Why Triquint Semiconductor (TQNT) Is Up Today

NEW YORK (TheStreet) -- Triquint Semiconductor  (TQNT) was rising 9.17% to $8.81 shortly after noon on Thursday after the company reported fourth-quarter earnings results that beat analysts' expectations.

Revenue increased 15% year over year to $267.7 million, or 16 cents a share. Analysts had expected EPS of 13 cents on revenue of $224.6 million. The company also said in its quarterly report that non-GAAP EPS for the full year should meet or surpass the consensus estimate of 49 cents. Finally, Triquint expects revenue in the range of $170 million to $180 million in the first quarter and a net loss 11 cents to 13 cents a share. This is well below the analysts' expectations of revenue of $220 million and EPS of three cents.

Needham also upgraded Triquint to "buy" from "hold" on Thursday and set a target price of $10. The firm cited valuation and the expectation for re-accelerated revenue growth in 2015 as the reasons for the upgrade.

TheStreet Ratings team rates TRIQUINT SEMICONDUCTOR INC as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate TRIQUINT SEMICONDUCTOR INC (TQNT) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow."

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Triquint Semiconductor (TQNT): Today's Weak On High Volume Stock