Insider Selling: RF Micro Devices VP Unloads 10,000 Shares of Stock (RFMD)
RF Micro Devices (NASDAQ:RFMD) VP James D. Stilson sold 10,000 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $9.85, for a total value of $98,500.00. Following the completion of the transaction, the vice president now directly owns 511,677 shares of the company’s stock, valued at approximately $5,040,018. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of RF Micro Devices (NASDAQ:RFMD) traded down 0.71% during mid-day trading on Monday, hitting $9.83. The stock had a trading volume of 5,231,533 shares. RF Micro Devices has a one year low of $4.50 and a one year high of $9.94. The stock’s 50-day moving average is $9.0 and its 200-day moving average is $6.94. The company has a market cap of $2.813 billion and a price-to-earnings ratio of 247.50.
RF Micro Devices (NASDAQ:RFMD) last posted its quarterly earnings results 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.
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 research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average 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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