Notable Insider Trading: Microsemi Corporation (MSCC)

Microsemi Corporation (NASDAQ:MSCC) insider has recently participated in insider trading activity. Director, MASSENGILL MATTHEW E sold 2,468 shares for $73,108 via one transaction Feb 11. Following the transaction, the insider now owns 2,252 shares in total, priced at $73,054.88 as of Tuesday. Another notable insider trading was done by the same insider on Feb 10. BENDUSH WILLIAM sold 5,000 shares at an average price of $30.55 for a total of $152,726. Moreover, LEIBEL DENNIS R carried out a sale of 5,000 shares at $31.25 each on Feb 10. The transaction amounted to $14,797. Lead Independent Director LEIBEL DENNIS R sold 5,000 shares for $156,250 through one transaction Feb 05. Following this sale, this insider’s stake in the company comprises 10,077 shares, priced at $326,897.88 as of Tuesday.

The stock has experienced a total of 16 insider trades in the past three months. These trades include 10 sell activities and 6 buy trades. Furthermore, over the past 12 months, the stock was traded 125 times by insiders. In 114 of these trades, the insider was a seller while an employee of the company was the buyer in just 11 instances.

Microsemi Corporation (MSCC) on Feb. 9, 2016 announced the availability of its PDS-104GO outdoor Power-over-Ethernet (PoE) switch, expanding the company’s industry-leading PoE product offering to enable the connection of four powered devices to a network. The switch delivers 60 watts (W) of power per device over standard Ethernet cabling to outdoor devices such as wireless local-area network access points (WLAN), Internet protocol (IP) cameras, point-to-point microwave radio and small cells—and is ideal for outdoor deployments in several industries including education, transportation, and government. Microsemi will be showcasing the device in Europe at the Cisco Live event in Berlin Feb.18 and in the U.S. at ISC West in Las Vegas April 5-8.

“We are pleased to offer Microsemi’s first 4+1 port PoE switch with a small form-factor pluggable (SFP) uplink, providing customers with greater flexibility, longer networks, plug-and-play installation and the needed outdoor functionality including extended temperature range , IP 66 and integrated surge protection,” said Sani Ronen, director of product management for Microsemi’s PoE systems. “As a leader in Pow technology, the PDS-104GO demonstrates our continued commitment to innovation by offering a compelling and highly integrated solution for IP-based outdoor installations that brings new capabilities to the market.”