Insider Selling: James D. Stilson Sells 21,688 Shares of RF Micro Devices Stock (RFMD)
RF Micro Devices (NASDAQ:RFMD) VP James D. Stilson unloaded 21,688 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $9.77, for a total value of $211,891.76. Following the transaction, the vice president now directly owns 521,677 shares of the company’s stock, valued at approximately $5,096,784. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
RF Micro Devices (NASDAQ:RFMD) traded up 0.21% during mid-day trading on Tuesday, hitting $9.77. The stock had a trading volume of 8,473,865 shares. RF Micro Devices has a 52-week low of $4.50 and a 52-week high of $9.90. The stock has a 50-day moving average of $8.9 and a 200-day moving average of $6.84. The company has a market cap of $2.796 billion and a price-to-earnings ratio of 243.75.
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. 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 equities research 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. RF Micro Devices has an average rating of “Buy” and a consensus target price of $9.75.
RF Micro Devices, Inc is engaged in the design and manufacture of radio frequency (NASDAQ:RFMD) solutions.
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