Chicago Capital Management LLC Purchases Shares of 4,657 Microsemi (MSCC)

Chicago Capital Management LLC bought a new position in shares of Microsemi (NASDAQ:MSCC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,657 shares of the semiconductor company’s stock, valued at approximately $301,000. Microsemi accounts for about 0.1% of Chicago Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding.

A number of other hedge funds have also recently modified their holdings of the business. FDx Advisors Inc. raised its stake in Microsemi by 12.9% during the fourth quarter. FDx Advisors Inc. now owns 8,801 shares of the semiconductor company’s stock worth $455,000 after purchasing an additional 1,007 shares during the period. Flinton Capital Management LLC raised its stake in shares of Microsemi by 12.7% in the 4th quarter. Flinton Capital Management LLC now owns 8,944 shares of the semiconductor company’s stock valued at $462,000 after acquiring an additional 1,008 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of Microsemi by 0.3% in the 4th quarter. Thrivent Financial For Lutherans now owns 336,634 shares of the semiconductor company’s stock valued at $17,387,000 after acquiring an additional 1,044 shares during the period. Advisor Group Inc. raised its stake in shares of Microsemi by 92.7% in the 4th quarter. Advisor Group Inc. now owns 2,226 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 1,071 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Microsemi by 3.6% in the 1st quarter. Aperio Group LLC now owns 34,245 shares of the semiconductor company’s stock valued at $2,216,000 after acquiring an additional 1,197 shares during the period. 92.66% of the stock is currently owned by institutional investors.

Shares of Microsemi opened at $68.58 on Friday, MarketBeat Ratings reports. 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 company has a market capitalization of $8.09 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. Microsemi has a fifty-two week low of $68.50 and a fifty-two week high of $68.56.

A number of equities research analysts have recently issued reports on MSCC shares. Stifel Nicolaus downgraded shares of Microsemi from a “buy” rating to a “hold” rating and set a $68.00 price target on the stock. in a research note on Friday, March 2nd. KeyCorp boosted their price target on shares of Microsemi to $70.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. BMO Capital Markets reissued a “buy” rating and issued a $68.00 price target on shares of Microsemi in a research note on Friday, January 26th. BidaskClub downgraded shares of Microsemi from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 10th. Finally, Mizuho downgraded shares of Microsemi from a “buy” rating to a “neutral” rating and set a $68.78 price target on the stock. in a research note on Monday, March 5th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $64.32.

In related news, Director Paul F. Folino sold 4,500 shares of Microsemi stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $67.27, for a total value of $302,715.00. Following the completion of the transaction, the director now owns 1,070 shares in the company, valued at $71,978.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Frederick C. Goerner sold 2,102 shares of Microsemi stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $64.76, for a total transaction of $136,125.52. Following the completion of the transaction, the vice president now owns 55,692 shares of the company’s stock, valued at approximately $3,606,613.92. The disclosure for this sale can be found here. Insiders sold 12,297 shares of company stock valued at $821,089 in the last 90 days. Company insiders own 0.57% of the company’s stock.

Microsemi 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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Institutional Ownership by Quarter for Microsemi (NASDAQ:MSCC)

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