RF Micro Devices Inc. (RFMD) Company Brief
Shares of RF Micro Devices Inc. (NASDAQ: RFMD) are up in today’s trading. The stock reached a high of $4.07 today. At last check, it was up 2.81% to $4.02, with volume at 6.35 million in mid-day trading.
The RF Micro Devices stock has a 52-week range of $3.18-$6.05. It is currently trading below its 50-day and 200-day moving averages of $4.87 and $4.73, respectively. The stock has seen support at $3.70 and has met with resistance at $4.50.
The consensus recommendation on the RF Micro Devices stock is Outperform. Currently, it has 12 Buy, 6 Hold and 1 Underperform rating.
RF Micro Devices is involved in designing and manufacturing of high-performance semiconductor components. The Greensboro, North Carolina-based company’s products allow worldwide mobility; provide enhanced connectivity and support advanced functionality in the cellular handset, WLAN, CATV/broadband and aerospace and defense markets.
For the fourth quarter of fiscal 2010, the company reported a 51.4% increase in revenue to $260.8 million. The company’s gross margin improved 130 basis points to 37.7% in the fourth quarter of fiscal 2010. Fourth-quarter operating income came in at $36.6 million, while net income came in at $26.7 million, or $0.10 per diluted share.
RF Micro Devices expects fiscal 2011 revenue and non-GAAP EPS to improve over fiscal 2010 results. The company expects transceiver revenue to rise sequentially in the current quarter.
Earlier in the week, the company announced the availability of the RF3482 front end module. Last week, the company had announced the availability of the RF5616, which is a highly integrated 4.9 GHz-5.8 GHz 3mm x 3 mm power amplifier.
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