RF Micro Devices Inc. (NASDAQ: RFMD) gained nearly 7% on the day to close at $7.85, trading at new 52-week highs and keeping up the momentum in after-hours trading.
The trading activity comes the day before the company participates in Barclays Global Tech Conference, scheduled for tomorrow morning. Investor sentiment remains bullish as the stock breaks November highs.
The company recently introduced its power amplifier that caters specifically to WiMAX systems and can be designed into multiple applications, including customer premises equipment, gateways, access points, LTE wireless infrastructure and WiFi-based wireless high definition interface for wireless video distribution networks.
The RF5632 provides a powerful combination of industry-leading RF performance and integrates a 3-stage PA and power detector into an industry-leading package. In addition, the RF5632 operates from a standard 5V supply, eliminating additional power supply requirements, enhancing design flexibility and lowering bill-of-material costs (BOM).
RF Micro Devices is involved in the design and manufacturing of high-performance semiconductor components.
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