Activist investor Starboard Value LP asked TriQuint Semiconductor Inc to consider selling or restructuring its mobile power amplifier business, which it says is dragging down the radio frequency chipmaker's share price.TriQuint shares rose 7 percent on the Nasdaq on Tuesday morning.Starboard said the company should focus on its networks and defense businesses and become a fabless chipmaker like rival Skyworks Solutions Inc.The mobile power amplifier business is part of TriQuint's mobile devices unit, which accounts for about 65 percent of the company's revenue.
Skyworks Solutions, Inc. (Skyworks) offers analog and mixed signal semiconductors. Shares of SWKS traded higher by 1.07% or $0.26/share to $24.50. In the past year, the shares have traded as low as $19.21 and as high as $29.74. On average, 3055410 shares of SWKS exchange hands on a given day and today's volume is recorded at 808841.
TriQuint Semiconductor, Inc. provides a portfolio of radio frequency (RF) solutions. Shares of TQNT traded higher by 6.12% or $0.449/share to $7.79. In the past year, the shares have traded as low as $4.30 and as high as $8.29. On average, 1969790 shares of TQNT exchange hands on a given day and today's volume is recorded at 2388571.
Tuesday Morning Corporation is a closeout retailer of upscale decorative home accessories, housewares, and famous-maker gifts in the United States. Shares of TUES fell by 0.63% or $-0.09/share to $14.20. In the past year, the shares have traded as low as $4.82 and as high as $14.39. On average, 348100 shares of TUES exchange hands on a given day and today's volume is recorded at 28571.
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