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Peregrine Semiconductor Corp (NASDAQ:PSMI) has received a consensus recommendation of “Hold” from the twelve ratings firms that are covering the stock, American Banking and Market News reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $8.72.

Peregrine Semiconductor Corp (NASDAQ:PSMI) traded down 2.34% during mid-day trading on Tuesday, hitting $6.7875. The stock had a trading volume of 59,892 shares. Peregrine Semiconductor Corp has a 52-week low of $4.75 and a 52-week high of $12.09. The stock’s 50-day moving average is $6.87 and its 200-day moving average is $6.38. The company’s market cap is $225.3 million.

Peregrine Semiconductor Corp (NASDAQ:PSMI) last issued its quarterly earnings data on Monday, July 28th. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.11) by $0.01. The company had revenue of $47.10 million for the quarter, compared to the consensus estimate of $44.13 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was down 10.1% on a year-over-year basis. On average, analysts predict that Peregrine Semiconductor Corp will post $-0.53 earnings per share for the current fiscal year.

PSMI has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Peregrine Semiconductor Corp from $6.00 to $6.50 in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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.

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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