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Pass me a tissue. Kicking myself. Hard.
I'm going to cry
* * $RFMD Video Chart 10-29-14 * *
Link to Video - click here to watch the technical chart video
TQNT
1 WEEK 8 WEEK AVERAGE INSIDER ACTIVITY
Insider Sentiment: Negative Insider Sentiment: Negative Sold an average of 680,575 shares per year (over last 2 years)
Triquint Semiconductor CEO Quinsey Sells 98,088 Shares @$18.07/Share -Form 4
Triquint Semiconductor Chairman Sharp Sells 10,000 Shares @$18.41/Share -Form 4
TQNT seems expensive with a Price to Sales ratio of 3.4759, above the Semiconductors & Semiconductor Equipment industry median PS ratio of 1.74.
Was up near twelve after the close AH if I recall correctly
Tell me about it. Dumped 80% of my 10 jan 15 calls over past few months for about a buck. That 20% is looking pretty but man o man... Kicking myself
Wow what a monster I cant believe I sold at 7 for a measly 4k gain
Tell me about it I got 4k at 5 dollars but I think there is still plenty of room to run
I wish I had bought more than 200 shares when it was under 9. Should've loaded the boat. Oh well. Still nice run.
Yes best one I have right now
This stock is an absolute beast. I love it.
Ooooh rfmd wants that 52 wk high! Nice day.
I read it the same way at first, but I think they meant that the tumbling happened in 2013 when QCOM announced a "front end solution." I was scratching my head trying to find the tumble too.
Anyone else get that SA alert about Qualcomm buying Black Sand? Alert says RFMD & TQNT 'tumbled' after announcement. Down for the day but AH looks fine... Hope the 'tumble' is over already :/ GLTA
You are welcome, Juke.
Good luck!
RFMD-TriQuint Merger Completes HSR Waiting Period
http://finance.yahoo.com/news/rfmd-triquint-merger-completes-hsr-164010307.html
Zacks
By Zacks Equity Research
11 hours ago
The merger agreement between leading semiconductor manufacturer TriQuint Semiconductor, Inc. (TQNT) and rival RF Micro Devices Inc. (RFMD) has successfully passed the first litmus test with the completion of the applicable waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”). The news has come as a welcome relief for both the Zacks Rank #2 (Buy) stocks.
The waiting period under the HSR Act is usually 30 days and commences once both the companies file a premerger notification report. The transaction can proceed with the successful completion of the waiting period or with the early termination of the same by the government. The waiting period can also be extended and regulators can impose an injunction on the transaction if they find any potential anticompetitive issues with the proposed merger.
The RF Micro – TriQuint merger is currently awaiting the approval of the respective shareholders along with the fulfillment of other mandatory closing conditions. The deal, valued at approximately $1.6 billion, is termed as a merger of equals and is expected to close in the second half of 2014. The combined entity is likely to create a behemoth in the semiconductor manufacturing industry, offering vital components to premier mobile companies like Apple Inc. (AAPL), BlackBerry Limited (BBRY) and Samsung Electronics Co. Ltd.
With annual revenues of about $2 billion, the combined entity will bring under a common platform all the critical radio frequency (RF) components that are essential for fabricating mobile devices, thereby creating an undisputed market leader with a diversified product portfolio. These include power amplifiers (PAs), power management integrated circuits (PMICs), antenna control solutions, switch-based products and premium filters.
This in turn will likely offer better bargaining power and make it tougher for customers such as Apple and Samsung to push back on pricing. With global smartphone users predicted to triple to 5.6 billion by 2019, the merger provides a huge revenue-generating potential to the new entity.
At the same time, the merger strengthens the combined company's ability to better serve the infrastructure and defense/aerospace industries with advanced gallium nitride (GaN) solutions for additional markets and applications, and foundry services to support radar, next generation base stations, optical communications and the Internet of Things. The newly formed entity is also expected to be a leading player in this sphere with approximately $500 million in annual revenues.
In addition, the merger will offer synergistic benefits and increase the profitability of the new company through economies of scale and mutual sharing of manufacturing expertise, research and development costs and adjustment of staffing expenses. The transaction is expected to generate $75 million of cost savings in the first year of its operation, followed by another $75 million in the second year. Post- merger, the deal is also expected to be accretive to non-GAAP earnings in the first full fiscal year of its operation.
HSR waiting period expires for RFMD, TriQuint business combination
June 17, 2014 7:03 AM
http://finance.yahoo.com/news/hsr-waiting-period-expires-rfmd-110311114.html
RF Micro Devices (RFMD) and TriQuint (TQNT) announced that the applicable waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 in relation to the previously announced business combination between RFMD and TriQuint, expired on June 13 with no action by the Federal Trade Commission or the Department of Justice. On February 24, RFMD and TriQuint announced that they had entered into a definitive merger agreement under which the companies will combine under a new holding company in an all-stock, merger-of-equals transaction. Upon completion of the transaction, RFMD shareholders will receive 0.2500 of a share of common stock of the new holding company for each share of RFMD common stock, and TriQuint shareholders will receive 0.4187 of a share of common stock of the new holding company for each share of TriQuint common stock. The companies anticipate that RFMD shareholders, on the one hand, and TriQuint shareholders, on the other hand, will each hold approximately 50% of the shares of common stock of the new holding company issued and outstanding immediately after completion of the transaction. Completion of the HSR Act waiting period satisfies one of the conditions required to finalize the transaction. The business combination is still subject to approval by both TriQuint’s and RFMD’s shareholders, other required regulatory approvals, and customary closing conditions.
Saw we cleared the antitrust regulatory hurdle, what's next? Any idea of when the merger is said to complete? No rush or worry, just curious.
GLTA
Broke $10 today, more on the rise...
Fingers crossed. Fast approaching 52wk high here. Let's get that last dime and get the ball rolling.
GLTA
Might break out above $10 in the next trading day or two
Klarman is in as well..
Hello Ray, that is a nice looking chart isn't it? I'm in this one too.
Gonna be a good week and month!!
How sure is the merger and when is the said merge? Thanks
Yes I'm thinking 9 by tomorrow.that was good financials for them
Fro! How do you like them apples! AH dropped a bit from a high of 8.70 (or so) but doubt we will have trouble plowing through that tomorrow. GLTA
I'm graciously expecting a small beat but those 10M will hopefully change that small to SMALL. lol mañana
Well Apple sold 10 million more phones than expected that's 10 mil more microphones than expected.
Crossed. Read something earlier that spoke of rfmd still being an 'undiscovered' gem. Naturally I concur. I'll buy the first round. Even if it's koolaid! GLTA
Agreed. Seems like a lot of funny business going on in the markets these days. More than usual anyway. MU is another example ing humble opinion. Who knows, 'they' have it all figured out... Supposedly, but I'd rather live free (or broke) than die in my knees.
GLTA
Disregard that they posted this morning and we were up 5 percent
So that's not good
Ned Davis Research downgrades RF MICRO DEVICES INC from NEUTRAL to SELL.BY Investars Analyst Actions - private
— 10:06 AM ET 04/07/2014
On April 7, 2014 Ned Davis Research downgraded RF MICRO DEVICES INC (RFMD
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) from NEUTRAL to SELL.
Doing some homework here... interesting stuff, indeed!
Best of luck! RFMD
-CP
GREENSBORO, N.C., March 25, 2014 (GLOBE NEWSWIRE) -- RFMD (RFMD), a global leader in the design and manufacture of high-performance radio frequency solutions, today announced it has signed a $9.7 million agreement with the Manufacturing and Industrial Technologies Directorate within the Air Force Research Laboratory (AFRL) to transfer and produce a 0.14 micron Gallium Nitride (GaN) monolithic microwave integrated circuit (MMIC) technology. The technology will be scaled to 6-inch diameter wafers using RFMD's industry-leading 6-inch GaN-on-Silicon Carbide (SiC) manufacturing line.
This has been steadily rising day by day. Few percent here and there, slow and steady wins the race. Fingers crossed for $10+ by Jan 15! Glta!
Over 4 million shares traded in 4 one million shr trades the past two days after hours, all above 8.03. Someone really wants shares
Something going on behind the scene
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RF Micro Devices, Inc. (Nasdaq:RFMD) is a global leader in the design and manufacture of high-performance radio frequency
components and compound semiconductor technologies. RFMD's products enable worldwide mobility, provide enhanced connectivity
and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network (WLAN), CATV/broadband
and aerospace and defense markets. RFMD is recognized for its diverse portfolio of semiconductor technologies and RF systems expertise
and is a preferred supplier to the world's leading mobile device, customer premises and communications equipment providers.
Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001-certified manufacturer with worldwide engineering, design, sales
and service facilities.
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