RF Micro Devices Sees Unusually Large Options Volume (RFMD)
Shares of RF Micro Devices (NASDAQ:RFMD) saw some unusual options trading on Friday. Traders bought 14,632 call options on the company, StockRatingsNetwork reports. This represents an increase of approximately 611% compared to the average volume of 2,058 call options.
A number of analysts have recently weighed in on RFMD shares. Analysts at Raymond James reiterated a “strong-buy” rating on shares of RF Micro Devices in a research note on Friday. They now have a $13.00 price target on the stock, up previously from $10.50. Separately, analysts at DA Davidson reiterated a “buy” rating on shares of RF Micro Devices in a research note on Friday. They now have a $13.00 price target on the stock, up previously from $11.00. Finally, analysts at Canaccord Genuity raised their price target on shares of RF Micro Devices from $9.50 to $12.50 in a research note on Friday. They now have a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. RF Micro Devices currently has a consensus rating of “Buy” and a consensus price target of $12.18.
RF Micro Devices (NASDAQ:RFMD) traded up 3.42% on Friday, hitting $10.89. 27,753,608 shares of the company’s stock traded hands. RF Micro Devices has a 52 week low of $4.50 and a 52 week high of $10.87. The stock has a 50-day moving average of $9.8 and a 200-day moving average of $7.87. The company has a market cap of $3.116 billion and a P/E ratio of 263.25.
RF Micro Devices (NASDAQ:RFMD) last announced its earnings results on Thursday, July 24th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.07. The company had revenue of $316.30 million for the quarter, compared to the consensus estimate of $304.86 million. During the same quarter last year, the company posted $0.09 earnings per share. RF Micro Devices’s revenue was up 8.0% compared to the same quarter last year. Analysts expect that RF Micro Devices will post $0.77 EPS for the current fiscal year.
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.