TriQuint Semiconductor Upgraded to Buy by Needham & Company (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) was upgraded by analysts at Needham & Company to a “buy” rating in a research report issued to clients and investors on Thursday, Analyst Ratings Network.com reports.
TriQuint Semiconductor (NASDAQ:TQNT) opened at 8.07 on Thursday. TriQuint Semiconductor has a one year low of $4.31 and a one year high of $9.05. The stock has a 50-day moving average of $8.34 and a 200-day moving average of $7.99. The company’s market cap is $1.296 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $267.70 million for the quarter, compared to the consensus estimate of $265.93 million. During the same quarter last year, the company posted $0.04 earnings per share. TriQuint Semiconductor’s revenue was up 14.6% compared to the same quarter last year. On average, analysts predict that TriQuint Semiconductor will post $0.06 earnings per share for the current fiscal year.
In other TriQuint Semiconductor news, VP Todd Debonis unloaded 8,000 shares of TriQuint Semiconductor stock on the open market in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $8.26, for a total value of $66,080.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of TriQuint Semiconductor in a research note to investors on Friday, January 17th. They now have a $9.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $8.13.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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