NEW YORK ( TheStreet) -- Shares of Triquint Semiconductor (Nasdaq: TQNT) were gapping down Thursday morning with an open price 18.4% lower than Wednesday's closing price. The stock closed at $7.17 Wednesday and opened today's trading at $5.85. The average volume for Triquint Semiconductor has been 6.3 million shares per day over the past 30 days. Triquint Semiconductor has a market cap of $1.1 billion and is part of the technology sector and electronics industry. Shares are down 38.7% 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 6.2, 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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.