Investors sold shares of Microsemi (NASDAQ:MSCC) on strength during trading hours on Friday. $27.64 million flowed into the stock on the tick-up and $293.87 million flowed out of the stock on the tick-down, for a money net flow of $266.23 million out of the stock. Of all companies tracked, Microsemi had the highest net out-flow for the day. Microsemi traded up $0.01 for the day and closed at $68.74

Several brokerages recently issued reports on MSCC. TheStreet lowered shares of Microsemi from a “b+” rating to a “c+” rating in a research note on Tuesday, May 15th. BidaskClub lowered shares of Microsemi from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. KeyCorp reiterated an “equal weight” rating on shares of Microsemi in a research note on Wednesday, March 7th. Piper Jaffray Companies lowered shares of Microsemi from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 6th. Finally, BMO Capital Markets lowered shares of Microsemi from an “outperform” rating to a “market perform” rating in a research note on Monday, March 5th. One equities 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 stock has an average rating of “Hold” and a consensus price target of $64.32.

The company has a market cap of $8.08 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.56 and a beta of 1.21. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.57 and a current ratio of 2.27.

In other news, VP Frederick C. Goerner sold 2,102 shares of the firm’s stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $64.76, for a total transaction of $136,125.52. Following the sale, the vice president now owns 55,692 shares of the company’s stock, valued at approximately $3,606,613.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul F. Folino sold 4,500 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $67.27, for a total transaction of $302,715.00. Following the sale, the director now directly owns 1,070 shares in the company, valued at approximately $71,978.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,297 shares of company stock valued at $821,089. 0.57% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. New Mexico Educational Retirement Board purchased a new stake in shares of Microsemi during the 4th quarter valued at about $1,477,000. Sei Investments Co. boosted its holdings in shares of Microsemi by 20.3% in the fourth quarter. Sei Investments Co. now owns 333,667 shares of the semiconductor company’s stock worth $17,234,000 after buying an additional 56,237 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Microsemi in the fourth quarter worth approximately $365,000. BlackRock Inc. boosted its holdings in shares of Microsemi by 6.7% in the fourth quarter. BlackRock Inc. now owns 10,817,946 shares of the semiconductor company’s stock worth $558,748,000 after buying an additional 680,797 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of Microsemi by 4.2% in the fourth quarter. Lazard Asset Management LLC now owns 173,680 shares of the semiconductor company’s stock worth $8,970,000 after buying an additional 7,063 shares during the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

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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