RF Micro Devices Inc. (RFMD): Today's Featured Technology Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

RF Micro Devices ( RFMD) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 1.7%. By the end of trading, RF Micro Devices rose $0.20 (2.6%) to $7.70 on average volume. Throughout the day, 10,606,563 shares of RF Micro Devices exchanged hands as compared to its average daily volume of 10,665,200 shares. The stock ranged in a price between $7.41-$7.76 after having opened the day at $7.47 as compared to the previous trading day's close of $7.50. Other companies within the Technology sector that increased today were: Vocus ( VOCS), up 47.1%, UBIC ( UBIC), up 19.7%, Pixelworks ( PXLW), up 8.9% and Nam Tai Electronics ( NTE), up 6.7%.

RF Micro Devices, Inc. engages 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. RF Micro Devices has a market cap of $2.3 billion and is part of the electronics industry. Shares are up 45.5% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate RF Micro Devices a buy, 1 analyst rates it a sell, and 2 rate it a hold.

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 find that the company's return on equity has been disappointing.

On the negative front, InfoSonics Corporation ( IFON), down 15.7%, Aetrium Incorporated ( ATRM), down 11.5%, China Finance Online ( JRJC), down 11.1% and Luxoft ( LXFT), down 10.6% , were all laggards within the technology sector with Cognizant Technology Solutions Corporation ( CTSH) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Alphabet Shares Gain as Investors Shrug Off Q1 Google Spending Spree

Alphabet Shares Gain as Investors Shrug Off Q1 Google Spending Spree

SAP Shares Leap After Cloud Business Prompts Full-Year Profit Guidance Hike

SAP Shares Leap After Cloud Business Prompts Full-Year Profit Guidance Hike

Apple Suppliers Slide After European, Asian Chipmakers Echo Smartphone Concerns

Apple Suppliers Slide After European, Asian Chipmakers Echo Smartphone Concerns

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Global Stocks Edge Higher, But Bond Yields, Oil Prices May Test Market Strength

Global Stocks Edge Higher, But Bond Yields, Oil Prices May Test Market Strength