"Based on our analysis of global LTE network deployments and the improving LTE subscriber growth trends, we forecast a 20% handset RFIC TAM CAGR from 2014-2016," analysts said, regarding the potential market for the North Carolina-based radio frequency solutions company.
"We believe the merger between TriQuint Semiconductor (TQNT) and RFMD [to be named Qorvo] can leverage significant cost synergies through consolidating fabrication facilities, optimizing R&D expenditures, and eliminating duplicate costs," analysts added.
Shares of TriQuint are up 4.27% to $26.10.
Separately, TheStreet Ratings team rates RF MICRO DEVICES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate RF MICRO DEVICES INC (RFMD) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."