Equities research analysts at ThinkEquity started coverage on shares of Pericom Semiconductor (NASDAQ: PSEM) in a research note issued to investors on Wednesday. The firm set a “buy” rating on the stock.
Pericom Semiconductor traded down 1.77% on Wednesday, hitting $7.77. Pericom Semiconductor has a 1-year low of $6.57 and a 1-year high of $10.57. The company has a market cap of $183.5 million and a price-to-earnings ratio of 155.10.
Pericom Semiconductor last released its earnings data on Tuesday, May 1st. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.06. Pericom Semiconductor’s revenue was down 15.6% compared to the same quarter last year. Analysts expect that Pericom Semiconductor will post $0.06 EPS next quarter.
Pericom Semiconductor Corporation (Pericom) designs, develops and markets high-performance integrated circuits (ICs) and frequency control products (FCPs) used in advanced electronic systems.