Sandler Capital Management adds Microsemi Corporation (MSCC) to its portfolio

Microsemi Corporation (MSCC) : Sandler Capital Management added new position in Microsemi Corporation during the most recent quarter end. The investment management firm now holds 260,920 shares of Microsemi Corporation which is valued at $10,379,398 , the company said in a statement filed on Aug 15, 2016 with the SEC.Microsemi Corporation makes up approximately 1.94% of Sandler Capital Management’s portfolio.

Other Hedge Funds, Including , Lombard Odier Asset Management (usa) Corp reduced its stake in MSCC by selling 53,466 shares or 15.37% in the most recent quarter. The Hedge Fund company now holds 294,301 shares of MSCC which is valued at $11,707,294. Microsemi Corporation makes up approx 1.56% of Lombard Odier Asset Management (usa) Corp’s portfolio.Symphony Asset Management reduced its stake in MSCC by selling 13,571 shares or 46.73% in the most recent quarter. The Hedge Fund company now holds 15,470 shares of MSCC which is valued at $615,397. Microsemi Corporation makes up approx 0.11% of Symphony Asset Management’s portfolio. Peak6 Investments sold out all of its stake in MSCC during the most recent quarter. The investment firm sold 6,591 shares of MSCC which is valued $262,190.Isthmus Partners reduced its stake in MSCC by selling 477 shares or 2.23% in the most recent quarter. The Hedge Fund company now holds 20,919 shares of MSCC which is valued at $831,321. Microsemi Corporation makes up approx 0.26% of Isthmus Partners’s portfolio.

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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