Rda Microelectronics Rating Lowered to Neutral at Chardan Capital (RDA)
Rda Microelectronics (NYSE:RDA) was downgraded by investment analysts at Chardan Capital from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $13.00 price objective on the stock. Chardan Capital’s price target points to a potential downside of 8.19% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Rda Microelectronics (NYSE:RDA) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. Separately, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Rda Microelectronics (NYSE:RDA) in a research note to investors on Thursday, September 19th. They now have a $17.00 price target on the stock, up previously from $14.00. Finally, 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.71.
Rda Microelectronics (NYSE:RDA) traded down 0.21% during mid-day trading on Thursday, hitting $14.13. The stock had a trading volume of 77,251 shares. Rda Microelectronics has a 52-week low of $9.05 and a 52-week high of $14.36. The stock’s 50-day moving average is $12.27 and its 200-day moving average is $10.97. The company has a market cap of $655.6 million and a P/E ratio of 12.76.
Rda Microelectronics (NYSE:RDA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the 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. On average, analysts predict that Rda Microelectronics will post $1.30 earnings per share 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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