Raymond James Downgrades Pericom Semiconductor (PSEM) to Market Perform
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Sidoti Downgrades Pericom Semiconductor (PSEM) to Neutral
September 3, 2015 11:11 AM EDTSidoti downgraded Pericom Semiconductor (NASDAQ: PSEM) from Buy to Neutral with a price target of $17.00.
For an analyst ratings summary and ratings history on Pericom Semiconductor click here. For more ratings news on Pericom Semiconductor click here.
Shares of Pericom Semiconductor closed at $12.18 yesterday.
... MoreDiodes (DIOD) to Acquire Pericom Semi (PSEM) in $400M Cash Deal
September 3, 2015 9:01 AM EDT(Updated - September 3, 2015 9:03 AM EDT)
Diodes (NASDAQ: DIOD) and Pericom Semiconductor Corporation (NASDAQ: PSEM)announced that Diodes Incorporated and Pericom have entered into an Agreement and Plan of Merger that provides for the acquisition of Pericom by Diodes.
Highlights of the transaction include:
Combined trailing twelve months ("TTM") reported revenue of approximately $1.0 billion and gross profit of approximately $337 million;Expected to be immediately accretive to Diodes' GAAP earnings per share;Strengthens Diodes' analog product offering and adds an extensive mixed-signal connectivity... More