TriQuint Semiconductor VP Deborah Burke Sells 75,418 Shares (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) VP Deborah Burke sold 75,418 shares of TriQuint Semiconductor stock on the open market in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $20.00, for a total transaction of $1,508,360.00. Following the transaction, the vice president now directly owns 17,730 shares in the company, valued at approximately $354,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $90.18.
TriQuint Semiconductor (NASDAQ:TQNT) traded up 2.30% during mid-day trading on Tuesday, hitting $21.14. 4,212,194 shares of the company’s stock traded hands. TriQuint Semiconductor has a one year low of $6.80 and a one year 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 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter 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.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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