Pericom Semiconductor Corp. Rating Increased to Buy at Thomson Reuters/Verus (PSEM)
Pericom Semiconductor Corp. (NASDAQ:PSEM) was upgraded by stock analysts at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a report issued on Monday, AmericanBankingNews.com reports.
Separately, analysts at Raymond James raised their price target on shares of Pericom Semiconductor Corp. from $8.00 to $9.00 in a research note to investors on Wednesday, August 7th.
Pericom Semiconductor Corp. (NASDAQ:PSEM) traded down 2.03% on Monday, hitting $7.23. 28,697 shares of the company’s stock traded hands. Pericom Semiconductor Corp. has a 52-week low of $6.10 and a 52-week high of $8.80. The stock has a 50-day moving average of $7.3 and a 200-day moving average of $7.14. The company’s market cap is $165.0 million.
Pericom Semiconductor Corp. (NASDAQ:PSEM) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.03. The company had revenue of $31.71 million for the quarter, compared to the consensus estimate of $31.00 million. During the same quarter last year, the company posted $0.10 earnings per share. Pericom Semiconductor Corp.’s revenue was down 16.4% compared to the same quarter last year.
Pericom Semiconductor provides integrated connectivity solutions. It also provides advanced timing, and signal integrity solutions for the computing, communications, and consumer market segments.
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