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RF Micro Devices (NASDAQ:RFMD) Director Daniel A. Dileo sold 5,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $11.60, for a total transaction of $58,000.00. Following the completion of the sale, the director now directly owns 60,800 shares of the company’s stock, valued at approximately $705,280. The sale was disclosed in a document filed with the SEC, which is available at this link.

A number of analysts have recently weighed in on RFMD shares. 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 research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $12.24.

Shares of RF Micro Devices (NASDAQ:RFMD) opened at 11.51 on Monday. RF Micro Devices has a 52 week low of $4.50 and a 52 week high of $11.79. The stock has a 50-day moving average of $10.55 and a 200-day moving average of $8.59. The company has a market cap of $3.311 billion and a price-to-earnings ratio of 71.23.

RF Micro Devices (NASDAQ:RFMD) last announced its earnings results 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.

RF Micro Devices, Inc is engaged in the design and manufacture of radio frequency (NASDAQ:RFMD) solutions.

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