RF Micro Rises After Analyst Upgrades Stock

NEW YORK (AP) — Shares of RF Micro Devices Inc. rose Thursday after a UBS analyst raised his rating for the chip maker to "Buy" from "Neutral," saying the company's June quarter growth could beat expectations.

RF Micro shares rose 16 cents, or 9.7 percent, to $1.83 in midday trading.

In a client note, UBS analyst Uche Orji said the company could see high single-digit or low double-digit sequential growth in the June quarter. Analysts are generally expecting 3 percent quarter-over-quarter growth, he said. He also thinks that the company's recent restructuring moves should help its margins increase. ...