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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 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.

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