PMC-Sierra (PMCS) Scheduled to Post Earnings on Thursday
PMC-Sierra (NASDAQ:PMCS) is scheduled to be issuing its quarterly earnings data on Thursday, January 30th. Parties that are interested in registering for the company’s conference call can do so using this link.
Shares of PMC-Sierra (NASDAQ:PMCS) opened at 6.29 on Wednesday. PMC-Sierra has a 1-year low of $5.53 and a 1-year high of $7.14. The stock has a 50-day moving average of $6.33 and a 200-day moving average of $6.37. The company’s market cap is $1.286 billion.
On a related note, analysts at Zacks reiterated a “neutral” rating on shares of PMC-Sierra in a research note to investors on Monday, January 13th. They now have a $6.75 price target on the stock. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $6.51.
In other PMC-Sierra news, VP Daryn Lau unloaded 9,479 shares of the stock on the open market in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $6.65, for a total transaction of $63,035.35. Following the sale, the vice president now directly owns 129,904 shares in the company, valued at approximately $863,862. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
PMC-Sierra, Inc is a semiconductor innovator transforming networks that connect, move and store digital content.
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