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RF Micro Devices (NASDAQ:RFMD)’s share price hit a new 52-week high during mid-day trading on Friday , American Banking & Market News reports. The company traded as high as $12.51 and last traded at $12.36, with a volume of 9,459,307 shares traded. The stock had previously closed at $11.76.

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 equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. RF Micro Devices currently has a consensus rating of “Buy” and an average target price of $12.24.

The stock’s 50-day moving average is $11.05 and its 200-day moving average is $9.01. The company has a market cap of $3.572 billion and a P/E ratio of 72.59. RF Micro Devices also was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totalling 48,878,478 shares, an increase of 11.8% from the July 31st total of 43,702,154 shares. Currently, 17.2% of the company’s stock are short sold. Based on an average trading volume of 10,391,870 shares, the days-to-cover ratio is presently 4.7 days.

RF Micro Devices (NASDAQ:RFMD) last released its earnings data on Thursday, July 24th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue 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.

In other RF Micro Devices news, CFO William A. Priddy unloaded 20,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $12.05, for a total transaction of $241,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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