TriQuint Semiconductor (TQNT) provides a portfolio of radio frequency solutions for mobile device, networks infrastructure, and defense and aerospace markets worldwide.
Insider selling during the last 30 days
Here is a table of TriQuint's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Scott Gibson||Director||April 28||117,552||Yes||6,350 shares||94.9%|
|Timothy Dunn||VP||April 25||592,500||Yes||11,300 shares + 27,500 options||93.9%|
|Deborah Burke||VP||April 24||19,305||Yes||16,811 shares||53.5%|
There have been 729,357 shares sold by insiders during the last 30 days. All these shares were sold pursuant to a Rule 10b5-1 plan. More details about the Rule 10b5-1 trading plan can be found from this link.
Insider selling by calendar month
Here is a table of TriQuint's insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 1,347,783 shares sold, and there have been 13,500 shares purchased by insiders since January 2013. The month of April 2014 has seen the most insider selling.
TriQuint reported the first-quarter financial results on April 23 with the following highlights:
|Net loss||$19.1 million|
The three insiders sold their shares after these results.
TriQuint's second-quarter guidance is as follows:
|Non-GAAP gross margin||37%-38%|
|Non-GAAP net income||$0.06-$0.08 per share|
|Qtrly Rev Growth (yoy):||0.15||0.23||-0.06|
|PEG (5 yr expected):||1.73||1.17||1.16|
TriQuint has the highest PEG ratio among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only TriQuint has seen intensive insider selling during the last 30 days.
There have been three different insiders selling TriQuint, and there have not been any insiders buying TriQuint during the last 30 days. All three of these insiders decreased their holdings by more than 10%. TriQuint has an insider ownership of 8.52%.
Before going short TriQuint, I would like to get a bearish confirmation from the Point & Figure chart. The three main reasons for the proposed short entry are a relatively high PEG ratio, negative earnings, and the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.