Microsemi said that buying PMC would lead to about $100 million in cost savings and add 60 cents to its earnings per share in the first full year.
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Losing a bidding war doesn’t look good, but on the other hand, PMC-Sierra really might not have been worth much more to Skyworks.
PMCS and Pmc-sierra Incorporated stock and share performance over the last 6 months. The semiconductor manufacturer reported $1.52 EPS for the quarter, meeting analysts’ consensus estimates of $1.52. This represents a 0.356% difference between analyst expectations and the Skyworks Solutions Incorporated achieved in its quarterly earnings.
We’ve also learned that Pmc-sierra Incorporated will report its next earnings on February 4, 2016. The earnings report after that one will be on May 5, 2016, and the report for the fiscal year will be made available on November 3, 2016. The company has a 50-day moving average price of $79.12 and a 200-day moving average price of $91.73.
On Tuesday, November 10th, Mark V.B. Tremallo sold 11,700 shares of Skyworks Solutions stock. Skyworks Solutions has a 12 month low of $64.03 and a 12 month high of $112.88.
Skyworks Solutions (NASDAQ:SWKS) VP Mark V.B. Tremallo sold 5,900 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, November 17th. Skyworks Solutions now has an average rating of “Buy” and a consensus price target of $113.10.
The bigger question, is, of course, can (NASDAQ:SWKS) hit expected sales that analysts think it should get?
PMC-Sierra, Inc., is a semiconductor innovator transforming networks that connect, move and store digital content. The Company designs, develops, markets and supports semiconductor solutions by integrating its mixed-signal, software and systems through a network of offices in North America, Europe and Asia. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
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Santa Clara, CA-based PMC-Sierra is a leading provider of high-speed broadband communications and storage semiconductors.
