The 10-second takeaway
For the quarter ended Dec. 31 (Q4), TriQuint Semiconductor beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins shrank across the board.
TriQuint Semiconductor booked revenue of $227.0 million. The nine analysts polled by S&P Capital IQ expected a top line of $219.0 million. GAAP sales were 10% lower than the prior-year quarter's $253.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.07. The six earnings estimates compiled by S&P Capital IQ predicted $0.06 per share on the same basis. GAAP EPS of $0.03 for Q4 were 88% lower than the prior-year quarter's $0.25 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.5%, 950 basis points worse than the prior-year quarter. Operating margin was 3.4%, 1,500 basis points worse than the prior-year quarter. Net margin was 1.9%, 1,490 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $206.5 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $907.7 million. The average EPS estimate is $0.40.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 605 members out of 622 rating the stock outperform, and 17 members rating it underperform. Among 123 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give TriQuint Semiconductor a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TriQuint Semiconductor is outperform, with an average price target of $6.56.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of TriQuint Semiconductor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.