stocktrademan
10 years ago
$TQNT DD Notes ~ http://www.ddnotesmaker.com/TQNT
bullish
$TQNT recent news/filings
## source: finance.yahoo.com
Tue, 23 Dec 2014 22:55:00 GMT ~ Unifi, Central Pacific Financial Set to Join the SmallCap 600
[PR Newswire] - NEW YORK, Dec. 23, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 after the close of trading on Wednesday, December 31: Unifi Inc. (NYSE: UFI) will replace ...
read full: http://finance.yahoo.com/news/unifi-central-pacific-financial-set-225500206.html
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Tue, 23 Dec 2014 01:16:00 GMT ~ [video]Jim Cramer's 'Mad Money' Recap: Biotech Sector Havoc Can't Be Ignored
[at TheStreet] - Time to take profits in the group or wait on the sidelines until the carnage subsides, Cramer advises.
read full: http://www.thestreet.com/story/12901266/1/jim-cramers-mad-money-recap-biotech-sector-havoc-cant-be-ignored.html?puc=yahoo&cm_ven=YAHOO
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Mon, 22 Dec 2014 21:57:31 GMT ~ Brean Capital Raises Price Targets On RF Micro Devices & TriQuint Semiconductor
[Benzinga] - Brean Capital raised its price targets on RF Micro Devices, Inc. (NASDAQ: RFMD ) and TriQuint Semiconductor (NASDAQ: TQNT ) Monday and maintained Buy ratings on both companies. The price target on RF Micro ...
read full: http://finance.yahoo.com/news/brean-capital-raises-price-targets-215731884.html
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Mon, 22 Dec 2014 16:38:00 GMT ~ RF Micro, TriQuint: Brean Ups Targets; Apple Momentum and More In Store for Qorvo
[at Barrons.com] - Brean Capital’s Mike Burton today reiterates Buy ratings on wireless chip makers RF Micro Devices (RFMD) and TriQuint (TQNT), and raises price targets on both, writing that “we have become increasingly ...
read full: http://blogs.barrons.com/techtraderdaily/2014/12/22/rf-micro-triquint-brean-ups-target-apple-momentum-and-more-in-store-for-qorvo/?mod=yahoobarrons&ru=yahoo
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Tue, 16 Dec 2014 12:28:44 GMT ~ D.A. Davidson Cites Value, Cuts RF Micro Devices, TriQuint Semiconductor
read full: http://finance.yahoo.com/news/d-davidson-cites-value-cuts-122844151.html
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$TQNT charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$TQNT company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/TQNT/company-info
Ticker: $TQNT
OTC Market Place: Not Available
CIK code: 0000913885
Company name: TriQuint Semiconductor, Inc.
Incorporated In: DE, USA
$TQNT share structure
## source: otcmarkets.com
Market Value: $4,955,415,318 a/o Dec 26, 2014
Shares Outstanding: 177,295,718 a/o Oct 24, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$TQNT extra dd links
Company name: TriQuint Semiconductor, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=TQNT+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=TQNT+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=TQNT+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/TQNT/news - http://finance.yahoo.com/q/h?s=TQNT+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/TQNT/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/TQNT/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=TQNT+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/TQNT
DTCC (dtcc.com): http://search2.dtcc.com/?q=TriQuint+Semiconductor%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=TriQuint+Semiconductor%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=TriQuint+Semiconductor%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/TQNT
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000913885&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/TQNT/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/TQNT/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=TQNT&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=TQNT
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/TQNT/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=TQNT+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=TQNT+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=TQNT
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=TQNT
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=TQNT+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/TQNT/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=TQNT+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/TQNT.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=TQNT
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/TQNT/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/TQNT
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/TQNT
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/TQNT:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=TQNT
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=TQNT
$TQNT DD Notes ~ http://www.ddnotesmaker.com/TQNT
stocktrademan
10 years ago
$TQNT DD Notes ~ http://www.ddnotesmaker.com/TQNT
bullish
$TQNT recent news/filings
## source: finance.yahoo.com
Thu, 27 Nov 2014 07:57:24 GMT ~ Unisem Receives Supplier Performance Award from TriQuint Semiconductor
[at noodls] - Award Triquint News Release Unisem Receives Supplier Performance Award from TriQuint Semiconductor Kuala Lumpur, 18 November 2014 - Unisem was recently honored with the Supplier Performance Award from ...
read full: http://www.noodls.com/view/CE69C631C934F6EDE00F630455EC6592EC95C6AB
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Tue, 25 Nov 2014 12:43:38 GMT ~ Can the Uptrend Continue for TriQuint Semiconductor (TQNT)?
[Zacks] - Can the Uptrend Continue for TriQuint Semiconductor (TQNT)?
read full: http://finance.yahoo.com/news/uptrend-continue-triquint-semiconductor-tqnt-124338239.html
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Mon, 24 Nov 2014 19:08:48 GMT ~ TRIQUINT SEMICONDUCTOR INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
read full: http://biz.yahoo.com/e/141124/tqnt8-k.html
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Mon, 24 Nov 2014 19:07:00 GMT ~ RF Micro, TriQuint Get MOFCOM Okay for Qorvo; Full-Steam Ahead, Say Pac Crest, Brean
[at Barrons.com] - Shares of wireless chip makers RF Micro Devices (RFMD) and TriQuint Semiconductor (TQNT) are rising after the companies this morning announced they will close their merger on December 31st, after they ...
read full: http://blogs.barrons.com/techtraderdaily/2014/11/24/rf-micro-triquint-get-mofcom-okay-for-qorvo-full-steam-ahead-say-pac-crest-brean/?mod=yahoobarrons&ru=yahoo
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Mon, 24 Nov 2014 13:31:02 GMT ~ RF Micro Devices And TriQuint Semiconductor Announce Closing Date For Merger
[at noodls] - GREENSBORO, N.C. and HILLSBORO, Ore., Nov. 24, 2014 /PRNewswire/ -- RF Micro Devices, Inc. (Nasdaq: RFMD) and TriQuint Semiconductor, Inc. (Nasdaq: TQNT) today announced the two companies have received ...
read full: http://www.noodls.com/view/250CCC04010B7D99543C8A48B2C096336482748E
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$TQNT charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$TQNT company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/TQNT/company-info
Ticker: $TQNT
OTC Market Place: Not Available
CIK code: 0000913885
Company name: TriQuint Semiconductor, Inc.
Incorporated In: DE, USA
$TQNT share structure
## source: otcmarkets.com
Market Value: $4,233,821,746 a/o Dec 01, 2014
Shares Outstanding: 177,295,718 a/o Oct 24, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$TQNT extra dd links
Company name: TriQuint Semiconductor, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=TQNT+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=TQNT+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=TQNT+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/TQNT/news - http://finance.yahoo.com/q/h?s=TQNT+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/TQNT/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/TQNT/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=TQNT+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/TQNT
DTCC (dtcc.com): http://search2.dtcc.com/?q=TriQuint+Semiconductor%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=TriQuint+Semiconductor%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=TriQuint+Semiconductor%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/TQNT
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000913885&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/TQNT/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/TQNT/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=TQNT&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=TQNT
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/TQNT/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=TQNT+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=TQNT+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=TQNT
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=TQNT
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=TQNT+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/TQNT/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=TQNT+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/TQNT.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=TQNT
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/TQNT/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/TQNT/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/TQNT
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/TQNT
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/TQNT:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=TQNT
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=TQNT
$TQNT DD Notes ~ http://www.ddnotesmaker.com/TQNT
eastunder
10 years ago
RFMD-TriQuint Merger Completes HSR Waiting Period
http://finance.yahoo.com/news/rfmd-triquint-merger-completes-hsr-164010307.html
Zacks
By Zacks Equity Research
11 hours ago
The merger agreement between leading semiconductor manufacturer TriQuint Semiconductor, Inc. (TQNT) and rival RF Micro Devices Inc. (RFMD) has successfully passed the first litmus test with the completion of the applicable waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”). The news has come as a welcome relief for both the Zacks Rank #2 (Buy) stocks.
The waiting period under the HSR Act is usually 30 days and commences once both the companies file a premerger notification report. The transaction can proceed with the successful completion of the waiting period or with the early termination of the same by the government. The waiting period can also be extended and regulators can impose an injunction on the transaction if they find any potential anticompetitive issues with the proposed merger.
The RF Micro – TriQuint merger is currently awaiting the approval of the respective shareholders along with the fulfillment of other mandatory closing conditions. The deal, valued at approximately $1.6 billion, is termed as a merger of equals and is expected to close in the second half of 2014. The combined entity is likely to create a behemoth in the semiconductor manufacturing industry, offering vital components to premier mobile companies like Apple Inc. (AAPL), BlackBerry Limited (BBRY) and Samsung Electronics Co. Ltd.
With annual revenues of about $2 billion, the combined entity will bring under a common platform all the critical radio frequency (RF) components that are essential for fabricating mobile devices, thereby creating an undisputed market leader with a diversified product portfolio. These include power amplifiers (PAs), power management integrated circuits (PMICs), antenna control solutions, switch-based products and premium filters.
This in turn will likely offer better bargaining power and make it tougher for customers such as Apple and Samsung to push back on pricing. With global smartphone users predicted to triple to 5.6 billion by 2019, the merger provides a huge revenue-generating potential to the new entity.
At the same time, the merger strengthens the combined company's ability to better serve the infrastructure and defense/aerospace industries with advanced gallium nitride (GaN) solutions for additional markets and applications, and foundry services to support radar, next generation base stations, optical communications and the Internet of Things. The newly formed entity is also expected to be a leading player in this sphere with approximately $500 million in annual revenues.
In addition, the merger will offer synergistic benefits and increase the profitability of the new company through economies of scale and mutual sharing of manufacturing expertise, research and development costs and adjustment of staffing expenses. The transaction is expected to generate $75 million of cost savings in the first year of its operation, followed by another $75 million in the second year. Post- merger, the deal is also expected to be accretive to non-GAAP earnings in the first full fiscal year of its operation.
eastunder
10 years ago
HSR waiting period expires for RFMD, TriQuint business combination
June 17, 2014 7:03 AM
http://finance.yahoo.com/news/hsr-waiting-period-expires-rfmd-110311114.html
RF Micro Devices (RFMD) and TriQuint (TQNT) announced that the applicable waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 in relation to the previously announced business combination between RFMD and TriQuint, expired on June 13 with no action by the Federal Trade Commission or the Department of Justice. On February 24, RFMD and TriQuint announced that they had entered into a definitive merger agreement under which the companies will combine under a new holding company in an all-stock, merger-of-equals transaction. Upon completion of the transaction, RFMD shareholders will receive 0.2500 of a share of common stock of the new holding company for each share of RFMD common stock, and TriQuint shareholders will receive 0.4187 of a share of common stock of the new holding company for each share of TriQuint common stock. The companies anticipate that RFMD shareholders, on the one hand, and TriQuint shareholders, on the other hand, will each hold approximately 50% of the shares of common stock of the new holding company issued and outstanding immediately after completion of the transaction. Completion of the HSR Act waiting period satisfies one of the conditions required to finalize the transaction. The business combination is still subject to approval by both TriQuint’s and RFMD’s shareholders, other required regulatory approvals, and customary closing conditions.
eastunder
11 years ago
Good Time To Get Into Triquint And RF Micro
http://www.forbes.com/sites/nigamarora/2014/02/28/good-time-to-get-into-triquint-and-rf-micro/?partner=yahootix
There are pros and cons of investing in Samsung or Apple, but there is no need to choose between the two. A major new opportunity has emerged in a yet to be born powerhouse that supplies important components to both Apple and Samsung.
NewCo is the tentative name given by RF Micro Devices (RFMD) and TriQuint Semiconductor (TQNT) to their merged entity that will be a radio frequency solutions powerhouse in the second half of 2014. Today’s mobile devices would have not been possible without the kind of RF components that these two companies make.
NewCo is the result of a merger of equals between two formidable radio frequency companies RF Micro Devices and TriQuint. RF Micro shareholders will receive one share of NewCo and TriQuint shareholders will receive 1.675 shares of NewCo. The merger is designed to be a tax free transaction. At the close of the merger, NewCo will do a one-for-four reverse stock split.
NewCo will be able to supply end-to-end solutions to both Apple and Samsung as well as other mobile device manufacturers. To some degree, products of the two companies are complimentary. RF Micro is big in power amplifiers and front-end modules. TriQuint is big in RF filters including bulk acoustic wave, surface acoustic wave and temperature compensated surface acoustic wave filters.
NewCo will also have a substantial business in building wireless infrastructure, defense, and aerospace; an advantage of these sectors is not only diversification but higher gross margins compared to the mobile device segment.
The synergies will save $75 million in costs in the first year and a total of $150 million in the second year. More important than cost savings is that the scale will give NewCo a better opportunity to compete for Apple and Samsung business vs. its competitors.
NewCo has the potential to earn about $1 per share. As of this writing, RF Micro is trading at $7.06. Based on my model, this is only a P/E of about 7 (based on 2017 earnings). If you think Apple is inexpensive, NewCo is dirt cheap.
dollarpunch
11 years ago
It wants to go higher...
http://beta.fool.com/techjunk13/2013/07/29/a-smartphone-play-you-would-regret-missing/41690/?source=eogyholnk0000001
A Smartphone Play You Would Regret Missing
By Harsh Chauhan - July 29, 2013 | Tickers: AAPL, T, S, TQNT | 1 Comment
Harsh is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
If TriQuint Semiconductor’s (NASDAQ: TQNT) second-quarter report was a litmus test, then the company passed it with flying colors. After a string of disappointments over the past year or so, TriQuint had promised investors that it would deliver a profitable year in 2013 when it released its first-quarter results three months back, which were terrible to say the least.
So, TriQuint needed to call for a solid outlook this time to keep investors’ faith intact, and the fact that the company’s shares jumped around 16% after it released earnings means that it successfully accomplished its objective.
The resurgence begins
TriQuint beat estimates in the second quarter, posting revenue of $190.1 million while the loss came in at $0.07 per share. Both numbers were well-ahead of consensus estimates, which called for revenue of $188 million and a loss of $0.11 per share. After the second-quarter results, TriQuint’s total loss this year added up to $0.24 a share.
So, the company needed to deliver a spectacular outlook if it was to live up to its promise of being profitable this year. And so it did.
TriQuint expects revenue between $245 million and $255 million in the third quarter (and it is 90% booked to the mid-point of the guidance), which is comprehensively ahead of the $228.4 million consensus estimate. Also, the company expects to get back into the black this time, calling for adjusted earnings of $0.09 to $0.11 per share, once again well-ahead of the $0.03 per share Street expectation.
For the full year, the company is looking at a profit of “at least” $0.05 per share while the Street was expecting it to post a loss of $0.10 per share.
So, with the earnings report and the outlook being simply spectacular, I believe that TriQuint shares can continue their journey north going forward. The stock has been on a blazing run this year, appreciating close to 70%, and I’m pretty confident that it can rise further given the catalysts on the way.
TriQuint’s cutting-edge technology and the rapid introduction of new products are expected to help it deliver solid growth going forward. So far this year, the company has released 86 new products as it looks to benefit from various end markets such as mobile, networking, and defense. TriQuint expects to benefit from the roll out of LTE to propel its networking business, and the same has happened this year.
Networking providing a boost
TriQuint has seen strength in sales of it networking products as its various customers ramp up deployment of new products. The company is of the opinion that an increase in data traffic will lead telecom carriers to continue investing in a faster technology such as LTE, and help sales of TriQuint’s products in turn.
The trends in the telecom industry are clearly visible. Telecom giant AT&T (NYSE: T) is aggressively rolling out LTE and has earmarked $20 billion as capital expenditure as it upgrades its wireless and wireline networks. Its Project Velocity IP program is progressing well as AT&T has accelerated the rate of deployment of LTE.
But, Ma Bell isn’t the only player deploying LTE networks across various markets in the U.S., as Sprint (NYSE: S) is also now in the game big time after its acquisition by SoftBank. Sprint will have $16 billion from SoftBank to invest in base stations to boost its LTE network in the next two years as it looks to use its big spectrum hoard. Sprint’s subscriber base might be well behind the leading telcos in the U.S., but given its spectrum bank and capital, it should make things interesting from here.
Now, TriQuint’s revenue from base station transceiver cards has more than doubled in 2013, and as these telcos continue to invest in LTE, things should get even better.
Mobile on a roll
TriQuint is poised to benefit from growth in data by providing content for mobile devices as well. With smartphones becoming more complex with various frequency bands, TriQuint’s radio frequency solutions should help the new phones overcome such problems. TriQuint is innovating in this field as well, as it is focused on developing high performance filters and high efficiency amplifiers instead of older power amplifier modules.
TriQuint had supplied the power amplifier module for the Apple (NASDAQ: AAPL) iPhone 5, and with the next generation of the device being reportedly under production, it’s not surprising that TriQuint’s order book was overflowing in the previous quarter with a book-to-bill ratio of 1.17 (with Foxconn accounting for 22% of revenue). Also, a cheaper version of the iPhone is reported to be on the way as Apple focuses on budget consumers.
Apple’s cheap iPhone 4 is already helping its push in the emerging markets, and a new device with cheaper components and a mid-tier price tag could do even better considering that the iPhone 4 is three years old now. So, a cheaper iPhone should increase TriQuint’s addressable market and increase sales of its mobile products.
Mobile is the biggest catalyst for TriQuint as it derives more than 60% of its revenue from it. Throw in another smartphone titan in the form of Samsung, to whom TriQuint had supplied content for the Galaxy S4, and it becomes clear that the company is a good play on smartphones. Also, it counts BlackBerry and some smartphone manufacturers out of China as clients as well, which gives the company a pretty big market to sell its products.
The bottom line
The possibility of TriQuint turning in a profit this year is pretty strong now and the company has got enough drivers to get better going forward. So, if you have been riding this terrific turnaround story this year, there’s no reason to abandon it now.
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eastunder
11 years ago
TriQuint Semiconductor predicts robust recovery; stock jumps
http://www.oregonlive.com/silicon-forest/index.ssf/2013/07/triquint_second-quarter_result.html
TriQuint Semiconductor indicated Wednesday that it has put two difficult years behind it, predicting a "next phase" of growth.
The Hillsboro company forecast a leap in revenue of at least 22 percent during the current quarter, a rousing result that stands in stark contrast to two years of disappointment.
"I believe Q3 is the beginning of a stronger period of performance for TriQuint, built on a differentiated strategy that is defensible and sustainable, chief executive Ralph Quinsey said in a written statement.
His forecast of a robust turnaround delighted investors, who bid the stock up more than 10 percent in after-hours trading.
TriQuint employs about 1,000 at its Hillsboro headquarters, where it makes communications chips used in the iPhone and other mobile devices, and in communications networking gear.
The company said its second-quarter sales totaled $190.1 million, up 7 percent from a year ago and just above its guidance.
TriQuint lost $14.9 million in the quarter, 9 cents a share. The compares to a loss of $13.1 million, 8 cents a share, in the second quarter of 2012.
An early beneficiary of the smartphone revolution, TriQuint didn't have the production capacity to meet demand from the booming market and ended up sidelined on some important deals over the past few years. Revenues had been flat or down for seven straight quarters despite the booming market for mobile technology.
On Wednesday, though, TriQuint said that innovative technology has created a great deal more opportunity for the company going forward.
If it delivers on its third-quarter forecast -- and TriQuint said it has orders booked to 90 percent of its forecast -- the company will enjoy its strongest growth in more than two years.
Foxconn, the contractor who assembles Apple's iPhone, is TriQuint's largest customer, providing roughly a third of its sales. Apple has released its last two iPhones in the fall, and observers expect a new model in the same time frame this year. With demand for new iPhones still feverishly high, that may factor into TriQuint's strong third-quarter forecast.
TriQuint shares closed down 7 cents Wednesday at $6.79 before the company reported financial results. In after-hours trading, though, the stock jumped 71 cents to $7.50 -- above a 52-week high.
eastunder
11 years ago
TriQuint posts higher quarterly revenue, shares rise
Wed Jul 24, 2013 4:27pm EDT
(Reuters) - Chipmaker TriQuint Semiconductor Inc reported a 7 percent rise in quarterly revenue, buoyed by demand for its chips used in mobile devices such as smartphones and tablets.
The company's shares rose 12.6 percent to $7.68 in after-hours trading.
TriQuint posted a net loss of $14.9 million, or 9 cents per share, in the second quarter, compared a loss of $13.1 million, or 8 cents a year earlier.
Excluding items, the loss was 7 cents per share
Revenue rose to $190.1 million from $178.0 million a year earlier.
Foxconn Technology Group, one of Apple Inc's major contract manufacturers, accounted for 31 percent of TriQuint's revenue in 2012.
Wildbilly
11 years ago
Barchart.com's Chart of the Day - Triquint Semiconductor (TQNT) for Jun 3, 2013
http://www.barchart.com/headlines/story/10353871/barchart-com-s-chart-of-the-day-triquint-semiconductor-tqnt
The Chart of the Day is Triquint Semiconductor (TQNT). The stock was up in 16 of the last 20 sessions and gained 20.10% in the last month. Since the Trend Spotter signaled a buy on 3/27 the stock is up 42.82%. I found the stock on the New High List when I sorted for frequency.
The company designs, develops, manufactures and markets a broad range of high performance analog and mixed signal integrated circuits for communications markets. The integrated circuits are incorporated into a variety of communications products, including cellular phones and pagers, fiber optic telecommunications equipment, satellite communications systems, high performance data networking products and aerospace applications.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
96% Barchart technical buy signals
Trend spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 20.10% in the last month
Relative Strength Index 84.29%
Barchart computes a technical support level at 6.85
Recently traded at 7.17 with a 50 day moving average of 5.62
Fundamental factors:
Market Cap $1.15 billion
Revenue projected to grow 4.30% this year and another 14.00% next year
Earnings estimated to increase 381.80% this year and an additional 13.33% next year
Wall Street analysts issued 2 strong buy, 9 hold and 1 sell recommendation
Financial Strength C++
Exit your position if the stock drops below its 50 day moving average.
eastunder
11 years ago
TriQuint Announces $75 Million Stock Repurchase Program
Today : Wednesday 15 May 2013
TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, today announced a program authorizing the repurchase of up to $75 million of the Company's common stock.
Under this program, stock repurchases may be made from time to time in the open market at prevailing market prices or through privately negotiated transactions at the discretion of Company management. The timing of open market and privately negotiated purchases will be dependent on market conditions and other corporate considerations, including price, corporate and regulatory requirements and alternative investment opportunities. The Company is not obligated to repurchase any particular amount of common stock during any period and may choose to suspend or discontinue the repurchase program at any time.
Shares of common stock repurchased by the Company through the repurchase program will become authorized but unissued shares. As of May 14, 2013, the Company has approximately 163.3 million shares of common stock outstanding.
FACT-MASTER
11 years ago
Having received a Compound Semiconductor Industry Award, just this past March,.. these conferences will be prime opportunity to demonstrate the GaN on diamond wafer developements to industry participants.
It will be insightful to investors as well, to answer some questions we may have regarding costs and potential market penetration.
The Japanese have also been researching similar as noted, so that is a strong indication that TQNT research and developement is on the road of the future.
Much accumulation over the past few weeks, stock is looking primed to open up a bit.
Still a buy imo, hold for long term.
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Golden Cross
5 years ago
