Insider Selling: William A. Priddy Sells 20,000 Shares of RF Micro Devices Stock (RFMD)
RF Micro Devices (NASDAQ:RFMD) CFO William A. Priddy sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $12.05, for a total transaction of $241,000.00. Following the sale, the chief financial officer now directly owns 527,552 shares in the company, valued at approximately $6,357,002. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 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 company’s stock. RF Micro Devices presently has an average rating of “Buy” and an average price target of $12.24.
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 one year low of $4.50 and a one year high of $12.10. The stock’s 50-day moving average is $10.74 and its 200-day moving average is $8.76. The company has a market cap of $3.449 billion and a price-to-earnings ratio of 73.89.
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.
RF Micro Devices, Inc is engaged in the design and manufacture of radio frequency (NASDAQ:RFMD) solutions.
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