Large Outflow of Money Witnessed in Microsemi Corporation

Shares of Microsemi Corporation (NASDAQ:MSCC) advanced to $34.06. The price had gained 2.22% or 0.74 points intraday. The latest trading session witnessed $0.94 million in upticks and $3.87 million in downticks, resulting in net money flow of (-2.93) million. The up/down ratio for the day stood at 0.24. On a weekly scale, the price has seen a change of 1.46%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-2.85) million occurred during the day. $0 million in uptick and $2.85 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


Currently the company Insiders own 0.5% of Microsemi Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 21.4% . Institutional Investors own 90.72% of Microsemi Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 1.69%. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (EVP & Chief Strategy Officer) of Microsemi Corp, Litchfield Steven G had purchased shares worth of $502,583 in a transaction dated on May 16, 2016. A total of 15,750 shares were purchased at a price of $31.91 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Microsemi Corporation (NASDAQ:MSCC) : On Monday heightened volatility was witnessed in Microsemi Corporation (NASDAQ:MSCC) which led to swings in the share price. The stock opened for trading at $33.12 and hit $34.09 on the upside , eventually ending the session at $33.8, with a gain of 1.44% or 0.48 points. The heightened volatility saw the trading volume jump to 1,148,297 shares. The 52-week high of the share price is $39.56 and the company has a market cap of $3,823 million. The 52-week low of the share price is at $28.24 .

Microsemi Corporation (Microsemi) is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemis 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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