Needham & Company Starts Peregrine Semiconductor (PSMI) at Buy; Leader in High Throw Count Switches

Needham & Company initiates coverage on Peregrine Semiconductor (NASDAQ: PSMI) with a Buy. PT $22.00.

Analyst, N. Quinn Bolton, said, "Peregrine is a leading fabless supplier of high performance radio frequency (RF) integrated circuits (RFICs). Peregrine’s solutions leverage the company’s proprietary UltraCMOS manufacturing process technology that enables the monolithic integration of RF, mixed-signal and digital circuit elements on a single chip, and this has proven advantageous over GaAs pHEMT and silicon-in-insulator (SOI) technologies."

For an analyst ratings summary and ratings history on Peregrine Semiconductor click here. For more ratings news on Peregrine Semiconductor click here.

Shares of Peregrine Semiconductor closed at $15.90 yesterday.

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