UBS Maintains a 'Neutral' on TriQuint Semiconductor (TQNT); Wounded By Apple, Cutting Across The Board
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Price: $27.55 --0%
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on TriQuint Semiconductor (NASDAQ: TQNT) price target lowered from $6.25 to $5.00.
Analyst, Parag Agarwal, said, "TQNT attributed the massive decline in seasonally stronger June quarter to Apple (Nasdaq: AAPL), which was a 37% customer in 1Q. Based on our model, we believe that AAPL related decline is about 10m units. Though TQNT hopes to achieve the normal level of revenue in 2H12, we remain cautious till we get more visibility into TQNT’s content in next generation iPhone and its ability to diversify its revenue base beyond Apple."
"For 2Q12E, we now forecast Rev/EPS(pf) of $177m/(12c), versus prior of $223m/4c. For 2012, we lower Rev/EPS(pf) to $793m/(19c), from $923m/22c, and for 2013 to $833m/18c, from $1,011m/45c."
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 $5.52 yesterday.
Analyst, Parag Agarwal, said, "TQNT attributed the massive decline in seasonally stronger June quarter to Apple (Nasdaq: AAPL), which was a 37% customer in 1Q. Based on our model, we believe that AAPL related decline is about 10m units. Though TQNT hopes to achieve the normal level of revenue in 2H12, we remain cautious till we get more visibility into TQNT’s content in next generation iPhone and its ability to diversify its revenue base beyond Apple."
"For 2Q12E, we now forecast Rev/EPS(pf) of $177m/(12c), versus prior of $223m/4c. For 2012, we lower Rev/EPS(pf) to $793m/(19c), from $923m/22c, and for 2013 to $833m/18c, from $1,011m/45c."
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 $5.52 yesterday.
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