Leading RF solutions supplier and technology innovator TriQuint Semiconductor Inc, considers new product innovations to be one of its prime growth catalysts. However, the latest product launch on Sep 26 probably failed to cheer investors’ sentiment as the company’s shares dropped 1.5% on Sep 27.
Last Thursday, TriQuint introduced its first integrated power amplifier (PA) solution for small cell and active antenna base stations. These new amplifiers enable small cell solutions in expanding 3G/4G wireless broadband access including Long Term Evolution (LTE). These highly integrated power amplifier solutions reduce the board size and deliver higher efficiency.
The radio transceivers in this small cell radio system are smaller by design to support indoor or outdoor deployment. By reducing 50% of board space, the original equipment manufacturers (OEMs) can reduce the size of radio systems and their bills of materials. According to a wireless research company, the overall LTE outdoor microcell market is expected to begin high volume shipments in 2014 and is likely to reach $1.8 billion by 2017.
Headquartered in Hillsboro, Ore., TriQuint manufactures semiconductors for the wireless handset segment, infrastructure networks and defense markets. TriQuint’s products reduce costs and increase the performance of connected mobile devices and networks that deliver critical voice, data and video communications. In the last quarter, Triquint reported revenues of $190.1 million, up 7% year over year, driven by strong performance across all markets.
Triquint currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look in the industry include Nitto Denko Corporation (NDEKY - Free Report) and Ubiquiti Networks, Inc (UBNT - Free Report) , both carrying a Zacks Rank #1 (Strong Buy), and DragonWave Inc. , which carries a Zacks Rank #2 (Buy).