TriQuint Semiconductor (Nasdaq: TQNT) just blew management guidance and Street expectations right out of the water with a fantastic preliminary third-quarter earnings report. In response, the market merely shrugged.

It's no secret whatsoever that Apple (Nasdaq: AAPL) is gearing up for a top-notch quarterly report of its own thanks to strong sales of iPhones and iPads, and TriQuint happily rides Apple's coattails. As a result, TriQuint's shares have gained 52% year-to-date and 30% in the past month alone; all the good news was priced in before TriQuint could tell us about it. In fact, TriQuint is bouncing off the multi-year high of $9.85 that it reached last Friday.

If the shares weren't riding so high already, the company certainly would have deserved a serious pop today. Third-quarter sales should add up to $238 million, and non-GAAP earnings will land around the $0.27 mark per share. That's 38% year-over-year sales growth and 170% fatter earnings, both comfortably ahead of estimates and guidance.

TriQuint's strong performance was expected and Apple itself hardly looks cheap ahead of next week's earnings. Cirrus Logic (Nasdaq: CRUS), which supplies audio chips for everything Apple these days, has more than doubled this year and won't shock anyone if and when it reports a strong quarter, too. But Broadcom (Nasdaq: BRCM) ships several chips (say that five times fast!) in both iPads and iPhones, and that stock hasn't seen the kind of run-up that Apple's other hangers-on are enjoying. If you want to play Apple's success in a roundabout way, Broadcom could be your ticket to ride.

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