Insider Selling: Steven Sharp Sells 10,000 Shares of TriQuint Semiconductor Stock (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) Director Steven Sharp unloaded 10,000 shares of TriQuint Semiconductor stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $19.16, for a total transaction of $191,600.00. Following the completion of the transaction, the director now directly owns 58,948 shares in the company, valued at approximately $1,129,444. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded up 2.30% on Tuesday, hitting $21.14. The stock had a trading volume of 4,212,194 shares. TriQuint Semiconductor has a 52 week low of $6.80 and a 52 week high of $21.16. The stock has a 50-day moving average of $18.47 and a 200-day moving average of $15.28. The company’s market cap is $3.696 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last issued its quarterly earnings data 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.
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. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $90.18.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.