Hood River Capital Management buys $16,455,726 stake in Microsemi Corporation (MSCC)

Microsemi Corporation (MSCC) : Hood River Capital Management scooped up 278,944 additional shares in Microsemi Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 505,397 shares of Microsemi Corporation which is valued at $16,455,726.Microsemi Corporation makes up approximately 2.28% of Hood River Capital Management’s portfolio.

Other Hedge Funds, Including , Columbus Circle Investors boosted its stake in MSCC in the latest quarter, The investment management firm added 857,835 additional shares and now holds a total of 1,173,374 shares of Microsemi Corporation which is valued at $38,205,057. Microsemi Corporation makes up approx 0.35% of Columbus Circle Investors’s portfolio.Ifp Advisors Inc boosted its stake in MSCC in the latest quarter, The investment management firm added 152 additional shares and now holds a total of 692 shares of Microsemi Corporation which is valued at $22,532.Emerald Mutual Fund Advisers Trust boosted its stake in MSCC in the latest quarter, The investment management firm added 423 additional shares and now holds a total of 586,037 shares of Microsemi Corporation which is valued at $19,802,190. Microsemi Corporation makes up approx 1.11% of Emerald Mutual Fund Advisers Trust’s portfolio.Sawgrass Asset Management boosted its stake in MSCC in the latest quarter, The investment management firm added 12,380 additional shares and now holds a total of 35,100 shares of Microsemi Corporation which is valued at $1,186,029. Microsemi Corporation makes up approx 0.06% of Sawgrass Asset Management’s portfolio.Texas Permanent School Fund boosted its stake in MSCC in the latest quarter, The investment management firm added 10,345 additional shares and now holds a total of 89,613 shares of Microsemi Corporation which is valued at $3,028,023. Microsemi Corporation makes up approx 0.04% of Texas Permanent School Fund’s portfolio.

Microsemi Corporation opened for trading at $32.49 and hit $32.76 on the upside on Tuesday, eventually ending the session at $32.58, with a gain of 0.80% or 0.26 points. The heightened volatility saw the trading volume jump to 8,27,080 shares. Company has a market cap of $3,685 M.

On the company’s financial health, Microsemi Corporation reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.65. The company had revenue of $444.30 million for the quarter, compared to analysts expectations of $444.71 million. The company’s revenue was up 52.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on Microsemi Corporation. Company shares were Reiterated by Topeka Capital Markets on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $40 .Company shares were Reiterated by RBC Capital Mkts on Mar 28, 2016 to “Top Pick”, Firm has raised the Price Target to $ 47 from a previous price target of $46 .Company shares were Reiterated by Needham on Mar 28, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $40 .

Microsemi Corporation (Microsemi) 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. The principal end markets that its serves include aerospace communications defense and security and industrial. Its products are found in various applications such as communications infrastructure systems; military and commercial satellites and aircrafts oil field equipment and airport security systems.

Leave a Reply

Microsemi Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Microsemi Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.