By Harsh Chauhan - October 17, 2012 | Tickers: AAPL, CRUS, TQNT | 0 Comments

Harsh is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited.

If I was to ever make a list of unlucky stocks, TriQuint Semiconductor (NASDAQ: TQNT) would have certainly ranked amongst the unluckiest ones in my list. Despite being a longtime component supplier to none other than Apple (NASDAQ: AAPL), TriQuints stock price performance has been nothing but disappointing.

A Sorry Story

The companys top line has grown at a decent rate over the past five years, but its stock price chart tells a different story.It seems as if the market has forgotten that TriQuint is a lucrative Apple play.

TQNT Revenue TTM data by YCharts

After peaking in early 2011, TriQuints shares have been in a free-fall mode. And so far this year, the company hasnt brought much joy to investors either as it has just about managed to stay in the green zone with a shabby low-single digit return.

So Far This Year

In the two quarters that TriQuint has reported so far this fiscal year, it has shown both its good and bad sides. In the first quarter, TriQuints shares took a pounding after it issued a gloomy forecast. The company guided well-below consensus estimates as Apple was busy clearing its iPhone 4S inventory and wasnt making enough new phones, leading to low demand for TriQuints chips.

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The Time Seems Right to Buy This Beaten Down Apple Play