Share on StockTwits

TriQuint Semiconductor (NASDAQ:TQNT) Director Nicolas Kauser unloaded 29,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $16.10, for a total value of $466,900.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $805,000. The sale was disclosed in a legal filing with the SEC, which is available at this link.

TriQuint Semiconductor (NASDAQ:TQNT) traded up 1.70% on Monday, hitting $16.16. 2,458,688 shares of the company’s stock traded hands. TriQuint Semiconductor has a 1-year low of $6.66 and a 1-year high of $16.28. The stock’s 50-day moving average is $14.7 and its 200-day moving average is $11.22. The company’s market cap is $2.769 billion.

TriQuint Semiconductor (NASDAQ:TQNT) last posted its quarterly earnings results 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.

A number of analysts have recently weighed in on TQNT shares. Analysts at Zacks reiterated a “neutral” rating on shares of TriQuint Semiconductor in a research note on Friday, May 2nd. They now have a $15.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of TriQuint Semiconductor from $14.00 to $15.00 in a research note on Wednesday, April 30th. They now have a “market perform” rating on the stock. Finally, analysts at DA Davidson upgraded shares of TriQuint Semiconductor from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 30th. They now have a $18.00 price target on the stock, up previously from $14.00. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $79.84.

TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.