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Pericom Semiconductor Corp. (NASDAQ:PSEM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday. The firm currently has a $9.80 price objective on the stock. Zacks‘s price target points to a potential upside of 9.01% from the company’s current price.

Shares of Pericom Semiconductor Corp. (NASDAQ:PSEM) traded down 2.45% during mid-day trading on Tuesday, hitting $8.77. 17,138 shares of the company’s stock traded hands. Pericom Semiconductor Corp. has a one year low of $6.16 and a one year high of $9.67. The stock has a 50-day moving average of $8.69 and a 200-day moving average of $8.51. The company’s market cap is $194.5 million.

Pericom Semiconductor Corp. (NASDAQ:PSEM) last released its earnings data on Tuesday, April 29th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.02. The company had revenue of $30.70 million for the quarter, compared to the consensus estimate of $31.45 million. During the same quarter last year, the company posted $0.04 earnings per share. Pericom Semiconductor Corp.’s revenue was up 1.0% compared to the same quarter last year. On average, analysts predict that Pericom Semiconductor Corp. will post $0.34 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.

To view Zacks’ full report, visit Zacks’ official website.

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