Peregrine Semiconductor Corp (PSMI) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Peregrine Semiconductor Corp (NASDAQ:PSMI) issued its quarterly earnings data on Monday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.01, Analyst Ratings News reports. The company had revenue of $47.10 million for the quarter, compared to the consensus estimate of $44.13 million.
A number of research firms have recently commented on PSMI. Analysts at Charter Equity upgraded shares of Peregrine Semiconductor Corp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. On the ratings front, analysts at JPMorgan Chase & Co. raised their price target on shares of Peregrine Semiconductor Corp from $7.00 to $7.50 in a research note on Tuesday, May 6th. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Peregrine Semiconductor Corp from $6.50 to $6.00 in a research note on Tuesday, May 6th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $8.67.
Shares of Peregrine Semiconductor Corp (NASDAQ:PSMI) traded up 2.66% during mid-day trading on Monday, hitting $6.95. 238,573 shares of the company’s stock traded hands. Peregrine Semiconductor Corp has a one year low of $4.75 and a one year high of $12.09. The stock has a 50-day moving average of $6.85 and a 200-day moving average of $6.42. The company’s market cap is $230.7 million.
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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