The chipmaker reported earnings of 28 cents a share for the third quarter, beating the 24 cents analysts surveyed by Thomson Reuters expected for the quarter. Revenue grew 8.5% year over year to $272.1 million for the quarter, beating estimates of $261.34 million for the quarter.
TriQuint said it expects earnings of 40 cents to 45 cents a share and $330 million to $340 million for the fourth quarter. Analysts expect earnings of 34 cents and revenue of $313.92 million for the quarter.
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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 find that the company's return on equity has been disappointing."
You can view the full analysis from the report here: TQNT Ratings Report