Zacks Upgrades Rda Microelectronics to “Neutral” (RDA)
Rda Microelectronics (NYSE:RDA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, Analyst Ratings.Net reports. The firm currently has a $15.60 price target on the stock. Zacks‘ target price indicates a potential upside of 2.30% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company raised their price target on shares of Rda Microelectronics from $15.00 to $18.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Separately, analysts at Chardan Capital downgraded shares of Rda Microelectronics from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $13.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Rda Microelectronics from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 25th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.95.
Rda Microelectronics (NYSE:RDA) traded down 1.05% during mid-day trading on Tuesday, hitting $15.09. The stock had a trading volume of 272,026 shares. Rda Microelectronics has a one year low of $9.05 and a one year high of $15.74. The stock’s 50-day moving average is $13.18 and its 200-day moving average is $11.18. The company has a market cap of $700.2 million and a P/E ratio of 13.74.
Rda Microelectronics (NYSE:RDA) last issued its quarterly earnings data 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.
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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