Peregrine Semiconductor (PSMI) Jumps: Stock Moves 9.3% Higher

Zacks

Peregrine Semiconductor Corporation (PSMI) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now down 9.39% in the past one month time frame.

None of the estimates for this semiconductor industry stock were revised over the past 30 days. The Zacks Consensus Estimate hasn’t been in trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Peregrine Semiconductor carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.  

However, some better-ranked stocks in the same industry include Applied Micro Circuits Corporation (AMCC), PLX Technology Inc. (PLXT) and Rambus Inc. (RMBS). All these stocks sport a Zacks Rank #1 (Strong Buy).

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PEREGRINE SEMICONDUCTOR CORP (PSMI): Free Stock Analysis Report

APPLIED MICRO CIRCUITS CORP (AMCC): Free Stock Analysis Report

PLX TECHNOLOGY INC (PLXT): Free Stock Analysis Report

RAMBUS INC (RMBS): Free Stock Analysis Report


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