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PMC - Sierra, Inc. (PMCS)

- NASDAQ
  • Jan. 3, 2012, 9:39 AM
    Goldman Sachs slaps Sell ratings on Intersil (ISIL -0.2%) due to "structural challenges" and Microchip Tech (MCHP -0.6%) because of its failure to grow its microcontroller share or earnings ahead of peers during the past two years. Goldman also cuts SanDisk (SNDK -1.7%) and PMC-Sierra (PMCS +1.1%) to Neutral, while raising Atmel (ATML +3.8%) and Altera (ALTR +3%) to Buy.
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  • Dec. 21, 2011, 1:30 PM
    Broadcom (BRCM) introduces what it claims is the first 40-gig transceiver chip for long-haul optical networks to be made with regular silicon (CMOS). As SemiAccurate notes, rival products are typically made using more costly, power-hungry materials. Broadcom has recently been stepping up its efforts to compete with the likes of AMCC and PMCS in the growing market for 40G networking chips.
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  • Nov. 10, 2011, 9:58 AM
    Jefferies' Mark Lipacis thinks Cisco's (CSCO +5.9%) FQ1 report (I, II, III) is a positive for the networking giant's chip suppliers, arguing Cisco and others are primed to rebuild chip inventories in 1H 2012 after slashing them this fall. Names Lipacis likes: BRCM, MRVL, AVGO, ALTR, IPHI, PMCS, ONNN, TXN.
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  • Oct. 28, 2011, 12:02 PM
    JPMorgan downgrades PMC-Sierra (PMCS -10.2%) to Neutral following a mixed Q3 report, criticizing PMC’s inability to drive faster growth: New product areas "have yet to generate meaningful revenues. Moreover, Q4 guidance suggests 20% turns business (normal turns rate) in a tough demand environment, which suggests that Q4 guidance may not be conservative enough."
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  • Oct. 27, 2011, 4:34 PM
    PMC-Sierra (PMCS): Q3 EPS of $0.18 beats by $0.01. Revenue of $173M (+1% Y/Y) misses by $3M. (PR)
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  • Oct. 27, 2011, 12:10 AM
    Notable earnings after Thursday's close: AMD, CBG, CERN, CINF, CLD, CLF, CROX, CSTR, DDR, DECK, DPL. EMN, ERTS, EXPE, FII, GILD, HIW, HLS, IM, KEG, KLAC, LEG, LVS, MET, MMI, NCR, NETL, NLY, PFG, PMCS, QLGC, QLIK, RGC, RSG, SWN, UHS, VAR, VRSN, VRTX.
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  • Oct. 4, 2011, 10:00 AM
    A day after rival Vitesse (VTSS) cut its guidance, Mindspeed (MSPD -2%) does the same, though its cut is more modest. Mindspeed expects FQ4 revenue of $40.5M, below prior guidance of $42.2M-$43.9M, and attributes the shortfall to weakening demand in the communications infrastructure market. Will competitors AMCC and PMCS warn next?
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  • Oct. 3, 2011, 9:13 AM
    Vitesse Semiconductor (VTSS) becomes the latest chipmaker to cut its guidance, warning FQ4 revenues will be in a range of $29M-$30.5M, compared with a prior forecast of $35M-$38M. Vitesse primarily blames the cut on customer inventory reductions and economic fears. Rivals AMCC, MSPD, and PMCS haven't yet warned.
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  • Sep. 12, 2011, 11:13 AM
    In addition to Cavium (CAVM +4.5% - previously), several other network processor vendors are up following Broadcom's (BRCM -2.3%) buyout of NetLogic (NETL +50.2%), as the deal raises hopes of further moves from big-name chipmakers. EZCH +6.5%. IPHI +7%. MLNX +3.1%. MRVL +2.1%. AMCC +1.3%. PMCS +1.2%.
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  • Sep. 12, 2011, 7:33 AM
    Broadcom (BRCM) agrees to buy NetLogic Microsystems (NETL) for $3.7B in a definitive merger agreement expected to close in the first half of 2012. The firm calls the deal a "strategic fit" that should deliver financial results. Rivals in the space potentially seeing interest: LSI, CAVM, MRVL, VTSS, FSL, PMCS, AMCC.
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  • Aug. 11, 2011, 10:06 AM
    Networking and telecom hardware vendors, and the component suppliers who service them, are joining Cisco (CSCO +16.2%) in strongly outperforming the NASDAQ. JNPR +4.8%. JDSU +6.3%. CAVM +9.6%. NETL +7.4%. APKT +6.6%. PMCS +4.5%. OPLK +4.9%. ALU +3.2%. FFIV +3.5%. BRCD +4.7%.
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  • Jul. 21, 2011, 4:19 PM
    PMC - Sierra (PMCS): Q2 EPS of $0.17 beats by $0.03. Revenue of $171.1M (+6.4% Y/Y). Shares +3.1% AH.(PR)
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  • Jul. 21, 2011, 12:10 AM
    Notable earnings after Thursday's close: AMD, BLUD, CB, CBI, CPWR, FLEX, HGSI, INFA, KSU, MSFT, NCR, PBCT, PLCM, PMCS, RMBS, RRR, SNDK, SWKS, WDC
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  • Apr. 28, 2011, 4:55 PM
    PMC-Sierra (PMCS): Q1 EPS of $0.13 beats by $0.01. Revenue of $157M (+3% Y/Y) beats by $2M. Shares +6.7% AH. (PR)
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  • Apr. 28, 2011, 12:10 AM
    Notable earnings after Thursday close: AEM, AMKR, ARBA, BEXP, CAVM, CBL, CLF, CROX, CSTR, DECK, DOX, EMN, EXPE, GSIC, HLIT, IM, KEG, KLAC, LEG, MMI, MSFT, MTW, MWW, NCR, PMCS, RGC, RMD, RSG, SBAC, SWKS, SWN, TSO, VRSN, VSEA, WFR
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  • Jan. 28, 2011, 3:58 PM
    Chipmaker PMC-Sierra (PMCS) tumbles -12.9% after failing to meet Q4 profit expectations and offering a disappointing Q1 revenue forecast. PMC's woes may be having a ripple effect on other chipmakers, such as LSI Corp. (LSI -1.4%), Broadcom (BRCM -4%), and Qualcomm (QCOM -2%).
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Company Description
PMC-Sierra Incdesigns, develops, markets and supports semiconductor, embedded software, and board level solutions by integrating its mixed-signal, software and systems expertise through a network of offices in North America, Europe and Asia.