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Pericom Semiconductor Corp. (NASDAQ:PSEM) Insider Kenneth Cheung sold 2,992 shares of Pericom Semiconductor Corp. stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $9.62, for a total transaction of $28,783.04. Following the transaction, the insider now directly owns 13,076 shares in the company, valued at approximately $125,791. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Pericom Semiconductor Corp. (NASDAQ:PSEM) opened at 9.44 on Friday. Pericom Semiconductor Corp. has a 52-week low of $6.16 and a 52-week high of $9.85. The stock has a 50-day moving average of $9.05 and a 200-day moving average of $8.55. The company has a market cap of $207.7 million and a price-to-earnings ratio of 52.44.

Pericom Semiconductor Corp. (NASDAQ:PSEM) last released its earnings data on Wednesday, August 6th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.02. The company had revenue of $32.70 million for the quarter, compared to the consensus estimate of $32.50 million. During the same quarter last year, the company posted $0.07 earnings per share. Pericom Semiconductor Corp.’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Pericom Semiconductor Corp. will post $0.48 earnings per share for the current fiscal year.

Separately, analysts at Zacks downgraded shares of Pericom Semiconductor Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $10.30 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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