RF Micro Devices CFO Sells $192,887 in Stock (RFMD)
RF Micro Devices (NASDAQ:RFMD) CFO William A. Priddy unloaded 22,222 shares of RF Micro Devices stock on the open market in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $8.68, for a total transaction of $192,886.96. Following the transaction, the chief financial officer now directly owns 580,696 shares in the company, valued at approximately $5,040,441. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
RF Micro Devices (NASDAQ:RFMD) traded up 2.84% on Monday, hitting $9.04. The stock had a trading volume of 9,232,647 shares. RF Micro Devices has a 52 week low of $4.50 and a 52 week high of $9.09. The stock’s 50-day moving average is $8.24 and its 200-day moving average is $6.33. The company has a market cap of $2.555 billion and a P/E ratio of 219.75.
RF Micro Devices (NASDAQ:RFMD) last announced its earnings results on Tuesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $256.00 million for the quarter, compared to the consensus estimate of $255.54 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. Analysts expect that RF Micro Devices will post $0.76 EPS for the current fiscal year.
RFMD has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of RF Micro Devices from a “neutral” rating to an “outperform” rating in a research note on Friday, May 2nd. They now have a $9.20 price target on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of RF Micro Devices in a research note on Wednesday, April 30th. They now have a $10.50 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of RF Micro Devices from $8.00 to $9.00 in a research note on Wednesday, April 30th. They now have a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $9.75.
RF Micro Devices, Inc is engaged in the design and manufacture of radio frequency (NASDAQ:RFMD) solutions.
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