Topeka Capital Starts TriQuint Semiconductor (TQNT) at Hold

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Topeka Capital initiates coverage on TriQuint Semiconductor (NASDAQ: TQNT) with a Hold. PT $5.50.

The firm comments, "We believe Triquint is well positioned to benefit from its BAW filter technology as LTE adoption accelerates in 2013. However, in the near term we don't see any significant catalysts to drive revenue and margins, and the stock is likely to be range bound until visibility into BAW filter wins improves in 2H13."

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 $5.11 yesterday, with a 52 week range of $4.30-$7.26.

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