This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"PMC-Sierra (PMCS) -- our top pick for 2011 -- develops semiconductor system solutions for advanced communications," notes Daniel Frishberg.

The editor of The MoneyMan Report explains, "This choice is based on our forecast is for accelerating growth in the U.S. along with powerful growth sustained in developing markets. In our view, this should lead to rapid acceleration in PMCS' stock price.

Continue reading Top Picks 2011: PMC-Sierra (PMCS)

Top Picks 2011: PMC-Sierra (PMCS) originally appeared on BloggingStocks on Sat, 08 Jan 2011 09:00:00 EST. Please see our terms for use of feeds.

This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"PMC-Sierra (PMCS) is a top speculative investment for the coming year," says tech sector specialist Paul McWilliams. Incidentally, Paul's selection of EZChip in last year's Top Picks report rose 135%.

Regarding his new top pick, the editor of Next Inning says, "PMC Sierra is a leader in integrating more functions into a single chip.

Continue reading Top Picks 2011: PMC-Sierra (PMCS)

Top Picks 2011: PMC-Sierra (PMCS) originally appeared on BloggingStocks on Mon, 27 Dec 2010 11:00:00 EST. Please see our terms for use of feeds.

This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

"PMC Sierra (PMCS), my top pick for 2010, was a high-flying star during the telecom boom of 1999-2000, but crashed as the bubble of demand burst in 2001," notes Marcie Wilmot.

The contributing editor to Next Inning, a tech-savvy newsletter, suggests, "While it was rough sailing for PMCS after this crash, the company re-cast its business and operating models and is now successfully focusing on high-growth markets where it could leverage its core differentiation.

Continue reading Top Picks for 2010: PMC Sierra (PMCS)

Top Picks for 2010: PMC Sierra (PMCS) originally appeared on BloggingStocks on Sat, 09 Jan 2010 15:00:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Jefferies upgraded shares of Constellation Energy (NYSE: CEG) to Buy from Hold and raised its target to $26.50 from $25 on valuation as they believe MidAmerican Energy will consummate the merger. The firm points out shares are trading at a 14% discount to the $26.50 offer.
  
• Merriman upgraded Denny's Corp. (NASDAQ: DENN) to Buy from Neutral as they believe the company's restructuring and successful menu and food cost management should stabilize operating margins.
  
• Daimler (NYSE: DAI) was upgraded at Merrill to Buy from Neutral on valuation as they believe the stock is oversold at current levels.
• Taiwan Semi (NYSE: TSM) was upgraded to Overweight from Neutral at HSBC.
  
• Veolia Environnement (NYSE: VE) was lifted to Neutral from Underperform at Credit Suisse.
  
• Goldman raised PMC Sierra (NASDAQ: PMCS) to Buy from Neutral.

Analyst downgrades:

Continue reading Analyst calls: RIMM, NYX, NDAQ, PMCS, DENN, DAI . . .

Analyst calls: RIMM, NYX, NDAQ, PMCS, DENN, DAI . . . originally appeared on BloggingStocks on Wed, 29 Oct 2008 12:05:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Banc of America upgraded the Semiconductor Sector to Overweight from Market Weight citing indications of a bottom given earnings estimate revision momentum and supply chain inventory levels. The firm upgraded Intel (NASDAQ:INTC), Power Integrations (NASDAQ:POWI) and Semtech (NASDAQ:SMTC) to Buy from Neutral and PMC Sierra (NASDAQ:PMCS) and LSI Corp (NYSE:LSI) to Neutral from Sell.
  
• Deutsche Bank upgraded shares of ADC Telecomm (NASDAQ:ADCT) to Buy from Hold as they believe April consensus estimates could prove conservative.
  
• UBS raised Nationwide Financial (NYSE::NFS) to Buy from Neutral and believes a higher offer by Nationwide Mutual is likely.

• Halliburton (NYSE:HAL) was upgraded to Buy from Neutral at Goldman.
  
• Westlate Chemical (NYSE:WLK) was raised to Overweight from Equal Weight at Morgan Stanley.

Analyst upgrades: Semiconductors, ADCT and NFS originally appeared on BloggingStocks on Thu, 10 Apr 2008 11:01:00 EST. Please see our terms for use of feeds.

An important measure of the worth of a firm is the recognition it receives for service and support. There is a Santa Clara, California chip maker that regularly receives awards in that arena from the best possible sources.....its customers.

PMC-Sierra (NASDAQ: PMCS) provides broadband communications and storage semiconductors for the communications service provider, storage, and enterprise markets. Its switches, mappers, multiplexers, and other chips handle various protocols, including Ethernet, voice over Internet, and asynchronous transfer mode. Major customers include Alcatel-Lucent (NYSE: ALU), Cisco Systems (NASDAQ: CSCO), EMC (NYSE: EMC) and Hewlett-Packard (NYSE: HPQ). PMC-Sierra offers worldwide technical and sales support, including a network of offices throughout North America, Europe, Israel and Asia.

The firm surprised investors last week, when it said that it was undertaking a corporate restructuring that was expected to reduce ongoing annualized operating expenses by an estimated $20-$24 million per year. That led management to predict that Q1 revenues would ultimately fall between the middle and the high end of the previously announced $98-$105 million guidance range. On average, the Street had been expecting $101.99 million. UBS and Stifel Nicolaus subsequently reiterated "buy" ratings on the issue and declared price targets in the $9-$10 range. PMCS shares broke through concentrated moving average resistance on the news and have since been defining a bullish "pennant" consolidation pattern. Prices frequently exit pennants moving in the same direction they were traveling when they entered them. In this case, that would be to the upside.

Altogether, brokers recommend the issue with one "strong buy," three "buys," ten "holds" and one "sell." Analysts see a 100% growth rate, through the next year. The PMCS Price to Sales ratio (3.50), Price to Book ratio (2.57) and Sales Growth rate (31.41%) compare favorably with industry, sector and S&P 500 averages.

Institutional investors hold about 94% of the outstanding shares. The stock is one of those used to calculate the S&P 500 Index. Over the past 52 weeks, it has traded between $4.78 and $13.77. A stop-loss of $6.10 looks good here. Note that the firm is expected to report Q1 earnings on April 25th, after the close.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.

PMC-Sierra: Quality semiconductor devices, backed by first-class service originally appeared on BloggingStocks on Wed, 04 Apr 2007 16:17:00 EST. Please see our terms for use of feeds.

Companies start to believe their own PR hype. Investors push a stock past logical limits. A company seems about to break down or break out. These are just a few things that can signal a stock with attitude. And... that attitude can be good or bad for the stock price, since attitude always catches up with reality. At least on Wall Street, that is.

Continue reading Stocks with attitude: BRCM, QCOM, CSCO, CY, QLGC, PMCS, JNPR

Stocks with attitude: BRCM, QCOM, CSCO, CY, QLGC, PMCS, JNPR originally appeared on BloggingStocks on Mon, 29 Jan 2007 09:03:00 EST. Please see our terms for use of feeds.

PMC-Sierra misses and semis look weak originally appeared on BloggingStocks on Thu, 21 Dec 2006 10:21:00 EST. Please see our terms for use of feeds.