities analysts forecast that Microsemi Co. will post $3.83 earnings per share for the current fiscal year.

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A number of equities research analysts recently commented on MSCC shares. Goldman Sachs Group Inc downgraded shares of Microsemi from a “buy” rating to a “neutral” rating and raised their price objective for the company from $50.00 to $56.00 in a research report on Wednesday, January 4th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Microsemi from a “hold” rating to a “sell” rating in a research report on Monday, January 16th. Needham & Company LLC restated a “buy” rating and issued a $63.00 price objective on shares of Microsemi in a research report on Thursday, February 9th. Mizuho restated a “buy” rating and issued a $60.00 price objective on shares of Microsemi in a research report on Wednesday, December 21st. Finally, TheStreet downgraded shares of Microsemi from a “buy” rating to a “hold” rating in a research report on Wednesday, December 7th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Microsemi presently has an average rating of “Buy” and an average target price of $53.75.

In related news, Director William L. Healey sold 1,169 shares of the business’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $55.32, for a total transaction of $64,669.08. Following the completion of the sale, the director now owns 9,872 shares of the company’s stock, valued at approximately $546,119.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman James J. Peterson sold 8,800 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $54.44, for a total transaction of $479,072.00. Following the sale, the chairman now directly owns 253,711 shares of the company’s stock, valued at approximately $13,812,026.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,923 shares of company stock valued at $2,034,512. Insiders own 0.57% of the company’s stock.

About Microsemi

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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