Peregrine Semiconductor Corp. Hits New 52-Week Low at $6.56 (PSMI)
Shares of Peregrine Semiconductor Corp. (NASDAQ:PSMI) hit a new 52-week low during mid-day trading on Friday, AnalystRatings.Net reports. The stock traded as low as $6.56 and last traded at $6.57, with a volume of 156,803 shares trading hands. The stock had previously closed at $6.75.
A number of research firms have recently commented on PSMI. Analysts at Canaccord Genuity cut their price target on shares of Peregrine Semiconductor Corp. from $9.00 to $7.00 in a research note to investors on Tuesday, January 14th. Analysts at Deutsche Bank downgraded shares of Peregrine Semiconductor Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday, January 13th. They now have a $8.00 price target on the stock, down previously from $10.00. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.13.
Peregrine Semiconductor Corp. has a 52-week low of $6.56 and a 52-week high of $12.09. The stock has a 50-day moving average of $7. and a 200-day moving average of $9.14. The company has a market cap of $214.7 million and a price-to-earnings ratio of 45.00.
Peregrine Semiconductor Corporation (NASDAQ:PSMI) is engaged in the design, manufacturing and marketing radio frequency integrated circuits (RFICs) for the aerospace and defense, broadband, industrial, mobile wireless device, test and measurement equipment, and wireless infrastructure markets.
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