Insider Selling: TriQuint Semiconductor Director Sells 50,039 Shares of Stock (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) Director Willis C. Young sold 50,039 shares of TriQuint Semiconductor stock on the open market in a transaction dated Wednesday, August 13th. The stock was 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 filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TriQuint Semiconductor (NASDAQ:TQNT) opened at 18.93 on Monday. TriQuint Semiconductor has a 52-week low of $6.80 and a 52-week high of $19.19. The stock’s 50-day moving average is $17.33 and its 200-day moving average is $14.27. The company’s market cap is $3.310 billion.
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 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.
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 analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $90.18.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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