TriQuint Semiconductor CFO Sells $1,855,000 in Stock (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) CFO Steven J. Buhaly sold 100,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $18.55, for a total value of $1,855,000.00. Following the sale, the chief financial officer now directly owns 81,514 shares of the company’s stock, valued at approximately $1,512,085. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of TriQuint Semiconductor from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 31st. They now have a $23.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of TriQuint Semiconductor from $15.00 to $20.00 in a research note on Friday, July 25th. They now have a “hold” rating on the stock. Finally, 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, July 25th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $90.18.
TriQuint Semiconductor (NASDAQ:TQNT) traded down 2.47% during mid-day trading on Tuesday, hitting $18.17. 2,813,770 shares of the company’s stock traded hands. TriQuint Semiconductor has a 52-week low of $6.80 and a 52-week high of $18.86. The stock has a 50-day moving average of $16.7 and a 200-day moving average of $13.75. The company’s market cap is $3.177 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last announced its earnings results on Wednesday, July 23rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, analysts predict that TriQuint Semiconductor will post $0.65 earnings per share for the current fiscal year.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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