Share on StockTwits

RF Micro Devices (NASDAQ:RFMD) CFO William A. Priddy sold 25,805 shares of the company’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $8.85, for a total value of $228,374.25. Following the transaction, the chief financial officer now directly owns 554,891 shares of the company’s stock, valued at approximately $4,910,785. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of RF Micro Devices (NASDAQ:RFMD) traded down 1.33% during mid-day trading 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 price-to-earnings 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 (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. On average, analysts predict that RF Micro Devices will post $0.76 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on RFMD shares. 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 given a buy rating and two have assigned a strong buy rating to the company. The stock 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.