Insider Selling: TriQuint Semiconductor Director Sells 10,000 Shares of Stock (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) Director Steven Sharp sold 10,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $19.50, for a total transaction of $195,000.00. Following the completion of the sale, the director now directly owns 58,948 shares of the company’s stock, valued at approximately $1,149,486. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
TriQuint Semiconductor (NASDAQ:TQNT) traded down 0.87% on Monday, hitting $19.27. The stock had a trading volume of 2,114,779 shares. TriQuint Semiconductor has a 52-week low of $6.80 and a 52-week high of $19.93. The stock’s 50-day moving average is $17.83 and its 200-day moving average is $14.6. The company’s market cap is $3.369 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last issued 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. Analysts expect that TriQuint Semiconductor will post $0.65 EPS for the current fiscal year.
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. Seven equities research analysts have rated the stock with 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 target price of $90.18.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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