PMC-Sierra VP Sells $195,425 in Stock (PMCS)
PMC-Sierra (NASDAQ:PMCS) VP Travis Karr sold 26,881 shares of the stock on the open market in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $7.27, for a total transaction of $195,424.87. Following the sale, the vice president now directly owns 172,051 shares in the company, valued at approximately $1,250,811. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
PMC-Sierra (NASDAQ:PMCS) traded up 0.82% on Friday, hitting $7.38. 481,176 shares of the company’s stock traded hands. PMC-Sierra has a 52-week low of $5.60 and a 52-week high of $7.85. The stock has a 50-day moving average of $7. and a 200-day moving average of $7.27. The company’s market cap is $1.451 billion.
PMC-Sierra (NASDAQ:PMCS) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.01. The company had revenue of $126.80 million for the quarter, compared to the consensus estimate of $125.06 million. During the same quarter last year, the company posted $0.08 earnings per share. PMC-Sierra’s revenue was down .6% compared to the same quarter last year. Analysts expect that PMC-Sierra will post $0.38 EPS for the current fiscal year.
A number of research firms have recently commented on PMCS. Analysts at JPMorgan Chase & Co. raised their price target on shares of PMC-Sierra from $7.00 to $7.75 in a research note on Friday, August 1st. They now have a “neutral” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of PMC-Sierra in a research note on Friday, August 1st. They now have a $7.00 price target on the stock.
PMC-Sierra, Inc, is a semiconductor innovator transforming networks that connect, move and store digital content.
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