TriQuint Semiconductor Receives Consensus Rating of “Hold” from Brokerages (NASDAQ:TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) has earned a consensus rating of “Hold” from the thirteen analysts that are covering the stock, AnalystRatingsNetwork reports. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $90.18.
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.
Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded down 2.57% on Tuesday, hitting $18.775. 400,504 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 $17.87 and a 200-day moving average of $14.8. The company’s market cap is $3.283 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. Analysts expect that TriQuint Semiconductor will post $0.65 EPS for the current fiscal year.
In other TriQuint Semiconductor news, Director Steven Sharp sold 10,000 shares of TriQuint Semiconductor stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $19.50, for a total value of $195,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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