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Shares of Peregrine Semiconductor Corp (NASDAQ:PSMI) reached a new 52-week high during trading on Friday , Stock Ratings Network reports. The company traded as high as $12.43 and last traded at $12.35, with a volume of 9,324,327 shares trading hands. The stock had previously closed at $7.69.

PSMI has been the subject of a number of recent research reports. Analysts at RBC Capital downgraded shares of Peregrine Semiconductor Corp from an “outperform” rating to a “sector perform” rating in a research note on Friday. Separately, analysts at Pacific Crest reiterated a “sector perform” rating on shares of Peregrine Semiconductor Corp in a research note on Thursday, August 7th. Finally, 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, July 29th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Peregrine Semiconductor Corp currently has a consensus rating of “Hold” and an average price target of $8.81.

The stock has a 50-day moving average of $6.94 and a 200-day moving average of $6.39. The company’s market cap is $414.0 million.

Peregrine Semiconductor Corp (NASDAQ:PSMI) last released its earnings data on Monday, July 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. Analysts expect that Peregrine Semiconductor Corp will post $-0.51 EPS for the current fiscal year.

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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