Reliant Investment Management adds Microsemi Corporation (MSCC) to its portfolio

Microsemi Corporation (MSCC) : Reliant Investment Management added new position in Microsemi Corporation during the most recent quarter end. The investment management firm now holds 44,005 shares of Microsemi Corporation which is valued at $1,685,392 , the company said in a statement filed on Aug 1, 2016 with the SEC.Microsemi Corporation makes up approximately 1.47% of Reliant Investment Management’s portfolio.

Other Hedge Funds, Including , Rockefeller Financial Services Inc reduced its stake in MSCC by selling 5,946 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 537,536 shares of MSCC which is valued at $18,663,250. Microsemi Corporation makes up approx 0.36% of Rockefeller Financial Services Inc’s portfolio.Nordea Investment Management Ab boosted its stake in MSCC in the latest quarter, The investment management firm added 14,597 additional shares and now holds a total of 19,177 shares of Microsemi Corporation which is valued at $666,209.

Microsemi Corporation opened for trading at $38.25 and hit $38.71 on the upside on Thursday, eventually ending the session at $38.4, with a gain of 0.26% or 0.1 points. The heightened volatility saw the trading volume jump to 7,12,937 shares. Company has a market cap of $4,343 M.

On the company’s financial health, Microsemi Corporation reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.72. The company had revenue of $431.40 million for the quarter, compared to analysts expectations of $430.26 million. The company’s revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

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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