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RF Micro Devices (NASDAQ:RFMD) CEO Robert A. Bruggeworth unloaded 66,022 shares of RF Micro Devices stock on the open market in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $8.91, for a total value of $588,256.02. Following the completion of the sale, the chief executive officer now directly owns 1,144,573 shares in the company, valued at approximately $10,198,145. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $9.75.

RF Micro Devices (NASDAQ:RFMD) traded down 1.33% on Tuesday, hitting $8.92. 11,050,452 shares of the company’s stock traded hands. RF Micro Devices has a 1-year low of $4.50 and a 1-year 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 issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. 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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