The Icon Advisers Inc. Co. Holds Stake in Microsemi Co. (MSCC)

The Icon Advisers Inc. Co. Holds Stake in Microsemi Co. (MSCC)

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. raised its position in Microsemi by 4.0% in the third quarter. Principal Financial Group Inc. now owns 449,853 shares of the semiconductor company’s stock worth $18,885,000 after buying an additional 17,289 shares during the last quarter. Westpac Banking Corp increased its stake in Microsemi by 43.5% in the third quarter. Westpac Banking Corp now owns 15,950 shares of the semiconductor company’s stock worth $670,000 after buying an additional 4,834 shares during the period. BB&T Securities LLC bought a new stake in Microsemi during the third quarter worth approximately $202,000. BlackRock Group LTD increased its stake in Microsemi by 1.5% in the third quarter. BlackRock Group LTD now owns 99,337 shares of the semiconductor company’s stock worth $4,171,000 after buying an additional 1,426 shares during the period. Finally, Oak Ridge Investments LLC increased its stake in Microsemi by 21.6% in the third quarter. Oak Ridge Investments LLC now owns 110,060 shares of the semiconductor company’s stock worth $4,620,000 after buying an additional 19,568 shares during the last quarter.

Icon Advisers Inc. Co. maintained its position in Microsemi Co. (NASDAQ:MSCC) during the first quarter, according to its most recent filing with the SEC. The firm owned 9,800 shares of the semiconductor company’s stock at the end of the first quarter. Icon Advisers Inc. Co.’s holdings in Microsemi were worth $505,000 at the end of the most recent reporting period.

Shares of Microsemi Co. (MSCC) opened at 51.24 on Monday. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 27.10 and a beta of 1.33. Microsemi Co. has a 12-month low of $29.68 and a 12-month high of $57.97. The stock has a 50 day moving average of $49.07 and a 200 day moving average of $52.55.

A number of research firms recently commented on MSCC. Royal Bank of Canada reiterated a “top pick” rating and issued a $64.00 target price on shares of Microsemi in a report on Monday, May 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $63.00 price objective on shares of Microsemi in a research report on Thursday, February 9th. TheStreet raised shares of Microsemi from a “c+” rating to a “b+” rating in a research report on Thursday, April 27th. Finally, Zacks Investment Research downgraded shares of Microsemi from a “hold” rating to a “sell” rating in a research report on Tuesday, March 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.73. In other news, VP Frederick C. Goerner sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $50.89, for a total transaction of $101,780.00. Following the sale, the vice president now directly owns 61,782 shares in the company, valued at $3,144,085.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman James J. Peterson sold 8,800 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $47.93, for a total value of $421,784.00. Following the sale, the chairman now owns 175,781 shares in the company, valued at $8,425,183.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,026 shares of company stock valued at $2,056,303. 0.57% of the stock is owned by insiders.

Microsemi Company Profile 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MSCC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Microsemi Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsemi Co. and related companies with our FREE daily email newsletter.

Related posts

Leave a Comment