Eagle Boston Investment Management Inc buys $11,930,237 stake in Microsemi Corporation (MSCC)

Microsemi Corporation (MSCC) : Eagle Boston Investment Management Inc scooped up 23,243 additional shares in Microsemi Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 343,415 shares of Microsemi Corporation which is valued at $11,930,237.Microsemi Corporation makes up approximately 1.56% of Eagle Boston Investment Management Inc’s portfolio.

Other Hedge Funds, Including , First National Bank Of Omaha reduced its stake in MSCC by selling 75 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 21,800 shares of MSCC which is valued at $757,332. Microsemi Corporation makes up approx 0.06% of First National Bank Of Omaha’s portfolio. Simplex Trading sold out all of its stake in MSCC during the most recent quarter. The investment firm sold 823 shares of MSCC which is valued $28,591.Capstone Asset Management Co boosted its stake in MSCC in the latest quarter, The investment management firm added 1,430 additional shares and now holds a total of 10,774 shares of Microsemi Corporation which is valued at $366,424. Microsemi Corporation makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Kistler-tiffany Companies added MSCC to its portfolio by purchasing 11 company shares during the most recent quarter which is valued at $370.

Microsemi Corporation opened for trading at $34.61 and hit $34.985 on the upside on Wednesday, eventually ending the session at $34.74, with a gain of 1.11% or 0.38 points. The heightened volatility saw the trading volume jump to 5,31,309 shares. Company has a market cap of $3,929 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 .

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.

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