Pericom Semiconductor Corp. CFO Aaron Tachibana Sells 3,300 Shares (PSEM)
Pericom Semiconductor Corp. (NASDAQ:PSEM) CFO Aaron Tachibana sold 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $9.00, for a total value of $29,700.00. Following the completion of the sale, the chief financial officer now directly owns 27,001 shares of the company’s stock, valued at approximately $243,009. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on PSEM shares. Analysts at Zacks downgraded shares of Pericom Semiconductor Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $10.20 price target on the stock.
Shares of Pericom Semiconductor Corp. (NASDAQ:PSEM) traded up 3.25% on Friday, hitting $9.1999. The stock had a trading volume of 34,946 shares. Pericom Semiconductor Corp. has a 1-year low of $6.10 and a 1-year high of $9.67. The stock’s 50-day moving average is $9.14 and its 200-day moving average is $7.9. The company’s market cap is $209.5 million.
Pericom Semiconductor Corp. (NASDAQ:PSEM) last released its earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.01. The company had revenue of $32.60 million for the quarter, compared to the consensus estimate of $32.70 million. During the same quarter last year, the company posted $0.10 earnings per share. Pericom Semiconductor Corp.’s revenue was down 11.2% compared to the same quarter last year. On average, analysts predict that Pericom Semiconductor Corp. will post $0.30 earnings per share for the current fiscal 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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