Koch Industries Inc. lifted its holdings in Microsemi Co. (NASDAQ:MSCC) by 90.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,154 shares of the semiconductor company’s stock after buying an additional 3,875 shares during the quarter. Koch Industries Inc.’s holdings in Microsemi were worth $421,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Aperio Group LLC raised its holdings in Microsemi by 3.3% during the 3rd quarter. Aperio Group LLC now owns 33,764 shares of the semiconductor company’s stock worth $1,738,000 after purchasing an additional 1,064 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Microsemi during the 3rd quarter worth about $619,000. Victory Capital Management Inc. raised its holdings in Microsemi by 91.0% during the 3rd quarter. Victory Capital Management Inc. now owns 80,686 shares of the semiconductor company’s stock worth $4,153,000 after purchasing an additional 38,444 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Microsemi by 1.0% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 155,148 shares of the semiconductor company’s stock worth $7,987,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Stevens Capital Management LP raised its holdings in Microsemi by 73.1% during the 3rd quarter. Stevens Capital Management LP now owns 55,496 shares of the semiconductor company’s stock worth $2,857,000 after purchasing an additional 23,428 shares during the last quarter. 96.73% of the stock is owned by institutional investors and hedge funds.
Shares of Microsemi Co. (NASDAQ:MSCC) opened at $67.24 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.36 and a quick ratio of 1.55. The company has a market capitalization of $7,911.05, a PE ratio of 18.94, a PEG ratio of 1.44 and a beta of 1.24. Microsemi Co. has a 52 week low of $46.08 and a 52 week high of $67.52.
Several analysts have weighed in on the company. Piper Jaffray Companies cut Microsemi from an “overweight” rating to a “neutral” rating in a report on Tuesday, March 6th. SunTrust Banks reissued a “buy” rating and set a $71.00 price objective on shares of Microsemi in a report on Friday, January 26th. Royal Bank of Canada reissued a “buy” rating and set a $66.00 price objective on shares of Microsemi in a report on Friday, January 26th. Stifel Nicolaus boosted their price objective on Microsemi from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Mizuho cut Microsemi from a “buy” rating to a “neutral” rating and set a $68.78 price objective for the company. in a report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $64.32.
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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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