Insider Selling: TriQuint Semiconductor VP Unloads 125,000 Shares of Stock (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) VP Steven R. Grant sold 125,000 shares of TriQuint Semiconductor stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $19.53, for a total transaction of $2,441,250.00. Following the completion of the sale, the vice president now directly owns 45,121 shares of the company’s stock, valued at approximately $881,213. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded down 0.05% during mid-day trading on Thursday, hitting $19.59. 2,629,668 shares of the company’s stock traded hands. TriQuint Semiconductor has a 1-year low of $6.80 and a 1-year high of $19.93. The stock has a 50-day moving average of $17.6 and a 200-day moving average of $14.56. The company’s market cap is $3.425 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last announced its 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. On average, analysts predict that TriQuint Semiconductor will post $0.65 earnings per share for the current fiscal year.
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 issued a hold rating and six have given a buy rating to the stock. The stock currently 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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