Eagle Boston Investment Management Inc. Sells 79,341 Shares of Microsemi (MSCC)

Eagle Boston Investment Management Inc. lessened its holdings in shares of Microsemi (NASDAQ:MSCC) by 20.4% during the 1st quarter, HoldingsChannel reports. The firm owned 309,356 shares of the semiconductor company’s stock after selling 79,341 shares during the period. Microsemi makes up about 2.0% of Eagle Boston Investment Management Inc.’s holdings, making the stock its 2nd biggest position. Eagle Boston Investment Management Inc.’s holdings in Microsemi were worth $20,021,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Microsemi in the fourth quarter valued at approximately $108,000. IFP Advisors Inc raised its holdings in Microsemi by 235.2% in the fourth quarter. IFP Advisors Inc now owns 2,212 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 1,552 shares in the last quarter. Advisor Group Inc. raised its holdings in Microsemi by 92.7% in the fourth 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 in the last quarter. Cerebellum GP LLC acquired a new stake in Microsemi in the fourth quarter valued at approximately $124,000. Finally, Balter Liquid Alternatives LLC acquired a new stake in Microsemi in the fourth quarter valued at approximately $142,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of Microsemi stock opened at $68.58 on Friday. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 1.56 and a beta of 1.21. Microsemi has a 52 week low of $68.50 and a 52 week high of $68.56. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.57 and a current ratio of 2.27.

Several analysts recently weighed in on the stock. Piper Jaffray cut shares of Microsemi from an “overweight” rating to a “neutral” rating in a report on Tuesday, March 6th. BidaskClub cut shares of Microsemi from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th. TheStreet cut shares of Microsemi from a “b+” rating to a “c+” rating in a report on Tuesday. SunTrust Banks reaffirmed a “buy” rating and issued a $71.00 target price on shares of Microsemi in a report on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $66.00 target price on shares of Microsemi in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $64.32.

In other news, VP Frederick C. Goerner sold 2,102 shares of the firm’s 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 transaction, the vice president now directly owns 55,692 shares in the company, valued at $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 that occurred on Thursday, March 8th. The stock was sold at an average price of $67.27, for a total transaction of $302,715.00. Following the transaction, the director now owns 1,070 shares in the company, valued at $71,978.90. The disclosure for this sale can be found here. Insiders sold 12,297 shares of company stock worth $821,089 over the last quarter. 0.57% of the stock is currently owned by insiders.

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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