TriQuint Semiconductor Inc. (NASDAQ:TQNT) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.10), AnalystRatingsNetwork reports. TriQuint Semiconductor also updated its Q3 guidance to $0.09-0.11 EPS.
TriQuint Semiconductor Inc. (NASDAQ: TQNT) traded down 1.02% on Wednesday, hitting $6.79. TriQuint Semiconductor Inc. has a 1-year low of $4.30 and a 1-year high of $7.29. The stock’s 50-day moving average is currently $6.94. The company’s market cap is $1.109 billion.
TriQuint Semiconductor (NASDAQ:TQNT) last announced its earnings results on Wednesday, July 24th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.11) by $0.04. The company had revenue of $190.10 million for the quarter, compared to the consensus estimate of $187.97 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. TriQuint Semiconductor has set its Q3 guidance at $0.09-0.11 EPS and its FY13 guidance at $0.05 EPS. On average, analysts predict that TriQuint Semiconductor Inc. will post $-0.10 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TQNT shares. Analysts at Charter Equity upgraded shares of TriQuint Semiconductor from a market perform rating to a buy rating in a research note to investors on Wednesday, May 29th. On a related note, analysts at Zacks reiterated a neutral rating on shares of TriQuint Semiconductor in a research note to investors on Thursday, May 16th. They now have a $6.50 price target on the stock. Finally, analysts at Northland Capital Partners cut their price target on shares of TriQuint Semiconductor from $6.50 to $5.50 in a research note to investors on Thursday, April 25th.
Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $5.90.
TriQuint Semiconductor, Inc provides a portfolio of radio frequency (NASDAQ: TQNT) solutions.
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