Microsemi Corporation (MSCC) : Palisade Capital Managementnj reduced its stake in Microsemi Corporation by 10.59% during the most recent quarter end. The investment management company now holds a total of 430,422 shares of Microsemi Corporation which is valued at $16,485,163 after selling 50,972 shares in Microsemi Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Microsemi Corporation makes up approximately 0.70% of Palisade Capital Managementnj’s portfolio.
Other Hedge Funds, Including , Parkside Financial Bank Trust reduced its stake in MSCC by selling 72 shares or 11.01% in the most recent quarter. The Hedge Fund company now holds 582 shares of MSCC which is valued at $22,291. Microsemi Corporation makes up approx 0.01% of Parkside Financial Bank Trust’s portfolio.Ftb Advisors boosted its stake in MSCC in the latest quarter, The investment management firm added 3,410 additional shares and now holds a total of 4,391 shares of Microsemi Corporation which is valued at $171,249. Microsemi Corporation makes up approx 0.02% of Ftb Advisors’s portfolio.Emerald Mutual Fund Advisers Trust boosted its stake in MSCC in the latest quarter, The investment management firm added 26,542 additional shares and now holds a total of 612,579 shares of Microsemi Corporation which is valued at $23,890,581. Microsemi Corporation makes up approx 1.27% of Emerald Mutual Fund Advisers Trust’s portfolio.Emerald Advisers Incpa reduced its stake in MSCC by selling 115 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 638,363 shares of MSCC which is valued at $24,896,157. Microsemi Corporation makes up approx 1.13% of Emerald Advisers Incpa’s portfolio.Cambiar Investors reduced its stake in MSCC by selling 78,694 shares or 7.64% in the most recent quarter. The Hedge Fund company now holds 952,003 shares of MSCC which is valued at $34,376,828. Microsemi Corporation makes up approx 0.47% of Cambiar Investors’s portfolio.
Microsemi Corporation closed down -0.1 points or -0.26% at $39.08 with 13,33,327 shares getting traded on Monday. Post opening the session at $39.31, the shares hit an intraday low of $38.76 and an intraday high of $39.395 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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. 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.