RF Micro Devices Stock Falls On Unusually High Volume (RFMD)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- RF Micro Devices (Nasdaq: RFMD) is trading at unusually high volume Wednesday with 12 million shares changing hands. It is currently at two times its average daily volume and trading down 15 cents (-2.8%) at $5.30 as of 4 p.m. ET.

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RF Micro Devices has a market cap of $1.48 billion and is part of the technology sector and electronics industry. Shares are up 21.7% year to date as of the close of trading on Tuesday.

RF Micro Devices, Inc. designs, develops, manufactures, and markets radio frequency (RF) components and compound semiconductor technologies primarily in the United States and Asia.

TheStreet Ratings rates RF Micro Devices as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. You can view the full RF Micro Devices Ratings Report.

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