Insider Selling: Willis C. Young Unloads 50,039 Shares of TriQuint Semiconductor Stock (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) Director Willis C. Young sold 50,039 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $18.75, for a total value of $938,231.25. Following the transaction, the director now directly owns 25,609 shares in the company, valued at approximately $480,169. The sale was disclosed in a document filed with the SEC, which is available at 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.18.
TriQuint Semiconductor (NASDAQ:TQNT) traded down 1.43% during mid-day trading on Thursday, hitting $18.61. 1,966,111 shares of the company’s stock traded hands. TriQuint Semiconductor has a 52-week low of $6.80 and a 52-week high of $18.95. The stock’s 50-day moving average is $17.15 and its 200-day moving average is $14.16. The company’s market cap is $3.254 billion. TriQuint Semiconductor also was the target of a large growth in short interest during 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. Based on an average daily trading volume, of 5,001,758 shares, the days-to-cover ratio is presently 1.1 days. Approximately 3.4% of the company’s stock are sold short.
TriQuint Semiconductor (NASDAQ:TQNT) last issued its quarterly earnings data 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. 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.
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