Pericom Semiconductor Corp. Raised to Buy at TheStreet (PSEM)
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 Corp. (NASDAQ:PSEM) traded up 0.11% on Friday, hitting $9.45. 11,832 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 $9.85. 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 $207.9 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 earnings per share for the quarter, beating the analysts’ 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.
In other Pericom Semiconductor Corp. news, Insider Kenneth Cheung sold 2,992 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $9.62, for a total value of $28,783.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
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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