Needham & Company Maintains a 'Buy' on TriQuint Semiconductor (TQNT); Dip Presents Buying Opportunity

Needham & Company maintains a 'Buy' on TriQuint Semiconductor (NASDAQ: TQNT) price target raised $1 to $8.

Analyst, N. Quinn Bolton, said, "In 4Q11 and 1Q12, TriQuint is experiencing stronger than expected revenue offset by lower GM. The weak
GM caused shares to decline in after-hours trading. With the costs of the Texas 6-inch line now reflected in COGS, we see good operating leverage (~50%) on each incremental dollar of revenue. With shares still attractively valued, we maintain our rating and raise our PT."

For an analyst ratings summary and ratings history on TriQuint Semiconductor click here. For more ratings news on TriQuint Semiconductor click here.

Shares of TriQuint Semiconductor closed at $6.84 yesterday, with a 52 week range of $3.97-$15.20.

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