Insider Selling: Pericom Semiconductor Corp. VP Unloads 15,000 Shares of Stock (PSEM)
Pericom Semiconductor Corp. (NASDAQ:PSEM) VP Chi Hung Hui sold 15,000 shares of Pericom Semiconductor Corp. stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $10.19, for a total transaction of $152,850.00. Following the completion of the sale, the vice president now directly owns 751,527 shares of the company’s stock, valued at approximately $7,658,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Pericom Semiconductor Corp. (NASDAQ:PSEM) traded down 0.89% on Thursday, hitting $9.98. 53,289 shares of the company’s stock traded hands. Pericom Semiconductor Corp. has a 1-year low of $6.16 and a 1-year high of $10.48. The stock’s 50-day moving average is $9.16 and its 200-day moving average is $8.64. The company has a market cap of $219.0 million and a price-to-earnings ratio of 55.94.
Pericom Semiconductor Corp. (NASDAQ:PSEM) last posted its quarterly earnings results 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 in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts expect that Pericom Semiconductor Corp. will post $0.48 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Pericom Semiconductor Corp. to a “buy” rating in a research note on Friday, August 22nd. 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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