Short Interest in TriQuint Semiconductor Rises By 34.4% (TQNT)
Shares of TriQuint Semiconductor (NASDAQ:TQNT) saw a significant growth in short interest in the month of 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, American Banking & Market News reports. Based on an average daily trading volume, of 5,001,758 shares, the short-interest ratio is currently 1.1 days. Approximately 3.4% of the shares of the stock are short sold.
In other TriQuint Semiconductor news, Director Steven Sharp unloaded 10,000 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $18.09, for a total value of $180,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
TQNT has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. TriQuint Semiconductor has an average rating of “Hold” and a consensus price target of $90.18.
TriQuint Semiconductor (NASDAQ:TQNT) opened at 18.40 on Tuesday. TriQuint Semiconductor has a 1-year low of $6.80 and a 1-year 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 (NASDAQ:TQNT) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. Analysts expect that TriQuint Semiconductor will post $0.65 EPS 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.