Insiders Make Significant Stock Sales in Microsemi (MSCC) Shares Extending the Trend of Last Quarter

Tuesday, October 10, 2017 10:15 PM ET

Insiders Make Significant Stock Sales in Microsemi (MSCC) Shares Extending the Trend of Last Quarter

There was a notable level of share sales at Microsemi today, as reported in filings with the SEC. Four insiders — Hohener, Goerner, Goren, and Pickle — disposed of 39,713 shares in the company having a market value of approximately $2,084,009. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 11,650 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 51,363 shares and have averaged 6,420 shares per transaction over this time period.

The number of insider buy/sell trades at Microsemi is higher than that of the 77 peer company average over the last 90-day period. The Semiconductors peer group saw 160 buy/sell trades during this period for an average of 2.1 transactions per company. However, the number of shares traded per transaction by Microsemi insiders is lower than its peers. Within the peer group there were 176,430 shares purchased and 52,541,613 shares sold with company insiders having sold 327,282 shares on average over this time period.

The data used in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* John W Hohener, Officer, sold 11,638 shares
* Frederick C Goerner, Officer, sold 5,000 shares
* David Goren, Officer, sold 8,329 shares
* Paul H Pickle, Officer, sold 14,746 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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