Garelick Capital Partners Lp Lowers stake in Microsemi Corporation (MSCC)

Microsemi Corporation (MSCC) : Garelick Capital Partners Lp reduced its stake in Microsemi Corporation by 20.42% during the most recent quarter end. The investment management company now holds a total of 142,659 shares of Microsemi Corporation which is valued at $5,674,975 after selling 36,615 shares in Microsemi Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Microsemi Corporation makes up approximately 3.85% of Garelick Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in MSCC in the latest quarter, The investment management firm added 318,543 additional shares and now holds a total of 5,994,025 shares of Microsemi Corporation which is valued at $238,442,315. Microsemi Corporation makes up approx 0.05% of Blackrock Fund Advisors’s portfolio.Rothschild Asset Management Inc boosted its stake in MSCC in the latest quarter, The investment management firm added 45,304 additional shares and now holds a total of 676,745 shares of Microsemi Corporation which is valued at $25,919,334. Microsemi Corporation makes up approx 0.45% of Rothschild Asset Management Inc’s portfolio.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.

Microsemi Corporation opened for trading at $39.72 and hit $40.52 on the upside on Friday, eventually ending the session at $40.1, with a gain of 0.91% or 0.36 points. The heightened volatility saw the trading volume jump to 5,61,724 shares. Company has a market cap of $4,539 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.

Many Wall Street Analysts have commented on Microsemi Corporation. Company shares were Reiterated by Mizuho on Aug 22, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .

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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