Insider Selling: Todd Debonis Sells 12,000 Shares of TriQuint Semiconductor Stock (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) VP Todd Debonis sold 12,000 shares of the stock on the open market in a transaction dated Monday, October 7th. The shares were sold at an average price of $8.50, for a total transaction of $102,000.00. Following the completion of the transaction, the vice president now directly owns 6,580 shares of the company’s stock, valued at approximately $55,930. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded down 1.89% during mid-day trading on Tuesday, hitting $8.32. The stock had a trading volume of 2,129,350 shares. TriQuint Semiconductor has a 1-year low of $4.30 and a 1-year high of $8.68. The stock has a 50-day moving average of $7.96 and a 200-day moving average of $6.8. The company’s market cap is $1.302 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last announced its earnings results 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 prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis.
A number of research firms have recently commented on TQNT. Analysts at Raymond James downgraded shares of TriQuint Semiconductor 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 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 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, four have given a hold rating and two have assigned a buy rating to the company. TriQuint Semiconductor currently has a consensus rating of “Hold” and a consensus price target of $7.88.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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