Insider Selling: William Priddy Sells 28,385 Shares of RF Micro Devices Stock (RFMD)
RF Micro Devices (NASDAQ:RFMD) CFO William Priddy unloaded 28,385 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $5.99, for a total transaction of $170,026.15. Following the transaction, the chief financial officer now directly owns 800,964 shares of the company’s stock, valued at approximately $4,797,774. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on RFMD. Analysts at Zacks upgraded shares of RF Micro Devices from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 2nd. They now have a $6.20 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of RF Micro Devices from a “sell” rating to a “hold” rating in a research note to investors on Monday, September 16th. Finally, analysts at Raymond James upgraded shares of RF Micro Devices from a “market perform” rating to a “strong-buy” rating in a research note to investors on Wednesday, September 11th. They now have a $7.00 price target on the stock. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $6.71.
Shares of RF Micro Devices (NASDAQ:RFMD) traded up 1.36% on Thursday, hitting $5.97. The stock had a trading volume of 6,430,410 shares. RF Micro Devices has a 52-week low of $3.50 and a 52-week high of $5.99. The stock’s 50-day moving average is $5.43 and its 200-day moving average is $5.33. The company’s market cap is $1.679 billion.
RF Micro Devices (NASDAQ:RFMD) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $293.00 million for the quarter, compared to the consensus estimate of $287.93 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 44.5% on a year-over-year basis. On average, analysts predict that RF Micro Devices will post $0.43 earnings per share for the current fiscal year.
RF Micro Devices, Inc (NASDAQ:RFMD) is engaged in the design and manufacture of radio frequency components and compound semiconductor technologies.
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