Insider Selling: Todd Debonis Unloads 12,000 Shares of TriQuint Semiconductor Stock (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) VP Todd Debonis sold 12,000 shares of TriQuint Semiconductor stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $7.89, for a total value of $94,680.00. Following the completion of the sale, the vice president now directly owns 6,580 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Raymond James downgraded shares of TriQuint Semiconductor (NASDAQ:TQNT) from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday, August 22nd. Separately, analysts at Zacks upgraded shares of TriQuint Semiconductor (NASDAQ:TQNT) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 30th. They now have a $9.50 price target on the stock. Finally, analysts at Northland Capital Partners raised their price target on shares of TriQuint Semiconductor (NASDAQ:TQNT) from $5.50 to $9.00 in a research note to investors on Thursday, July 25th.
One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $7.50.
TriQuint Semiconductor (NASDAQ:TQNT) traded up 0.75% during mid-day trading on Wednesday, hitting $8.05. 1,485,563 shares of the company’s stock traded hands. TriQuint Semiconductor has a 52 week low of $4.30 and a 52 week high of $8.29. The stock has a 50-day moving average of $7.76 and a 200-day moving average of $6.34. The company’s market cap is $1.260 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last released its earnings data on Wednesday, July 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. The company had revenue of $190.10 million for the quarter, compared to the consensus estimate of $187.97 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that TriQuint Semiconductor will post $0.05 EPS for the current fiscal year.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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