This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Stocks Insiders Are Snapping Up

TriQuint Semiconductor

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

In the semiconductor complex, insiders are snapping up shares of TriQuint Semiconductor (TQNT), a supplier of modules, components and foundry services for communications applications. This is yet another name that insiders are buying after a big decline; it's off by around 55% so far in 2011.

TriQuint Semiconductor has a market cap of $826.15 million and an enterprise value of $653.99 million. This stock trades at a reasonable valuation; its trailing price-to-earnings is 9.94, and its forward price-to-earnings is 13.81. This company's estimated growth rate for this year is -39.8%, and for next year it's pegged at -28%. This is a cash-rich company, with a total cash position on its balance sheet of $147.22 million and total debt of zero.

A director just bought 100,000 shares, or $431,200 worth of stock, at $4.31 per share. This same director also recently bought 14,333 shares, or $68,211 worth of stock, at $4.76 per share.

From a technical standpoint, TQNT is currently trading below both its 50-day and 200-day moving average, which is bearish. This stock was hit hard by the sellers recently from its October high of $7.76 to a recent low of $3.97 a share. Since that low, the stock has rebounded sharply to its current price of near $5 a share. Market players should now watch TQNT for a breakout trade if a few overhead resistance levels can be cleared with volume.

If you're bullish on TQNT, you should look to be a buyer on any weakness and anticipate a breakout above $4.92 and $5.42 (its 50-day) a share on high volume. Look for volume on any sustained move and close above those levels that hits close to or above its three-month average action of 6,744,620 shares. I would simply use a mental stop at around $4.50 in case the stock isn't ready to breakout just yet.

To see more stocks with notable insider buying, including KKR (KKR), Assured Guaranty (AGO) and Shutterfly (SFLY), check out the Stocks With Big Insider Buying portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

RELATED LINKS:



Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
6 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs