Microsemi Corp (NASDAQ:MSCC).
Eagle Boston Investment Management Inc says it bought 3,562 shares last quarter increasing its exposure to Microsemi Corp by 1.0%. Its stake was worth $19,215,000 an increase of 13.2% as of the end of the quarter.
These firms have modified their investment in MSCC. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings by selling 110,857 shares a decrease of 86.8%. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS now controls 16,846 shares valued at $867,000. The total value of its holdings decreased 85.5%. Marshall Wace LLP augmented its ownership by buying 5,601 shares an increase of 21.0% from 06/30/2017 to 09/30/2017. Marshall Wace LLP claims 32,218 shares with a value of $1,643,000. The value of the position overall is up by 31.3%.
As of quarter end Raymond James & Associates had bought a total of 2,356 shares growing its position 2.6%. The value in dollars went from $4,281,000 to $4,830,000 increasing 12.8% since the last quarter.
November 10 investment analysts at Oppenheimer Holdings kept a “Hold” rating on the company. November 10 investment analysts at Needham & Company LLC maintained a company rating of “Buy” with a current price target of $61.00.
On October 20 KeyCorp made no change to the company rating of “Buy” projecting a price of $62.00. On July 31, 2017 Wells Fargo & Company reiterated a “Outperform” rating on the company.
July 30 investment analysts at Royal Bank Of Canada left the stock rating at “Outperform” targeting a price of $60.00. On July 28 analysts at Susquehanna Bancshares released a research note on MSCC with a rating of “Buy” and establishing a price target of $70.00.
The company is now down by 0.59% percent from yesterday’s close. Microsemi Corp currently has a P/E ratio of 35.01 and the market cap of the company is 6.08B. As of the last earnings report the EPS was $1.50 with 115.68M shares presently outstanding.
Traders are more bearish recently at least if you consider the uptick in short interest. The company recorded a rise in short interest between September 29, 2017 and October 13, 2017 of 3.61%. Short shares increased 126,212 over that timeframe. With short interest at 3,617,716 and short average daily volume at 476,098, days to cover is 8.0 and the percentage of shorted shares was 0.03% on October 13.