Peregrine Semiconductor Corp Receives Consensus Rating of “Hold” from Brokerages (NASDAQ:PSMI)
Peregrine Semiconductor Corp (NASDAQ:PSMI) has received an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, American Banking News.com reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $8.81.
Shares of Peregrine Semiconductor Corp (NASDAQ:PSMI) opened at 12.45 on Friday. Peregrine Semiconductor Corp has a 52 week low of $4.75 and a 52 week high of $12.89. The stock’s 50-day moving average is $8.39 and its 200-day moving average is $6.85. The company’s market cap is $416.2 million.
Peregrine Semiconductor Corp (NASDAQ:PSMI) last released its earnings data on Monday, July 28th. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was down 10.1% on a year-over-year basis. On average, analysts predict that Peregrine Semiconductor Corp will post $-0.51 earnings per share for the current fiscal year.
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, August 22nd. 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.
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.
Receive News & Ratings for Peregrine Semiconductor Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peregrine Semiconductor Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.