Ivory Investment Management Lp Decreased Microsemi Corp (NASDAQ:MSCC) Stake By $14.36 Million

February 23, 2018 - By Henry Gaston

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.09, from 1.22 in 2017Q2. It dived, as 34 investors sold MSCC shares while 99 reduced holdings. 54 funds opened positions while 96 raised stakes. 112.73 million shares or 0.48% more from 112.18 million shares in 2017Q2 were reported. Profund Advsrs Limited Liability Com has 33,832 shares. Signature Est And Inv Advsrs Lc owns 12,229 shares or 0.07% of their US portfolio. Emerald Advisers Pa has 0.78% invested in Microsemi Corporation (NASDAQ:MSCC). Rhumbline Advisers accumulated 263,511 shares or 0.03% of the stock. Moreover, Monetary Mngmt Grp Inc has 0.48% invested in Microsemi Corporation (NASDAQ:MSCC). Rafferty Asset Mngmt Ltd Liability Corporation invested 0.07% of its portfolio in Microsemi Corporation (NASDAQ:MSCC). Gsa Capital Partners Llp, a United Kingdom-based fund reported 26,761 shares. Millennium Management Limited Co invested in 1.49 million shares or 0.12% of the stock. Intll Grp Inc holds 0.04% or 236,240 shares. Credit Agricole S A, France-based fund reported 4,469 shares. Glaxis Cap Management Ltd Liability has 0.78% invested in Microsemi Corporation (NASDAQ:MSCC) for 10,000 shares. Patten Gp Inc owns 2,066 shares. Palisade Cap Mgmt Limited Liability Corporation Nj stated it has 0.53% in Microsemi Corporation (NASDAQ:MSCC). Rice Hall James Assoc Limited Com holds 46,596 shares or 0.11% of its portfolio. Tci Wealth Inc holds 63 shares.

Since August 31, 2017, it had 0 insider buys, and 10 insider sales for $3.37 million activity. Goren David also sold $437,582 worth of Microsemi Corporation (NASDAQ:MSCC) shares. Pickle Paul H sold 14,746 shares worth $773,895. 11,638 Microsemi Corporation (NASDAQ:MSCC) shares with value of $610,900 were sold by HOHENER JOHN W.

Curtis Macnguyen decreased its stake in Microsemi Corp (NASDAQ:MSCC) by 55.5% based on its latest 2017Q4 regulatory filing with the SEC. Ivory Investment Management Lp sold 281,627 shares as the company’s stock declined 11.24% while stock markets rallied. The hedge fund run by Curtis Macnguyen held 225,773 shares of the semiconductors company at the end of 2017Q4, valued at $11.66 million, down from 507,400 at the end of the previous reported quarter. Ivory Investment Management Lp who had been investing in Microsemi Corp for a number of months, seems to be less bullish one the $7.18B market cap company. The stock increased 0.18% or $0.11 during the last trading session, reaching $61.05. About 701,777 shares traded. Microsemi Corporation (NASDAQ:MSCC) has risen 52.60% since February 23, 2017 and is uptrending. It has outperformed by 35.90% the S&P500.

Curtis Macnguyen left Siegler, Collery& Co. to launch Ivory Capital in 1998. After fees were deducted, he posted a return of 11.8% in the period 1998 to early 2009. This was in comparison to -0.5% for the S&P 500. Macnguyen seeks out firms that are being traded for less than their inherent value. He will short those he finds trading above their value. An incorrectly priced security that has significant catalysts with a minimum margin of safety at 30% is sure to draw his attention. Macnguyen is looking for bargains that will not remain bargains. Ivory Capital has a standard net exposure of around 30% because it normally is 60-80% long and 30-50% short, usually shorting as a money maker as well as a hedge. Ivory Investment Management Lp is a California-based hedge fund that was founded by Curtis Macnguyen. It had more than $3.62 billion assets under management in July, 2014. Taken from Ivory Investment Management latest Adv, the fund reported to have 36 full and part-time employees. Among which 17 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Microsemi Corporation (NASDAQ:MSCC) Ratings Coverage

Among 19 analysts covering Microsemi (NASDAQ:MSCC), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. Microsemi had 54 analyst reports since August 3, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Buy” rating and $68.0 target in Friday, January 26 report. The firm has “Buy” rating by Stifel Nicolaus given on Monday, July 3. The stock of Microsemi Corporation (NASDAQ:MSCC) has “Buy” rating given on Tuesday, July 18 by BMO Capital Markets. SunTrust maintained it with “Buy” rating and $68.0 target in Wednesday, October 11 report. RBC Capital Markets initiated Microsemi Corporation (NASDAQ:MSCC) on Monday, August 3 with “Outperform” rating. The stock of Microsemi Corporation (NASDAQ:MSCC) earned “Buy” rating by Drexel Hamilton on Monday, August 24. The rating was upgraded by Zacks to “Hold” on Monday, September 21. The rating was maintained by Mizuho on Friday, January 26 with “Buy”. SunTrust maintained Microsemi Corporation (NASDAQ:MSCC) on Friday, January 26 with “Buy” rating. The rating was initiated by Sterne Agee CRT with “Buy” on Wednesday, September 9.

Microsemi Corporation designs, manufactures, and markets analog and mixed-signal semiconductor solutions in the United States, Europe, and Asia. The company has market cap of $7.18 billion. The firm offers analog mixed-signal integrated circuits; field programmable gate arrays; system on chip solutions and application-specific integrated circuits; power management products; and timing and synchronization devices, and precise time solutions. It has a 35.13 P/E ratio. It also provides voice processing devices, radio frequency solutions, discrete components, enterprise storage and communication solutions, security technologies and scalable anti-tamper products, Ethernet solutions, and power-over-Ethernet integrated circuits and midspans, as well as custom design capabilities and services.

More notable recent Microsemi Corporation (NASDAQ:MSCC) news were published by: Zacks.com which released: “Microsemi Corporation (MSCC) Jumps: Stock Rises 5.7% January 24, 2018” on January 24, 2018, also Seekingalpha.com with their article: “Renewed M&A Chatter Outweighs An Okay Quarter For Microsemi” published on January 26, 2018, Nasdaq.com published: “Microsemi Corporation (MSCC) Jumps: Stock Rises 5.7%” on January 24, 2018. More interesting news about Microsemi Corporation (NASDAQ:MSCC) were released by: Prnewswire.com and their article: “Microsemi Announces Digital Ceiling Power-Over-Ethernet Switch Offering …” published on January 30, 2018 as well as Streetinsider.com‘s news article titled: “Microsemi Corporation (MSCC) PT Raised to $70 at Wells Fargo on 1Q Report …” with publication date: January 26, 2018.

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