TriQuint Semiconductor Given New $15.00 Price Target at BMO Capital Markets (TQNT)
Research analysts at BMO Capital Markets upped their target price on shares of TriQuint Semiconductor (NASDAQ:TQNT) from $14.00 to $15.00 in a report released on Wednesday, ARN reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 10.86% from the stock’s previous close.
In other TriQuint Semiconductor news, Director C Scott Gibson sold 117,552 shares of TriQuint Semiconductor stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $13.46, for a total transaction of $1,582,249.92. Following the completion of the transaction, the director now directly owns 6,350 shares in the company, valued at approximately $85,471. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
TriQuint Semiconductor (NASDAQ:TQNT) traded up 5.69% on Wednesday, hitting $14.30. 3,460,183 shares of the company’s stock traded hands. TriQuint Semiconductor has a 52-week low of $5.72 and a 52-week high of $14.50. The stock has a 50-day moving average of $13.2 and a 200-day moving average of $9.8. The company’s market cap is $2.342 billion. TriQuint Semiconductor also was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 6,643,115 shares, a decrease of 23.3% from the March 31st total of 8,662,031 shares. Based on an average daily trading volume, of 4,370,861 shares, the short-interest ratio is currently 1.5 days. Approximately 4.1% of the company’s stock are short sold.
TriQuint Semiconductor (NASDAQ:TQNT) last released its earnings data on Wednesday, April 23rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.05. The company had revenue of $177.60 million for the quarter, compared to the consensus estimate of $176.22 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Analysts expect that TriQuint Semiconductor will post $0.52 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at DA Davidson upgraded shares of TriQuint Semiconductor from a “neutral” rating to a “buy” rating in a research note on Wednesday. They now have a $18.00 price target on the stock, up previously from $14.00. Separately, analysts at Brean Capital raised their price target on shares of TriQuint Semiconductor from $16.00 to $20.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of TriQuint Semiconductor from $13.00 to $15.00 in a research note on Thursday, April 24th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $79.25.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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