Market Overview

UPDATE: JP Morgan Initiates Peregrine Semiconductor at Overweight with $21 PT on Smartphone Growth

Kyle Bass Exits Facebook, Ups General Motors Holdings
The Top 25 Analysts On Wall Street

JP Morgan initiated its coverage on Peregrine Semiconductor (NASDAQ: PSMI) with an Overweight rating and a price target of $21 a share.

JP Morgan commented, "We believe the company is benefitting from the rapid growth in 3G/4G smartphones and tablets, as well as steady growth in wireless infrastructure, automotive, and broadband verticals. Additionally, we believe increasing RF complexity (increasing number of frequency bands, multiple antennas per device, etc) combined with the company's aggressive product roadmap should enable PSMI to capture more dollar content per device, providing upside to our estimates and driving the stock higher."

Peregrine Semiconductor closed at $15.90 on Friday.

Latest Ratings for PSMI

Aug 2014RBC CapitalDowngradesOutperformSector Perform
May 2014Canaccord GenuityMaintainsHold
May 2014JP MorganMaintainsNeutral

View More Analyst Ratings for PSMI
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Initiation Pre-Market Outlook Analyst Ratings


Related Articles (PSMI)

View Comments and Join the Discussion!