Insider Selling: TriQuint Semiconductor Director Unloads 20,000 Shares of Stock (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) Director Walden C. Rhines sold 20,000 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $20.61, for a total value of $412,200.00. Following the completion of the transaction, the director now directly owns 47,500 shares of the company’s stock, valued at approximately $978,975. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on TQNT shares. 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 given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $90.18.
TriQuint Semiconductor (NASDAQ:TQNT) traded down 4.21% during mid-day trading on Wednesday, hitting $20.25. 3,539,892 shares of the company’s stock traded hands. TriQuint Semiconductor has a 52 week low of $6.80 and a 52 week high of $21.48. The stock has a 50-day moving average of $18.59 and a 200-day moving average of $15.32. The company’s market cap is $3.541 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. 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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