Aristotle Capital Boston buys $9,089,133 stake in Microsemi Corporation (MSCC)

Microsemi Corporation (MSCC) : Aristotle Capital Boston scooped up 93 additional shares in Microsemi Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 228,485 shares of Microsemi Corporation which is valued at $9,089,133.Microsemi Corporation makes up approximately 1.73% of Aristotle Capital Boston’s portfolio.

Other Hedge Funds, Including , Proshare Advisors boosted its stake in MSCC in the latest quarter, The investment management firm added 549 additional shares and now holds a total of 30,791 shares of Microsemi Corporation which is valued at $1,224,866. Microsemi Corporation makes up approx 0.02% of Proshare Advisors’s portfolio. First New York Securities Ny sold out all of its stake in MSCC during the most recent quarter. The investment firm sold 336 shares of MSCC which is valued $12,133.

Microsemi Corporation opened for trading at $40.06 and hit $40.48 on the upside on Thursday, eventually ending the session at $40.39, with a gain of 1.08% or 0.43 points. The heightened volatility saw the trading volume jump to 8,16,455 shares. Company has a market cap of $4,572 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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