TriQuint Semiconductor Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:TQNT)
Shares of TriQuint Semiconductor (NASDAQ:TQNT) have received an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, Stock Ratings Network reports. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $90.18.
TriQuint Semiconductor (NASDAQ:TQNT) opened at 20.665 on Tuesday. TriQuint Semiconductor has a 52 week low of $6.80 and a 52 week high of $20.78. The stock has a 50-day moving average of $18.27 and a 200-day moving average of $15.07. The company’s market cap is $3.613 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last announced its earnings results 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.
In other TriQuint Semiconductor news, Director Steven Sharp unloaded 10,000 shares of TriQuint Semiconductor stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $19.50, for a total value of $195,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through 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.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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