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Peregrine Semiconductor Corp (NASDAQ: PSMI) was the recipient of a ratings changes during the seven days:

  • Peregrine Semiconductor Corp had its price target lowered by analysts at Canaccord Genuity from $7.00 to $6.50.
  • Peregrine Semiconductor Corp was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $7.00 price target on the stock, down previously from $9.50.
  • Peregrine Semiconductor Corp was downgraded by analysts at Needham & Company from a “buy” rating to a “hold” rating. They now have a $11.00 price target on the stock.
  • Peregrine Semiconductor Corp had its price target lowered by analysts at Deutsche Bank from $8.00 to $6.00. They now have a “hold” rating on the stock.
  • Peregrine Semiconductor Corp was downgraded by analysts at Charter Equity from a “market perform” rating to an “underperform” rating.
  • Peregrine Semiconductor Corp was upgraded by analysts at RBC Capital from a “sector perform” rating to an “outperform” rating. They now have a $7.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.

Peregrine Semiconductor Corp (NASDAQ:PSMI) opened at 5.36 on Thursday. Peregrine Semiconductor Corp has a 1-year low of $4.75 and a 1-year high of $12.09. The stock’s 50-day moving average is $6.93 and its 200-day moving average is $8.87. The company’s market cap is $175.2 million. Peregrine Semiconductor Corp also was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 1,885,150 shares, an increase of 35.2% from the January 15th total of 1,394,751 shares. Based on an average trading volume of 236,507 shares, the short-interest ratio is currently 8.0 days. Currently, 8.6% of the company’s shares are short sold.

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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