Transphorm (NASDAQ:TGAN) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Transphorm (NASDAQ:TGAN) posted its quarterly earnings data on Friday. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.06), MarketWatch Earnings reports.

Shares of Transphorm stock opened at $3.52 on Monday. Transphorm has a 12-month low of $2.60 and a 12-month high of $50.00. The company’s 50 day moving average is $4.13.

Several research analysts recently commented on TGAN shares. Craig Hallum started coverage on shares of Transphorm in a research note on Friday, August 28th. They set a “buy” rating and a $8.00 price objective for the company. B. Riley started coverage on shares of Transphorm in a research note on Tuesday, August 25th. They set a “buy” rating and a $8.00 price objective for the company.

About Transphorm

Transphorm, Inc designs and manufactures gallium nitride (GaN) field effect transistors. It offers products for various high-voltage power conversion applications, such as server/storage products, PV inverters, automotive products, and motor control. The company offers products through sales representatives and distributors in the Americas, the EMEA, Japan, China and ASEAN, Korea, and Taiwan.

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