Cantor Fitzgerald is out with its report today on Triquint Semiconductor TQNT, initiating TQNT at Buy.
In a note to clients, Cantor Fitzgerald writes, "TriQuint is one of the most technologically diverse suppliers of RF components in the world. It derives approximately 70% of its revenues from the mobile device market, and we estimate the company has a 15% worldwide market share. We are initiating coverage with a BUY recommendation and an $18 target price."
Shares of TQNT closed Monday at $11.89.
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