Insider Selling: Steven Sharp Sells 10,000 Shares of TriQuint Semiconductor Stock (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) Director Steven Sharp unloaded 10,000 shares of TriQuint Semiconductor stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $18.39, for a total transaction of $183,900.00. Following the transaction, the director now directly owns 58,948 shares in the company, valued at approximately $1,084,054. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $90.18.
Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded down 3.84% on Thursday, hitting $17.80. 3,452,115 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’s 50-day moving average is $16.82 and its 200-day moving average is $13.8. The company’s market cap is $3.112 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last posted its quarterly earnings results 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. 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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