Insider Selling: RF Micro Devices CEO Sells 35,477 Shares of Stock (RFMD)
RF Micro Devices (NASDAQ:RFMD) CEO Robert A. Bruggeworth sold 35,477 shares of RF Micro Devices stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $11.99, for a total value of $425,369.23. Following the completion of the sale, the chief executive officer now directly owns 1,016,523 shares in the company, valued at approximately $12,188,111. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
RF Micro Devices (NASDAQ:RFMD) traded up 0.17% on Thursday, hitting $11.99. The stock had a trading volume of 8,483,019 shares. RF Micro Devices has a 1-year low of $4.50 and a 1-year high of $12.10. The stock has a 50-day moving average of $10.74 and a 200-day moving average of $8.76. The company has a market cap of $3.449 billion and a P/E ratio of 73.89.
RF Micro Devices (NASDAQ:RFMD) last posted its quarterly 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.
RFMD has been the subject of a number of recent research reports. 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 issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $12.24.
RF Micro Devices, Inc is engaged in the design and manufacture of radio frequency (NASDAQ:RFMD) solutions.
Receive News & Ratings for RF Micro Devices Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RF Micro Devices Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.