Rda Microelectronics Hits New 52-Week High at $14.36 (RDA)
Shares of Rda Microelectronics (NYSE:RDA) hit a new 52-week high on Monday, American Banking and Market News reports. The company traded as high as $14.36 and last traded at $14.22, with a volume of 306,631 shares trading hands. The stock had previously closed at $13.96.
Several analysts have recently commented on the stock. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Rda Microelectronics (NYSE:RDA) in a research note to investors on Thursday. They now have a $17.00 price target on the stock, up previously from $14.00. Separately, analysts at Zacks downgraded shares of Rda Microelectronics (NYSE:RDA) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, August 12th. They now have a $10.70 price target on the stock. Finally, analysts at HSBC raised their price target on shares of Rda Microelectronics (NYSE:RDA) from $11.00 to $12.00 in a research note to investors on Thursday, August 8th. They now have a “neutral” rating on the stock.
One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.10.
Rda Microelectronics has a one year low of $9.05 and a one year high of $14.25. The stock’s 50-day moving average is $12.02 and its 200-day moving average is $10.91. The company has a market cap of $660.3 million and a P/E ratio of 12.58.
Rda Microelectronics (NYSE:RDA) last released its earnings data on Tuesday, August 6th. The company reported $0.35 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.35. The company had revenue of $110.30 million for the quarter, compared to the consensus estimate of $109.68 million. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. Analysts expect that Rda Microelectronics will post $1.30 EPS for the current fiscal year.
RDA Microelectronics, Inc (NYSE:RDA) is engaged in fabless semiconductor company, which designs, develops and markets radio-frequency and mixed-signal semiconductors for a range of cellular, broadcast, and connectivity applications.
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