Puts Purchased on TriQuint Semiconductor, Inc.

Shares of TriQuint Semiconductor, Inc.

are lower on the session by 1.96%, currently trading at $10.52. The stock has been moving largely lower over the past four months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $10.00 put was purchased 3,200 times, on the offer, on open interest of 1,759 contracts. Overall put volume is now running at 9.13x the daily average with 93% of all puts traded being purchases on the offer. TriQuint Semiconductor, Inc. is a supplier of modules, components and foundry services for communications applications. TriQuint designs, develops and manufactures radio frequency (

) solutions with gallium arsenide (GaAs), gallium nitride (GaN), surface acoustic wave (SAW), temperature compensated surface acoustic wave (TC-SAW), and bulk acoustic wave (BAW) technologies for customers worldwide.