TriQuint Semiconductor Stock Rating Reaffirmed by Zacks (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT)‘s stock had its “neutral” rating reiterated by Zacks in a report released on Friday, American Banking and Market News reports. They currently have a $9.00 price objective on the stock. Zacks‘ price target indicates a potential upside of 5.63% from the stock’s previous close.
Zacks‘ analyst wrote, “TriQuint reported strong third quarter 2013 results with healthy year-over-year increases in both revenues and earnings due to a strong mobile demand that led to improved factory utilization. TriQuint is one of the leading players in the handset market, and new users and applications are further creating a lucrative growth opportunity for the company. TriQuint has restructured its factories and also aligned its mobile product strategy around premium filters, high-efficiency amplifiers, and densely integrated solutions. However an increased competitive pressure is likely to impair its long-term profitability to some extent. We maintain our long-term Neutral recommendation for the stock as we anticipate it to perform in line with the broader market. “
In other TriQuint Semiconductor news, VP Todd Debonis sold 12,000 shares of the stock on the open market in a transaction dated Monday, January 13th. The shares were sold at an average price of $8.22, for a total transaction of $98,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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, October 24th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $8.13.
Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded up 3.53% on Friday, hitting $8.821. The stock had a trading volume of 1,709,374 shares. TriQuint Semiconductor has a 52-week low of $4.31 and a 52-week high of $8.98. The stock has a 50-day moving average of $8.18 and a 200-day moving average of $7.84. The company’s market cap is $1.417 billion.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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