Insider Bets Paying Off At PSMI As New 52-Week High Reached

In trading on Friday, shares of Peregrine Semiconductor Corp (PSMI) touched a new 52-week high of $12.43/share. That's a 161.68% rise, or $7.68 per share from the 52-week low of $4.75 set back on 02/04/2014. That means at today's intraday high, any investor who purchased PSMI stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, PSMI has seen 2 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
02/20/2014 Jay Biskupski Chief Financial Officer 3,000 $5.45 $16,340.00
02/21/2014 Elton Sherwin Director 35,000 $5.72 $200,100.00
02/24/2014 Paul N. D'addario Director 15,000 $5.90 $88,500.00
02/20/2014 Paul N. D'addario Director 14,900 $5.50 $81,950.00

The chart below shows where PSMI has traded over the past year, with the 50-day and 200-day moving averages included.

Peregrine Semiconductor Corp Moving Averages Chart

In afternoon trading on Friday, PSMI shares are changing hands at $12.36/share, slightly below the new 52-week high.

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