RF Micro Devices VP Suzanne B. Rudy Sells 13,046 Shares (RFMD)
RF Micro Devices (NASDAQ:RFMD) VP Suzanne B. Rudy sold 13,046 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $11.26, for a total value of $146,897.96. Following the sale, the vice president now directly owns 94,284 shares of the company’s stock, valued at approximately $1,061,638. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of RF Micro Devices (NASDAQ:RFMD) traded up 2.57% during mid-day trading on Wednesday, hitting $11.58. The stock had a trading volume of 8,517,861 shares. RF Micro Devices has a 1-year low of $4.50 and a 1-year high of $11.79. The stock has a 50-day moving average of $10.3 and a 200-day moving average of $8.50. The company has a market cap of $3.331 billion and a P/E ratio of 69.69. RF Micro Devices also was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 43,702,154 shares, a growth of 15.5% from the July 15th total of 37,834,302 shares. Based on an average trading volume of 18,445,839 shares, the days-to-cover ratio is currently 2.4 days. Currently, 15.4% of the shares of the stock are short sold.
RF Micro Devices (NASDAQ:RFMD) last released its 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 $1.02 EPS for the current fiscal year.
A number of research firms have recently commented on RFMD. Analysts at Pacific Crest reiterated an “outperform” rating on shares of RF Micro Devices in a research note on Thursday, August 7th. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $12.24.
RF Micro Devices, Inc is engaged in the design and manufacture of radio frequency (NASDAQ:RFMD) solutions.
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