TriQuint Semiconductor PT Raised to $20.00 (TQNT)
Investment analysts at Canaccord Genuity hoisted their price objective on shares of TriQuint Semiconductor (NASDAQ:TQNT) from $15.00 to $20.00 in a note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 10.74% from the stock’s previous close.
TriQuint Semiconductor (NASDAQ:TQNT) traded up 3.50% on Friday, hitting $18.06. 6,286,062 shares of the company’s stock traded hands. TriQuint Semiconductor has a one year low of $6.80 and a one year high of $18.50. The stock’s 50-day moving average is $16.35 and its 200-day moving average is $13.2. The company’s market cap is $3.102 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last released its earnings data on Wednesday, July 23rd. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.06. The company had revenue of $230.80 million for the quarter, compared to the consensus estimate of $218.61 million. During the same quarter last year, the company posted ($0.07) earnings per share. TriQuint Semiconductor’s revenue was up 21.4% compared to the same quarter last year. Analysts expect that TriQuint Semiconductor will post $0.55 EPS for the current fiscal year.
TQNT has been the subject of a number of other recent research reports. Analysts at Brean Capital raised their price target on shares of TriQuint Semiconductor from $20.00 to $23.50 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at DA Davidson raised their price target on shares of TriQuint Semiconductor from $18.00 to $20.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Ascendiant Capital Markets raised their price target on shares of TriQuint Semiconductor from $16.00 to $20.00 in a research note on Thursday. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $82.07.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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