TriQuint Semiconductor Director Roderick Nelson Sells 10,000 Shares (TQNT)
TriQuint Semiconductor (NASDAQ:TQNT) Director Roderick Nelson unloaded 10,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $20.86, for a total transaction of $208,600.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $208,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded down 1.23% during mid-day trading on Thursday, hitting $20.00. The stock had a trading volume of 3,106,213 shares. TriQuint Semiconductor has a 1-year low of $6.80 and a 1-year 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 $3.497 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.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $90.18.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ:TQNT) solutions.
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