TriQuint Semiconductor (TQNT) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS
TriQuint Semiconductor (NASDAQ:TQNT) released its earnings data on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.06, American Banking & Market News reports. The company had revenue of $230.80 million for the quarter, compared to the consensus estimate of $218.61 million.
TriQuint Semiconductor (NASDAQ:TQNT) traded down 3.09% on Wednesday, hitting $17.23. The stock had a trading volume of 3,073,098 shares. TriQuint Semiconductor has a 52 week low of $6.72 and a 52 week high of $18.00. The stock’s 50-day moving average is $16.19 and its 200-day moving average is $13.07. The company’s market cap is $2.952 billion.
A number of research firms have recently commented on TQNT. Analysts at Barclays raised their price target on shares of TriQuint Semiconductor from $13.00 to $16.00 in a research note on Tuesday, July 15th. They now have an “equal weight” rating on the stock. On the ratings front, 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. Finally, 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $80.11.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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