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RF Micro Devices (NASDAQ:RFMD) VP Norman A. Hilgendorf unloaded 10,000 shares of RF Micro Devices stock on the open market in a transaction dated Monday, June 16th. The stock was sold at an average price of $9.84, for a total transaction of $98,400.00. Following the transaction, the vice president now directly owns 317,312 shares in the company, valued at approximately $3,122,350. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $9.75.

RF Micro Devices (NASDAQ:RFMD) traded up 3.05% on Tuesday, hitting $10.13. The stock had a trading volume of 12,307,508 shares. RF Micro Devices has a 52 week low of $4.50 and a 52 week high of $9.94. The stock has a 50-day moving average of $9.15 and a 200-day moving average of $7.00. The company has a market cap of $2.899 billion and a price-to-earnings ratio of 245.75.

RF Micro Devices (NASDAQ:RFMD) last released its earnings data 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. Analysts expect that RF Micro Devices will post $0.76 EPS 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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