Benchmark Downgrades PMC-Sierra (PMCS) to Hold
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Wedbush Downgrades PMC-Sierra (PMCS) to Neutral Amid Takeover
October 7, 2015 12:39 PM EDTWedbush downgraded PMC-Sierra (NASDAQ: PMCS) from Outperform to Neutral with a price target of $10.50 (from $9.00) after Skyworks agreed to acquire the company in an all-cash transaction valued at $10.50 a share.
For an analyst ratings summary and ratings history on PMC-Sierra... More
Skyworks Solutions (SWKS) to Acquire PMC-Sierra (PMCS) in $2B Deal
October 5, 2015 10:23 PM EDTSkyworks Solutions, Inc. (NASDAQ: SWKS) and PMC-Sierra, Inc. (PMC) (NASDAQ: PMCS) announced a definitive agreement under which Skyworks will acquire PMC for $10.50 per share in an all-cash transaction valued at approximately $2 billion. This acquisition solidifies Skyworks position as a highly diversified analog, RF and mixed signal semiconductor leader by significantly expanding its product portfolio, customer base and end market applications. Upon completion of the acquisition, Skyworks expects annual revenues of more than $4 billion with gross margin in the 55 percent range and operating margin exceeding 40 percent.
With our... More
