Capstone Asset Management Company increased its position in Microsemi Co. (NASDAQ:MSCC) by 9.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,875 shares of the company’s stock after buying an additional 2,680 shares during the period. Capstone Asset Management Company’s holdings in Microsemi were worth $1,006,000 at the end of the most recent quarter.

Separately, ICON Advisers boosted its position in shares of Microsemi by 269.4% in the third quarter. ICON Advisers now owns 31,400 shares of the company’s stock worth $1,031,000 after buying an additional 22,900 shares during the period.

Shares of Microsemi Co. (NASDAQ:MSCC) traded up 0.49% on Monday, reaching $34.63. The company’s stock had a trading volume of 815,828 shares. Microsemi Co. has a one year low of $28.24 and a one year high of $39.56. The firm has a 50-day moving average price of $31.47 and a 200 day moving average price of $33.37. The firm has a market capitalization of $3.89 billion and a PE ratio of 37.64.



Microsemi (NASDAQ:MSCC) last issued its quarterly earnings data on Thursday, January 28th. The company reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. The company had revenue of $329.20 million for the quarter, compared to analysts’ expectations of $327.34 million. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. On average, analysts anticipate that Microsemi Co. will post $3.08 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. Wells Fargo upgraded Microsemi from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $33.00 to $37.00 in a research report on Friday, January 29th. Zacks Investment Research upgraded Microsemi from a “sell” rating to a “hold” rating in a research report on Monday, November 9th. Topeka Capital Markets lifted their price objective on Microsemi from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, November 6th. RBC Capital reiterated a “buy” rating and issued a $45.00 price objective on shares of Microsemi in a research report on Thursday, December 3rd. Finally, Raymond James cut their price objective on Microsemi from $43.00 to $40.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 29th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Microsemi presently has a consensus rating of “Buy” and a consensus target price of $42.92.

In other Microsemi news, Director Thomas Robert Anderson sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 17th. The stock was sold at an average price of $32.91, for a total transaction of $32,910.00. Following the sale, the director now directly owns 10,821 shares in the company, valued at $356,119.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dennis R. Leibel sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 17th. The shares were sold at an average price of $33.01, for a total value of $165,050.00. Following the sale, the director now owns 14,797 shares in the company, valued at $488,448.97. The disclosure for this sale can be found here.

Microsemi Corporation (NASDAQ:MSCC) is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemi’s products include high-performance and radiation-hardened analog mixed-signal integrated circuits (ICs), field programmable gate arrays (FPGAs), system on chip solutions (SoCs) and application-specific integrated circuits (ASICs); power management products; timing and synchronization devices and precise time solutions; voice processing devices; radio frequency (RF) solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet (PoE) ICs and midspans.

12 Month Chart for NASDAQ:MSCC


Electronics-chip.com as a professional Electronic components distributor ABB. Learned more information 

About Electronics-chip.com 

Your Trusted Partner for Distributing Electronic Components Chips! 

Our Mission is to provide the best quality IC parts with the best affordable price every time. 

We are looking forward to cooperating with you!