UBS Maintains Neutral, Raises Price Target on TriQuint Semiconductor (TQNT)

UBS maintained a Neutral rating on TriQuint Semiconductor (NASDAQ: TQNT) and raised its price target to $6.00 (from $5.25).

“With TriQuint maintaining its content on iPhone 5 and gaining traction at Samsung, we believe that TQNT’s fundamentals are stabilizing, and should improve heading into 2013,” said an analysts. “However, we believe that excess capacity will continue to weigh on margins, and the company needs to gain significant traction beyond Apple to drive meaningful improvement in fundamentals.”

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 $5.50 yesterday.

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