TriQuint Semiconductor Given New $7.00 Price Target at Barclays (TQNT)
Analysts at Barclays increased their price objective on shares of TriQuint Semiconductor (NASDAQ:TQNT) from $5.00 to $7.00 in a research report issued to clients and investors on Tuesday, AmericanBankingNews.com reports. The firm currently has an “equal weight” rating on the stock. Barclays’ target price would suggest a potential downside of 17.65% from the company’s current price.
Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded down 1.41% during mid-day trading on Tuesday, hitting $8.38. 2,125,311 shares of the company’s stock traded hands. TriQuint Semiconductor has a 52-week low of $4.30 and a 52-week high of $8.68. The stock’s 50-day moving average is $8. and its 200-day moving average is $6.96. The company’s market cap is $1.312 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last posted its quarterly earnings results on Wednesday, July 24th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that TriQuint Semiconductor will post $0.05 earnings per share for the current fiscal year.
A number of other firms have also 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $7.70.
In other TriQuint Semiconductor news, VP Todd Debonis unloaded 12,000 shares of the stock on the open market in a transaction dated Monday, October 14th. The stock was sold at an average price of $8.41, for a total transaction of $100,920.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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