New York (February 9th, 2013) - TriQuint Semiconductor (NASDAQ: TQNT) was downgraded to Hold by Needham and Longbow Research. Needham states gross margins are expected to drop as low as 25%, as costs rise and revenues fall.
The Company believes first quarter 2013 revenue will be between $180 million and $190 million. First quarter 2013 non-GAAP net loss is expected to be between $0.12 and $0.14 per share. The Company is 98% booked to the midpoint of revenue guidance.
TriQuint Semiconductor, Inc. provides radio frequency (RF) solutions and technology for communications, defense, and aerospace companies worldwide. TriQuint Semiconductor, Inc. was founded in 1981 and is headquartered in Hillsboro, Oregon.
Deutsche Bank upgraded shares of Hercules Offshore, Inc. (NASDAQ: HERO) from a hold rating to a buy rating. Deutsche Bank now has a $8.00 price target on the stock, up previously from $5.00. HERO announced that it has scheduled a conference call to discuss its fourth quarter and full year 2012 financial results on February 12, 2013.
Hercules Offshore, Inc., together with its subsidiaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide. Its services comprise oil and gas exploration and development drilling, well services, platform inspection, maintenance, and decommissioning services in various water provinces. Hercules Offshore, Inc. was founded in 2004 and is headquartered in Houston, Texas.