Insider Selling: Steven E. Creviston Sells 25,000 Shares of RF Micro Devices Stock (RFMD)
RF Micro Devices (NASDAQ:RFMD) VP Steven E. Creviston sold 25,000 shares of RF Micro Devices stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $11.21, for a total transaction of $280,250.00. Following the completion of the transaction, the vice president now directly owns 1,036,183 shares in the company, valued at approximately $11,615,611. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of RF Micro Devices from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $11.90 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 Friday, July 25th. They now have a $13.00 price target on the stock, up previously from $10.50. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of RF Micro Devices in a research note on Friday, July 25th. They now have a $13.00 price target on the stock, up previously from $11.00. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $12.24.
RF Micro Devices (NASDAQ:RFMD) traded up 0.70% on Monday, hitting $11.47. The stock had a trading volume of 11,571,870 shares. RF Micro Devices has a one year low of $4.50 and a one year high of $11.79. The stock’s 50-day moving average is $10.08 and its 200-day moving average is $8.15. The company has a market cap of $3.379 billion and a price-to-earnings ratio of 70.31.
RF Micro Devices (NASDAQ:RFMD) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that RF Micro Devices will post $1.01 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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