TriQuint Semiconductor (TQNT) stocks reported a 5% increase on Friday ($20.38), which is subsequent to the third quarter fiscal year data of Avago Technologies (AVGO).
The third quarter marked outperformance of Avago over the estimate of Thomson Reuters at $1.01 per share ($1.26 per share). The revenue of the chipmaker totaled $1.39 billion for the given quarter, which had bettered the approximation of analysts at $1.35 billion.
Credit Suisse (CS) recently provided price target increment to Avago. With the given change and quarter upturn, the stocks of TriQuint Semiconductor increased along with its counterparts’ boosts as well, namely Skyworks Solutions (SWKS) and RF Micro Devices (RFMD).
It has been reported by TheStreet that the firm had revenue growth by 21.4%, which is higher than the standard of the industry at 9.1%. This also aided in improving earnings per share (EPS) of the company.
TheStreet ratings report also included gross profit margin, return on equity, and improved earnings per share of the quarter.