TriQuint Semiconductor Down 6.2% On Earnings Miss (TQNT)

Shares of Hillsboro, Oregon-based TriQuint Semiconductor, Inc. TQNT are trading down 6.2% at $12.81 per share during the Thursday afternoon trading session. The day's trading range for shares of TriQuint Semiconductor, Inc has been between $12.00 and $13.14 per share. Analysts covering the company's stock give it a consensus price target of $13.63 per share. Volume of 18.4 million shares is far above the daily average volume of 3.8 million shares. TriQuint Semiconductor, Inc. (TQNT) announced after the market closed on Wednesday that it missed consensus Wall Street earnings expectations. TriQuint Semiconductor, Inc announced 4th quarter earnings of 25 cents per share, on revenue of $253.4 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 28 cents per share, on revenue of $250.73 million. TriQuint Semiconductor, Inc is a leading RF solutions supplier and technology innovator for the world's top communications, defense and aerospace companies. Read more from Benzinga's Company news.