Triquint Semiconductor Stock Gaps Down On Today's Open (TQNT)

NEW YORK (TheStreet) -- Shares of Triquint Semiconductor (Nasdaq:TQNT) were gapping down Thursday morning with an open price 11.3% lower than Wednesday's closing price. The stock closed at $13.66 Wednesday and opened today's trading at $12.11. The average volume for Triquint Semiconductor has been 3.8 million shares per day over the past 30 days. Triquint Semiconductor has a market cap of $2.1 billion and is part of the technology sector and electronics industry.

TriQuint Semiconductor, Inc. supplies modules, components, and foundry services to communications companies worldwide. It designs its products on various wafer substrates, such as compound semiconductor materials, including gallium arsenide and piezoelectric crystals. The company has a P/E ratio of 12.9, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Triquint Semiconductor as hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Triquint Semiconductor Ratings Report.

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