Shares of Triquint Semiconductor (Nasdaq:TQNT) have taken a tremendous swing upward. The stock is trading at $7.18 as of 2:20 p.m. ET, 21.1% above Wednesday's closing price of $5.93. Volume is at 12.6 million, 2.2 times the daily average of 5.8 million.
NEW YORK ( TheStreet) -- Shares of Triquint Semiconductor (Nasdaq: TQNT) have taken a tremendous swing upward. The stock is trading at $7.18 as of 2:20 p.m. ET, 21.1% above Wednesday's closing price of $5.93. Volume is at 12.6 million, 2.2 times the daily average of 5.8 million. Triquint Semiconductor has a market cap of $949.1 million and is part of the technology sector and electronics industry. Shares are down 49.3% year to date as of the close of trading on Wednesday. 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 5.2, equal to the average electronics industry P/E ratio and below 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Triquint Semiconductor Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.