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Shares of TriQuint Semiconductor (NASDAQ:TQNT) saw a significant drop in short interest during the month of June. As of June 13th, there was short interest totalling 3,868,952 shares, a drop of 16.3% from the May 30th total of 4,624,536 shares, AnalystRatingsNetwork reports. Based on an average daily volume of 2,496,749 shares, the days-to-cover ratio is presently 1.5 days. Currently, 2.3% of the shares of the company are sold short.

A number of research firms have recently commented on TQNT. 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. TriQuint Semiconductor has a consensus rating of “Hold” and an average target price of $79.84.

Shares of TriQuint Semiconductor (NASDAQ:TQNT) opened at 15.81 on Tuesday. TriQuint Semiconductor has a 52 week low of $6.72 and a 52 week high of $17.06. The stock’s 50-day moving average is $15.69 and its 200-day moving average is $12.21. The company’s market cap is $2.709 billion.

TriQuint Semiconductor (NASDAQ:TQNT) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.17) earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts predict that TriQuint Semiconductor will post $0.52 earnings per share for the current fiscal year.

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

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