Canaccord Genuity Maintains a 'Hold' on TriQuint Semiconductor (TQNT); In-line Q2; Solid Guidance Despite Macro Trends
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Price: $6.53 +0.31%
Rating Summary:
3 Buy, 12 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
3 Buy, 12 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade TQNT Now!
Canaccord Genuity maintains a 'Hold' on TriQuint Semiconductor (NASDAQ: TQNT) price target of $6.00.
Analyst, T. Michael Walkley, said, "TriQuint reported in-line Q2/12 results, but Q3/12 guidance was above our expectations. We believe TriQuint has a leading portfolio of RFIC solutions and is well positioned for long-term growth trends, particularly for filtering technology solutions. While we believe TriQuint is potentially a compelling investment for longer-term investors, we believe it could take until H2/2013 or 2014 for TriQuint to diversify its customer base in order to grow sales and generate stronger margins to take advantage of its recently increased capacity."
Walkley raises FY12 EPS estimate from $0.03 to $0.04, but lowers FY13 from $0.46 to $0.43.
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 $4.93 yesterday, with a 52 week range of $3.97-$10.81.
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Analyst, T. Michael Walkley, said, "TriQuint reported in-line Q2/12 results, but Q3/12 guidance was above our expectations. We believe TriQuint has a leading portfolio of RFIC solutions and is well positioned for long-term growth trends, particularly for filtering technology solutions. While we believe TriQuint is potentially a compelling investment for longer-term investors, we believe it could take until H2/2013 or 2014 for TriQuint to diversify its customer base in order to grow sales and generate stronger margins to take advantage of its recently increased capacity."
Walkley raises FY12 EPS estimate from $0.03 to $0.04, but lowers FY13 from $0.46 to $0.43.
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 $4.93 yesterday, with a 52 week range of $3.97-$10.81.
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