TriQuint Semiconductor Director Sells $180,900 in Stock (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) Director Steven Sharp sold 10,000 shares of the stock on the open market in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $18.09, for a total value of $180,900.00. Following the completion of the transaction, the director now directly owns 58,948 shares in the company, valued at approximately $1,066,369. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on TQNT. 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 given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $90.18.
Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded up 1.32% during mid-day trading on Monday, hitting $18.40. 2,797,335 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 $16.98 and its 200-day moving average is $14.02. The company’s market cap is $3.217 billion. TriQuint Semiconductor also saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 5,724,091 shares, a growth of 34.4% from the July 15th total of 4,259,787 shares. Based on an average trading volume of 5,001,758 shares, the short-interest ratio is presently 1.1 days. Approximately 3.4% of the company’s shares are short sold.
TriQuint Semiconductor (NASDAQ:TQNT) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.13 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.