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RF Micro Devices (NASDAQ: RFMD) was the recipient of a ratings changes during the seven days:

  • RF Micro Devices had its price target raised by analysts at BMO Capital Markets from $8.00 to $9.00. They now have a “market perform” rating on the stock.
  • RF Micro Devices had its “strong-buy” rating reaffirmed by analysts at Raymond James. They now have a $10.50 price target on the stock.
  • RF Micro Devices had its price target raised by analysts at Northland Securities from $7.00 to $11.00. They now have an “outperform” rating on the stock.
  • RF Micro Devices was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $11.00 price target on the stock, up previously from $8.50.
  • RF Micro Devices had its price target raised by analysts at Brean Capital from $10.00 to $12.00. They now have a “buy” rating on the stock.
  • RF Micro Devices had its price target raised by analysts at Needham & Company LLC to $10.00.
  • RF Micro Devices was upgraded by analysts at Zacks from a “neutral” rating to an “outperform” rating. They now have a $9.20 price target on the stock.

RF Micro Devices, Inc. (NASDAQ:RFMD) traded up 1.39% on Monday, hitting $8.77. 7,481,624 shares of the company’s stock traded hands. RF Micro Devices, Inc. has a one year low of $4.50 and a one year high of $8.81. The stock’s 50-day moving average is $7.93 and its 200-day moving average is $6.. The company has a market cap of $2.478 billion and a P/E ratio of 216.25. RF Micro Devices also was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 16,381,285 shares, a drop of 11.7% from the March 31st total of 18,547,510 shares. Based on an average daily trading volume, of 11,815,516 shares, the short-interest ratio is currently 1.4 days. Currently, 5.9% of the shares of the company are sold short.

RF Micro Devices, Inc is engaged in the design and manufacture of radio frequency (NASDAQ:RFMD) solutions.

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