PMC-Sierra VP Alinka Flaminia Sells 11,437 Shares (PMCS)
PMC-Sierra (NASDAQ:PMCS) VP Alinka Flaminia sold 11,437 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $7.09, for a total value of $81,088.33. Following the completion of the transaction, the vice president now directly owns 95,443 shares in the company, valued at approximately $676,691. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of PMC-Sierra (NASDAQ:PMCS) traded up 0.99% on Thursday, hitting $7.12. The stock had a trading volume of 886,568 shares. PMC-Sierra has a 52-week low of $5.60 and a 52-week high of $7.85. The stock has a 50-day moving average of $7.04 and a 200-day moving average of $6.80. The company’s market cap is $1.394 billion.
PMC-Sierra (NASDAQ:PMCS) last issued its quarterly earnings data on Thursday, May 1st. 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 $126.50 million for the quarter, compared to the consensus estimate of $124.00 million. During the same quarter last year, the company posted $0.07 earnings per share. PMC-Sierra’s revenue was up 1.0% compared to the same quarter last year. On average, analysts predict that PMC-Sierra will post $0.37 earnings per share for the current fiscal year.
A number of research firms have recently commented on PMCS. Analysts at Zacks reiterated a “neutral” rating on shares of PMC-Sierra in a research note on Monday, May 5th. They now have a $7.50 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of PMC-Sierra from $6.00 to $7.00 in a research note on Friday, May 2nd. Five analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $7.25.
PMC-Sierra, Inc, is a semiconductor innovator transforming networks that connect, move and store digital content.
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