TriQuint Semiconductor Inc . ( TQNT ) has recently captured design wins with its new high-performance filters in next-generation 4G smartphones from multiple manufacturers.
The demand for 4G connections is expected to increase nine-fold to 1 billion by 2017. This in turn is driving the demand for advanced Bulk Acoustic Wave (BAW) filter technology to solve the challenging interference issues. TriQuint is one of the leading players in the handset market, and new users and new applications are further creating a lucrative growth opportunity for it. The company is expanding its capacity for high-performance filters as it anticipates a strong demand going forward.
The company has already started shipping several BAW filters in high-volume smartphones. TriQuint is also expanding its product portfolio to address issues that manufacturers face with regard to filters. Mobile device manufacturers depend on these high-performance filters to solve common problems such as dropped calls. Increased usage of BAW filters in multiple devices is likely to augment Trquint's revenues.
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 reported 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 #2 (Buy). Other stocks that look promising and are worth a look in the industry include Nitto Denko Corporation ( NDEKY ), carrying a Zacks Rank #1 (Strong Buy), C ypress Semiconductor Corporation ( CY ), Carbonite, Inc ( CARB ), both carrying a Zacks Rank #2 (Buy)CARBONITE INC (CARB): Free Stock Analysis ReportCYPRESS SEMICON (CY): Free Stock Analysis ReportNITTO DENKO CP (NDEKY): Get Free ReportTRIQUINT SEMICO (TQNT): Free Stock Analysis ReportTo read this article on Zacks.com click here.