Caxton Associates LP Buys Shares of 5,200 Microsemi Co. (MSCC)
Caxton Associates LP bought a new position in Microsemi Co. (NASDAQ:MSCC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,200 shares of the semiconductor company’s stock, valued at approximately $268,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc bought a new position in shares of Microsemi in the third quarter worth $203,000. BTC Capital Management Inc. bought a new position in Microsemi during the third quarter valued at about $214,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Microsemi by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the semiconductor company’s stock valued at $224,000 after buying an additional 395 shares in the last quarter. Harvest Management LLC bought a new position in Microsemi during the third quarter valued at about $257,000. Finally, BB&T Securities LLC boosted its stake in Microsemi by 13.4% during the second quarter. BB&T Securities LLC now owns 5,158 shares of the semiconductor company’s stock valued at $241,000 after buying an additional 610 shares in the last quarter. 97.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Microsemi Co. (NASDAQ MSCC) opened at $51.39 on Friday. The stock has a market capitalization of $5,980.00, a PE ratio of 15.26, a P/E/G ratio of 1.14 and a beta of 1.14. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.29. Microsemi Co. has a one year low of $46.08 and a one year high of $57.97.
Microsemi (NASDAQ:MSCC) last announced its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.01. Microsemi had a return on equity of 20.82% and a net margin of 9.73%. The firm had revenue of $475.30 million during the quarter, compared to the consensus estimate of $474.97 million. During the same period in the prior year, the business earned $0.91 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. analysts predict that Microsemi Co. will post 3.57 earnings per share for the current year.
Several brokerages recently weighed in on MSCC. BidaskClub cut Microsemi from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research raised Microsemi from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Friday, August 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $61.00 target price on shares of Microsemi in a research note on Friday, November 10th. KeyCorp reaffirmed a “buy” rating and set a $62.00 target price on shares of Microsemi in a research note on Friday, October 20th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Microsemi in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $61.11.
In other news, Director Thomas Robert Anderson sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $51.12, for a total transaction of $51,120.00. Following the completion of the sale, the director now directly owns 14,113 shares of the company’s stock, valued at approximately $721,456.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Paul H. Pickle sold 69,482 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $53.71, for a total value of $3,731,878.22. Following the sale, the chief operating officer now directly owns 88,512 shares of the company’s stock, valued at $4,753,979.52. The disclosure for this sale can be found here. Insiders have sold a total of 238,521 shares of company stock valued at $12,718,259 over the last ninety days. Company insiders own 0.57% of the company’s stock.
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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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