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 12.9% lower than Wednesday's closing price. The stock closed at $5.52 Wednesday and opened today's trading at $4.81.

The average volume for Triquint Semiconductor has been 5.6 million shares per day over the past 30 days. Triquint Semiconductor has a market cap of $853.2 million and is part of the technology sector and electronics industry. Shares are up 13.3% year to date as of the close of trading on Wednesday.

TriQuint Semiconductor, Inc. provides radio frequency (RF) solutions and technology for communications, defense, and aerospace companies worldwide. The company has a P/E ratio of 18.3, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Triquint Semiconductor as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Triquint Semiconductor Ratings Report.

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