Trade-Ideas: RF Micro Devices (RFMD) Is Today's Post-Market Leader Stock
- RFMD has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $120.8 million.
- RFMD is up 2.8% today from today's close.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in RFMD with the Ticky from Trade-Ideas. See the FREE profile for RFMD NOW at Trade-Ideas More details on RFMD: RF Micro Devices, Inc. is engaged in the design, development, manufacture, and marketing of radio frequency (RF) solutions for original equipment manufacturers and original design manufacturers in wireless and wired communications applications in the United States and internationally. RFMD has a PE ratio of 268.0. Currently there are 7 analysts that rate RF Micro Devices a buy, 1 analyst rates it a sell, and 3 rate it a hold. The average volume for RF Micro Devices has been 9.1 million shares per day over the past 30 days. RF Micro Devices has a market cap of $2.8 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.07 and a short float of 12.8% with 3.07 days to cover. Shares are up 101.9% year-to-date as of the close of trading on Wednesday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates RF Micro Devices as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the company's revenue growth has not been good. Highlights from the ratings report include:
- RF MICRO DEVICES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, RF MICRO DEVICES INC turned its bottom line around by earning $0.05 versus -$0.20 in the prior year. This year, the market expects an improvement in earnings ($0.76 versus $0.05).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income increased by 93.4% when compared to the same quarter one year prior, rising from -$15.96 million to -$1.05 million.
- 46.80% is the gross profit margin for RF MICRO DEVICES INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -0.40% is in-line with the industry average.
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, RF MICRO DEVICES INC's return on equity significantly trails that of both the industry average and the S&P 500.
- Powered by its strong earnings growth of 100.00% and other important driving factors, this stock has surged by 80.71% over the past year, outperforming the rise in the S&P 500 Index during the same period. Looking ahead, however, we cannot assume that the stock's past performance is going to drive future results. Quite to the contrary, its sharp appreciation over the last year is one of the factors that should prompt investors to seek better opportunities elsewhere.
- You can view the full RF Micro Devices Ratings Report.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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