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Enter Symbol:
 
Pmc - Sierra, Inc. (PMCS) [hlAlert]

Rating:
Overweight
PMCS
down 32.51 %

Pmc - Sierra, Inc. (PMCS) rated Overweight by JP Morgan

Posted on: Thursday,  Oct 1, 2009  10:25 AM ET by JP Morgan

JP Morgan rated Overweight Pmc - Sierra, Inc. (NASDAQ: PMCS) on 10/01/2009, when the stock price was $9.38.
Since then, Pmc - Sierra, Inc. has lost 32.52% as of 01/08/2016's recent price of $6.33.
If you would have followed this JP Morgan's recommendation on PMCS, you would have lost 32.51% of your investment in 2290 days.

PMC-Sierra, Inc. (PMC) designs, develops, markets and supports semiconductor solutions for the enterprise networking, wide area network infrastructure, and access network markets. The Company offers worldwide technical and sales support through a network of offices in North America, Europe and Asia. It has approximately 350 different semiconductor devices that are sold to equipment and design manufacturers, who in turn supply their equipment principally to service providers, carriers and enterprises globally. During the fiscal year ended December 28, 2008 (fiscal 2008), PMC?s revenues were derived approximately 50% from the access and wide area network markets, and 50% from the enterprise networking market.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/1/2009 10:25 AM Buy
None
9.38
as of 12/31/2009
1 Week up  1.40 %
1 Month up  9.58 %
3 Months down  -7.35 %
1 YTD down  -7.35 %

(*) Stock Price at the time of the recommendation.
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