Pericom Semiconductor Corp. VP Chi Hung Hui Sells 15,000 Shares (PSEM)
Pericom Semiconductor Corp. (NASDAQ:PSEM) VP Chi Hung Hui sold 15,000 shares of the stock on the open market in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $9.16, for a total transaction of $137,400.00. Following the completion of the transaction, the vice president now directly owns 766,527 shares of the company’s stock, valued at approximately $7,021,387. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Pericom Semiconductor Corp. (NASDAQ:PSEM) traded up 2.53% on Thursday, hitting $9.72. 27,286 shares of the company’s stock traded hands. Pericom Semiconductor Corp. has a 52-week low of $6.16 and a 52-week high of $9.67. The stock’s 50-day moving average is $8.77 and its 200-day moving average is $8.50. The company’s market cap is $215.6 million.
Pericom Semiconductor Corp. (NASDAQ:PSEM) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts expect that Pericom Semiconductor Corp. will post $0.34 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Pericom Semiconductor Corp. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 24th. They now have a $9.80 price target on the stock.
Pericom Semiconductor provides integrated connectivity solutions. It also provides advanced timing, and signal integrity solutions for the computing, communications, and consumer market segments.
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