TriQuint Semiconductor Inc. (TQNT) Updates Q4 Earnings Guidance
TriQuint Semiconductor Inc. (NASDAQ:TQNT) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.12 and $0.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.19, Analyst Ratings News reports. The company issued revenue guidance of $260-270 million, compared to the consensus revenue estimate of $280.59 million.
TriQuint Semiconductor Inc. (NASDAQ:TQNT) traded down 7.05% during mid-day trading on Wednesday, hitting $8.31. The stock had a trading volume of 5,784,090 shares. TriQuint Semiconductor Inc. has a 1-year low of $4.30 and a 1-year high of $8.29. The stock’s 50-day moving average is $7.82 and its 200-day moving average is $6.39. The company’s market cap is $1.301 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.06. The company had revenue of $250.80 million for the quarter, compared to the consensus estimate of $250.10 million. During the same quarter last year, the company posted $0.02 earnings per share. TriQuint Semiconductor’s revenue was up 24.9% compared to the same quarter last year. On average, analysts predict that TriQuint Semiconductor Inc. will post $0.05 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TQNT shares. Analysts at Barclays raised their price target on shares of TriQuint Semiconductor from $5.00 to $7.00 in a research note to investors on Tuesday, October 15th. They now have an equal weight rating on the stock. On a related note, 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. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $7.70.
In other TriQuint Semiconductor news, VP Todd Debonis sold 12,000 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $8.62, for a total value of $103,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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