Insider Selling: Barry D. Church Sells 10,889 Shares of RF Micro Devices Stock (RFMD)
RF Micro Devices (NASDAQ:RFMD) VP Barry D. Church unloaded 10,889 shares of the stock on the open market in a transaction dated Monday, May 19th. The shares were sold at an average price of $8.74, for a total transaction of $95,169.86. Following the completion of the transaction, the vice president now directly owns 113,284 shares in the company, valued at approximately $990,102. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $9.75.
RF Micro Devices (NASDAQ:RFMD) traded down 1.33% on Tuesday, hitting $8.92. The stock had a trading volume of 11,050,452 shares. RF Micro Devices has a 52 week low of $4.50 and a 52 week high of $9.09. The stock has a 50-day moving average of $8.28 and a 200-day moving average of $6.38. The company has a market cap of $2.521 billion and a P/E ratio of 226.00.
RF Micro Devices (NASDAQ:RFMD) last announced its earnings results on Tuesday, April 29th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.06 earnings per share. RF Micro Devices’s revenue was down 8.8% compared to the same quarter last year. On average, analysts predict that RF Micro Devices will post $0.76 earnings per share for the current fiscal year.
RF Micro Devices, Inc is engaged in the design and manufacture of radio frequency (NASDAQ:RFMD) solutions.
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