Insider Selling: C Scott Gibson Sells 5,611 Shares of TriQuint Semiconductor Stock (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) Director C Scott Gibson unloaded 5,611 shares of TriQuint Semiconductor stock on the open market in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $7.13, for a total value of $40,006.43. Following the transaction, the director now directly owns 42,332 shares of the company’s stock, valued at approximately $301,827. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on TQNT shares. Analysts at Zacks downgraded shares of TriQuint Semiconductor from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $7.50 price target on the stock. Separately, analysts at Charter Equity downgraded shares of TriQuint Semiconductor from a “buy” rating to a “market perform” rating in a research note to investors on Thursday. Finally, 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. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.30.
TriQuint Semiconductor (NASDAQ:TQNT) traded up 1.06% during mid-day trading on Friday, hitting $7.165. The stock had a trading volume of 4,303,543 shares. TriQuint Semiconductor has a one year low of $4.30 and a one 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 $1.121 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters 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.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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