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Any idea how the numbers will look like tomorrow? Today's chart is a little mixed.
Right on. I might need to add a few shares again, too. I still think RFMD is always a trade worth. I'm not planning on investing long term in RFMD anymore. At times she just doesn't move enough to make it worth anymore. Just IMHO of course.
Anything is possible Mack.
I just want to keep an eye on that area. I own it but would add there if given a chance.
If that chance doesn't come and she just goes up from here - then I move up with my current amount of shares and don't add.
It's very simple. I don't care which way RFMD goes right now.
My thoughts are...If they were to disappoint even more on Jan 24 (after already warning) the street wouldn't take to kindly to that.
And the 4's are an obvious LT support area seen quite clearly on a finviz.
I think I did read the whole post. I was in and out of vacation mood so didn't do a lot in terms of stocks. I'm not really active in general for some reason :(
Yikes. My bad. LOL
Did you read the whole thread or just the headline? Because Scov and I were just going back and forth on support levels based on finviz and the 3.70 was based on a $4 support with the possibility of a tail.
Him and I often banter back and forth with each other with guesses on targets.
We find it entertaining to play with Ouija boards and Voodoo dolls. ;)
PLUS - It may very well still be possible?
My thoughts are...If they were to disappoint even more on Jan 24 (after already warning) the street wouldn't take to kindly to that.
And the 4's are an obvious LT support area seen quite clearly on a finviz.
I so didn't react *damn* I read your post of possible $3.70's and waited... too late... Congrats eastunder.
I have the 4.59's
Who took advantage of the $4.50 bargain shares?
RFMD 3Q earnings 1-24-12 AMC
RF Micro Devices(R) to Webcast Quarterly Earnings Conference Call on January 24, 2012
RF Micro Devices, Inc. (Nasdaq:RFMD), a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies, will host a conference call to review fiscal 2012 third quarter financial results on Tuesday, January 24, 2012 at 5:00 p.m. (ET). The conference call will be webcast live on the Company's web site at http://www.rfmd.com (under "Investors").
A telephone playback of the conference call will be available approximately one hour after the call's completion and can be accessed by dialing (303) 590-3030 and using the passcode 4500529. The playback will be available through the close of business on January 31, 2012.
RFMD will distribute fiscal 2012 third quarter financial results at approximately 4:00 p.m. (ET) on Tuesday, January 24, 2012.
Thanks Scov!
I added another set and now I will sit back and see if that lower support shows up.
Alway appreciated!
J
FWIW? Stoxline.com came up w/some Support #s
http://www.stoxline.com/quote.php?symbol=rfmd
Technical Analysis
as of: 2012-01-10 2:34:27 PM
Overall
Our rating system posted a NEUTRAL today, upgraded from lower rating. The market seems to stay at current move trend, but it could change at anytime. So it is not a good time to buy or sell, stay at where you are until next BUY or SELL signal.
Target
Six months: 7.56 One year: 9.05
Support
Support1: 4.41 Support2: 3.67
Resistance
Resistance1: 6.47 Resistance2: 7.75
Pivot
5.26
Moving Averages
MA(5): 4.95 MA(20): 5.25
MA(100): 6.26 MA(250): 6.38
MACD
MACD(12,26): -0.31 Signal(12,26,9): -0.25
Stochastic Oscillator
%K(14,3): 9.45 %D(3): 34.11
RSI
RSI(14): 33.03
52-Week
High: 8.48 Low: 4.41 Change(%): -44.9
Average Volume(K)
3-Month: 7473 10-Days 7542
Price and moving averages
Price and moving averages has closed below its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and BEARISH in mid-long term.
Bollinger Bands
RFMD has closed above bottom band by 5.3%. Bollinger Bands are 12.9% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.
Needham & Company on Communication ICs: 2012 Outlook - Initially Cautious But Expecting a Stronger Second Half
11:18 am ET 01/09/2012 - Street Insider
Needham & Company on Communication ICs: 2012 Outlook - Initially Cautious But Expecting a Stronger Second Half
Needham analyst, N. Quinn Bolton, said, "In 2010, semiconductor revenue grew 32% year over year. In 2011, however, industry revenue growth slowed dramatically as inventory levels increased and as economic uncertainty in developed countries mitigated strong demand in emerging markets. In aggregate, industry sales will be approximately flat year-over-year in 2011. With no quick fix to the European sovereign debt crisis and with inventory levels back to pre-downturn levels, we maintain a cautious outlook for semiconductor stocks entering 2012 and model only 2% revenue growth for the industry next year. We are watching several factors that could drive upside to our industry forecast and bolster investor sentiment, including the adoption of 3G entry smartphones, the Windows 8 operating system and ultrabooks, as well as a recovery in carrier capital expenditures. However, we believe a conservative outlook is appropriate entering 2012."
"Our cautious stance on semiconductor stocks entering the year stems from three factors: 1) inventory levels in the supply chain have risen to pre-downturn levels; 2) macroeconomic demand is unlikely to see a strong recovery in the near-term given ongoing sovereign debt issues in Europe; and 3) forward 12-month P/E multiples for large capitalization semiconductor stocks are currently near the high-end of their trading range over the past two years."
"Our outlook for the second half of the year is more constructive. From a macroeconomic perspective, we hope government officials in Europe will have outlined, if not implemented, a plan to deal with the sovereign debt crisis and restore stability to the financial markets. Benefiting many of our infrastructure communication IC companies, we expect to see an improved environment for carrier capital expenditures, both for wireline and wireless networks, as data traffic continues to grow exponentially. In the PC segment, we believe the combination of the launch of the Windows 8 operating system and broader availability of second-generation ultrabooks based on Ivy Bridge processors may spur a consumer PC upgrade cycle. Additionally, we believe broader availability of 3G entry smartphones will drive continued unit growth in the smartphone segment in particular and the overall handset segment in general. With these drivers in place, we currently expect a more normal seasonal pattern for industry sales in which 2H sales are stronger than 1H sales. If our view on industry revenue plays out as expected, we believe semiconductor stocks are likely to strengtheninto 2H12."
"Given our current cautious stance, we believe investors should not be in a rush to add to semiconductor positions early in the year but rather be patient and choose their entry points. With industry growth remaining muted in 2012, we find companies with exposure to the aforementioned trends are likely to grow faster than the market overall. We also like companies whose revenue streams are tied to specific product cycles rather than macroeconomic demand. Our favorite names heading into 2012 include Broadcom (Nasdaq: BRCM)(Buy), Cavium (Nasdaq: CAVM)(Buy), Inphi (Nasdaq: IPHI)(Buy), MaxLinear (NYSE: MXL)(Strong Buy), RF Micro Devices (Nasdaq: RFMD)(Buy) and Spreadtrum Communications (Nasdaq: SPRD)(Strong Buy). Our top defensive pick remains Microsemi (Nasdaq: MSCC)(Strong Buy)."
RFMD Expands Industry-Leading Portfolio of High Performance 2.4GHz Front End Modules for ZigBee(R)/HAN Applications
Press Release: RF Micro Devices – 1 hour 35 minutes ago.. .
LAS VEGAS, Jan. 10, 2012 (GLOBE NEWSWIRE) -- RF Micro Devices, Inc. (Nasdaq:RFMD - News), a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies, today announced the release of the RFFM6201, a 2.4GHz band single-chip Zigbee(R) front-end module (FEM) featuring an integrated power amplifier, low noise amplifier, and diversity switch.
RFMD's 2.4GHz RFFM6201 delivers industry-leading current consumption (170mA at rated power) and high-power performance (+23dBm) for Home Area Networking (HAN)/Smart Energy applications. The energy efficient RFFM6201 is pin-for-pin compatible with RFMD's popular RF6555 and offers 5dB higher output power, enabling customers to increase power output and range without requiring changes in product layout.
Rohan Houlden, general manager of RFMD's Wireless Connectivity business unit, said, "RFMD's expanding FEM portfolio supports our customers' rapid ZigBee(R) product launches while reducing component count, size, cost, and power consumption. RFMD's RFFM6201 ZigBee(R) FEM is specifically optimized for Smart Energy applications, including smart meters, energy usage control, or 'demand response,' and HAN devices. Beyond Smart Energy, the RFFM6201 is also suited for industrial, wireless sensing, and control applications requiring low power, high performance and assured reliability."
ZigBee(R) Smart Energy is the world's leading standard for home area networks (HAN) used by smart grid programs to boost energy management and efficiency in homes around the world.
From January 10 to January 13, 2012 at the 2012 Consumer Electronics Show (CES), RFMD will be showcasing its ZigBee and Smart Energy solutions in the ZigBee Alliance Pavilion in booth 21318J, at the Las Vegas Convention Center.
I think the 3.70's could come in the form of a tail as it tests that 4 area.
But I hope that holds as the low. I really do!
Your $4something sounds more realistic
given how far they’ve come since 2009 revisiting the $3.70s does seem extreme. Setting much higher lows in early 2012 makes more sense.
As you mentioned I now see that StockTA has adjusted/deleted their prior $5.54 and $5.00 support levels that carried over from the period prior to this morning’s activity.…no support levels being indicated at the moment. Be interesting to see what they come up with.
Enjoy your day, J!
Hello eastunder,
just came back from my Germany trip. 3 weeks away from everything was great. Just saw your postings. Thanks for sharing and happy New Year to you, too :)
RF Micro's December Revenues Dip
By Zacks Equity Research | Zacks
Revenue yields have plummeted for RF Micro Devices Inc. (RFMD) for the December quarter of 2011. Total revenue came to around $225 million against the previous estimates of $250 million.
Now we turn to the segmental overview. The Cellular Products Group (:CPG) revenues were disappointing coming in at $179 million. Management stated that this was mainly attributable to the softness in demand experienced in the Chinese market this quarter which exacerbated the sales of the 2G devices greatly.
Moving on, the Multi-Market Products Group (NYSE:MPG - News) had no favorable results either, recording around $46 million only due to the end-market slowdown which pulled back the revenues of the segment from achieving the company’s prior forecasts.
The poor sales coupled with inefficient factory utilization and stacked up inventories in this quarter have diminished RFMD’s current gross margin forecasts by 9 percentage points sequentially for the December 2011 quarter.
As per Nasdaq.com, after the company’s quarterly revenue announcement, RF Micro’s shares deteriorated 16% in after-hours trading which again aggravates the areas of concern for RFMD and its investors.
In spite of the clouded scenario currently jeopardizing RFMD’s growth prospects, management has been optimistic about its March 2012 quarter. It believes that the company would stand strong against the winds of fiscal pressures of the macro environment and also ameliorate handset demands and MPG’s end-market sales. It relies on the company’s existing dominating market position, product and technological innovations and new contract awards to be hopeful of a full scale recovery and commendable growth results by fiscal year 2013.
However, further information on this subject is expected on RF Micro’s earnings release and conference call on January 24, 2012.
Operational since 1991 and headquartered in Greensboro, North Carolina, RF Micro Devices Inc. is a world leader in manufacturing and developing radio frequency devices and compound semiconductor solutions. It primarily caters to the original equipment producers and original design manufacturers in the US and other countries. Currently, the company’s greatest rivals are Broadcom Corp. (NasdaqGS:BRCM - News) and Skyworks Solutions Inc. (NasdaqGS:SWKS - News).
Kaufman Bros. Cuts Price Target on by 33% on RF Micro Devices (RFMD), Sees Margins at Lows
January 6, 2012 10:56 AM EST
Kaufman Bros. is maintaining its Buy rating on shares of RF Micro Devices (NASDAQ: RFMD), but is reducing its price target from $9 to $6 to reflect the company's new Q3 outlook.
For the third quarter, management now forecasts sales will total around $225 million, down 10 percent from the company's previous guidance of $250 million. The company claimed the lower expectations were due to "weakness in China 2G, as well as from Samsung component procurement seasonality, and broad weakness in its Multi-Market Products Group," reports Kaufman.
After factoring the weaker sales, inventory write-downs, and reduced utilization, gross margin looks to fall roughly 9 percent for the third quarter.
An analyst at Kaufman comments, "We believe that RFMD's gross margins are at or near a bottom as its normalized operating model may actually improve from a change in mix as its product cycles in converged power amplifiers, high efficiency power amplifiers, and high performance switches remain in front of the company."
For FY12 and FY13, the firm is lowering its EPS estimates from $0.40 and $0.65 to $0.22 and $0.36. Kaufman is also reducing its FY12 and FY13 sales estimates from $953 million and $1.153 billion to $887 million and $958 million.
DA Davidson Downgrades RF Micro Devices (RFMD) to Neutral; Cutting Estimates After Pre-Announcement
January 6, 2012 10:46 AM EST
DA Davidson downgraded RF Micro Devices (NASDAQ: RFMD) from Buy to Neutral, price target cut from $7 to $5.
DA analyst said, "We hate to shoot first and ask questions later but RFMD leaves us in a predicament. We believe the company has made good strides with Powersmart and Phenom but, until we get clarity around the margins, we are sitting this out. We are reducing our estimates for FY’12 and FY’13 and lowering our price target."
DA lowers FY12 EPS estimate from $0.38 to $0.26 and FY13 from $0.47 to $0.37.
Needham & Company Lowers Estimates & PT on RF Micro (RFMD); Softer Than Expected MPG and China 2G Demand
January 6, 2012 9:55 AM EST
Needham & Company maintains a 'Buy' on RF Micro Devices (NASDAQ: RFMD) price target lowered from $8 to $6.
Needham analyst says, "RFMD pre-announced F3Q12 (Dec) results citing both broad weakness in its MPG business and weaker than expected demand for 2G components from China-based customers. As a result, sales will be about 10% lower than previously forecast and GM will decline approximately 900bps sequentially. Though the near-term results are disappointing and force us to reduce our forward estimates, we continue to believe RFMD is gaining share at multiple tier-one OEMs with its expanding portfolio of 3G/4G components including its PowerSmart and Phenom PAs and its antenna switch and control products. Given its design win momentum with new products and our expectations that the MPG business will recover in the June quarter, we maintain our Buy rating on RFMD shares and view the pullback as a good buying opportunity."
"We have reduced our FY12 and FY13 estimates to $888MM/$0.22 and $935MM/$0.30 from $943MM/$0.38 and $1,088MM/$0.53, respectively."
Oppenheimer Downgrades RF Micro Devices (RFMD) to Perform
January 6, 2012 7:34 AM EST
Oppenheimer downgraded RF Micro Devices (NASDAQ: RFMD) from Outperform to Perform.
RFMD: Oppenheimer, Davidson Say Hold; Margins a Mystery.Apple’s iPhone Survived 4G Android Push, Says Canaccord
By Tiernan Ray
Shares of wireless chip maker RF Micro Devices (RFMD) are down $1.07, or almost 19%, at $4.58, and traded as low as $4.45, after the company last night said its December-quarter fiscal Q3 revenue will miss analysts’ estimates on weakness in sales of 2G cellular handsets, as well as its “multi-market products group.”
The stock got two downgrades this morning, one from Oppenheimer & Co.’s Ittai Kidron, who cut his rating on the stock to “Perform” from “Outperform,” and by D.A. Davidson’s Aalok Shah, who cut his rating on the stock to Neutral from Buy.
Shah, who also lowered his price target to $5 from $7, writes that the weakness was not totally unexpected, as the company had warned about “mixed signals” in the market for its chips in China, and at customers HTC (2498TW), and MediaTek.
But the mystery, writes Shah, is the company’s warning that gross profit will decline by nine percentage points. That may mean competition is heating up for chip business in the cheaper 2G phones:
The 900 basis point decline in gross margin is a big surprise. We understand mix and under-utilized assets have an impact, but to see this level of a decline, given that MPG revenues were already down 10% in the September quarter and gross margin in that quarter actually managed to increase sequentially. The company did not hold a conference call to explain this but it is possible that it is taking some inventory write-downs. If this is mostly related to weakness in the 2G market, this worries us even more, given that we see increasing competition in this space and pricing pressure will become an even bigger concern. This could lead to several quarters of depressed gross margin.
RF Micro didn’t’ offer an outlook for the quarter’s but profit, but Shah estimates it will probably be 3 cents a share, down from his prior expectation for 11 cents a share.
Kidron writes of the margin issue, “We believe ~3 pts. relates to inventory absorption with China (a false recovery in September) and potentially Samsung (channel fill) contributing factors. We expect only slight improvement in March as seasonality weighs further on utilization.” He cut his Q3 EPS estimate to 2 cents from 10 cents.
On the other hand, Cody Acree with Williams Financial Group writes that there’s better times ahead:
We are obviously disappointed by the news, particularly as macro China issues are obscuring the company’s substantial progress with multiple new products into multiple new leading OEMs. Although the Chinese inventory correction will likely linger into the March quarter, we do not believe this issues changes anything about RFMD’s opportunity to perform through 2012/13 as new product growth begins to eclipse legacy revenue, driving gross margins and profitability.
Good Morning Scov :)
I love it when a stok drops down so far that StockTA doesn't have any support levels listed because it wasn't thinking that low. ;)
I imagine at some point they will update that to show the historical support levels that come in lower.
You do math games like I do. LOL I like your average.
Right now I'm thinking 4's but your 3.71 sounds fair.
Currently outside the bollie. I wonder if she might have a few more down days off that gap down?
IT just death crossed. ARRRRRR! I hope that turns around quickly.
Ouch, that looks painful :o(
What are you thinking support will be?
Average for the 3 previous lows shown in your prior chart $3.72 + $3.76 + $3.65 = $11.13 / 3 = $3.71. Activities leading up to yesterday StockTA is left showing …. http://www.stockta.com/cgi-bin/analysis.pl?symb=RFMD&cobrand=&mode=stock
Type Value Conf.
supp 5.54 12
supp 5.00 4
RF Micro Devices Reels Following Revenue Warning
Written By Matt Egan
Published January 06, 2012
FOXBusiness
Shares of RF Micro Devices (RFMD: 4.51, -1.13, -20.04%) plunged 20% to 52-week lows Friday morning as shareholders and analysts alike were spooked by a revenue warning from the chipmaker.
Citing weaker-than-expected sales of 2G components to Chinese customers, the Greensboro, NC, tech company said late Thursday it expects to post fiscal third-quarter revenue of $225 million, missing its own forecast for $250 million.
RF Micro Devices also cited “broad weakness” in the end markets of its multi-market products group and warned it expects its gross margins to shrink quarter-over-quarter due to lower revenue, lower factory utilization and inventory reserves.
However, MF Micro said sales of its components for 3G and 4G smartphones rose 16% quarter-over-quarter.
“RFMD is navigating broadly lower demand in 2G handsets and softness across MPG's markets,” CEO Bob Bruggeworth said in a statement. “Despite this challenging macro environment, RFMD is winning new business with industry-leading products and technologies, and we fully expect to grow in fiscal 2013.”
Still, Wall Street punished RF Micro Devices for the gloomy news, sending its stock plunging 19.36% to $4.55 Friday morning. The losses come on top of a 27% decline in RF’s stock over the past year.
The stock was also hit by some negative commentary from analysts.
Oppenheimer downgraded RF Micro to “perform” from “outperform,” while Bank of America Merrill Lynch trimmed its price target from $5.50 to $4.50.
RFMD's Weird Warning
http://www.forbes.com/sites/terokuittinen/2012/01/05/rfmds-weird-warning/?partner=yahootix
RFMD plunged nearly 16% after hours due to a stiff warning about a 10% revenue shortfall in the December quarter. What’s interesting here is that RFMD cited very specifically Chinese 2G orders that weakened abruptly towards the end of the quarter. 10% sales shortfalls are relatively unusual – even more so when a company highlights a very specific product category in a single country.
Investors have been recently mulling over the big contrasts in the handset market. HTC issued two devastating warnings in November, basically fessing up to having been far too aggressive with its volume plans for the Christmas. LG’s advances ground to a halt already last summer.
But Samsung is steaming towards as many as 35 Million smartphones sold during 4Q11 – and Apple‘s iPhone volume estimates have floated above 30 Million as well. By and large, HTC and LG warnings were interpreted as signs of their market share erosion in Western Europe and North America – an inability to keep up with the Samsung-Apple duo, which is suddenly threatening to turn the smartphone market into something of a duopoly.
There have also been suspicions about Western European demand weakness, which may have impacted HTC and LG particularly harshly due to their big presence in EU markets combined with their second-tier status. But the RFMD warning specifically cites the kind of cheap, low-tech handsets that emphatically do not belong to LG and HTC portfolios.
The curious factor here is China’s solid subscriber addition numbers from November. China has been finally – and belatedly – moving from GSM phones to various 3G technologies over the past year. But China Mobile added more than 2.5 Million new GSM subscribers in November despite the rapid growth of its advanced TD-SCDMA standard. China Unicom still added 200 K new GSM subs despite its W-CDMA growth. There haven’t been concrete signs of sudden softening of Chinese 2G market – until now.
Handset investors are now left pondering what the pronounced weakness of LG, HTC and RIM combined with the RFMD warning means. Are we facing high-end softness in EU markets combined with low-end softness in China? Could this all be mostly market share shuffling?
I argued in December that chip names such as NVDA and RFMD were going to fall – but that was based on European trends. It will be truly interesting to hear other sector names comment on the Chinese situation. Has there been a sudden shift towards 3G sales or is the low-end market softening due to economic jitters in China? Investors were blindsided by this, as the after hours action of RFMD demonstrates.
Big gap down headed your way. It will be interesting to see how it settles today.
RF Micro Cuts Dec Qtr View
RF Micro Devices this afternoon reduced its guidance for its fiscal third quarter ended December 31.
The company, which makes RF chips used in mobile phones and other products, said revenue in the quarter was $225 million; the Street has been expecting $250.2 million.
The company said revenue from its cellular products group was below expectations, “as sales of 2G components to China-based customers for entry-level handsets were below expectations.” RF Micro also said that revenue from its multi-markets group reflected “broad weakness” in its end markets.
RF Micro said that “customer demand softened during the December quarter, with end-of-quarter 2G demand significantly below customer forecasts.”
The company added that gross margin for the December 2011 quarter will decline about 9 points sequentially, due to the lower revenue, lower factory utilization, and inventory reserves.
RF said it expects “normal seasonality” in the March quarter.
Thanks Mack!
Sorry about the delay. LOL
I hope the New Year brings you great fortune!
J
RFMD(R) to Showcase Industry-Leading ZigBee(R) Front End Solutions at 2012 International CES Show
Press Release: RF Micro Devices – 3 hours ago.. .
GREENSBORO, N.C., Jan. 4, 2012 (GLOBE NEWSWIRE) -- RF Micro Devices, Inc. (Nasdaq:RFMD - News), a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies, today announced it will showcase its industry-leading portfolio of ZigBee(R) Front End Modules (FEMs) at the upcoming 2012 International Consumer Electronics Show (CES) in Las Vegas.
RFMD's innovative ZigBee product portfolio supports a wide range of Smart Energy, Home Area Network (HAN), and Machine-To-Machine (M2M) applications, and RFMD's products are featured on many of the industry's leading third-party chipsets and reference designs. RFMD's RF6555, for example, is mated with multiple leading reference designs and is optimized for battery-operated solutions, enabling low 70mA current consumption for ZigBee and other 2.4GHz applications.
Rohan Houlden, general manager of RFMD's wireless connectivity business unit, said, "RFMD's highly efficient ZigBee front end modules are aligned with the world's leading ZigBee transceiver solutions, enabling rapid design implementation, extended range and improved current consumption in small cell and AA-battery operated ZigBee products."
RFMD(R) is a member of the ZigBee Alliance and will be displaying its ZigBee and Smart Energy solutions in the ZigBee Alliance Pavilion, in booth 21318J from January 10 to January 13, 2012, at the Las Vegas Convention Center.
About RFMD
RF Micro Devices, Inc. (Nasdaq:RFMD - News) 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. RFMD is traded on the NASDAQ Global Select Market under the symbol RFMD. For more information, please visit RFMD's web site at www.rfmd.com.
Hello eastunder,
thanks for your input. It's much appreciated. Happy holidays, merry Christmas and a happy new year ;)
RFMD Fundamentals
R F Micro Devices Inc. (RFMD) Nasdaq Elec-Semiconductor MFG.
As of 12-13-11
Year EPS Price
(dec) ($) High low
_________________________
2005 -.02 7 3
2006 .23 9 5
2007 .49 8 5
2008 .21 5 1
2009 -.03 5 1
2010 .48 7 3
2012 .41 est
2013 .57 est
Dec-10 420
Mar-11 439
Jun-11 429
Sep-11 469
Q EPS ($) % chg Sales($ Mil) % chg
Dec 09 .14 +380% 250.3 +24%
Mar 10 .16 +260% 260.8 +51%
Jun 10 .16 129% 273.8 +29%
Sep 10 .19 +46% 285.8 +12%
Dec 10 .19 +36% 278.8 +11%
Mar 11 .08 -50% 213.3 -18%
Jun 11 .08 -50% 214.2 -22%
Sep 11 .11 -42% 243.8 -15%
I know but the lets see at one year chart, we hit $5 twice. I assume they will do anything possible that it won't go past that? But hey, $4 look good, too to either get in or average down massively.
I only have the one set right now Mack - and it's higher then where she is currently trading at.
(I have never claimed timing as an asset - just patience. ;)
And Thank you! Happy 3rd advent to you and your family, as well.
Hey eastunder, happy 3rd advent to you and your family.
What's the low you got in this time?
Sounds great.Thanks for the information. Yeah i liked it too after looking into it..Good luck to you too
lol...no once you get in it will go up!!! i believe in you..lol
I actually like RFMD. I have owned it back and forth for a very long time.
I'm not looking for a quick gain like one would be in a flip.
I like to stay around for a bit and since I'm just starting the build on RFMD again - I won't be selling anytime soon. I need to get that position built up first before I start taking gains.
Good luck on the flip!
I'm shooting for some $5 to $5.50 before I start flipping this again. But like I wrote before, I have a feeling, if I hit that price range and once I'm in, it will drop even lower.
GLTY and as always Go $RFMD
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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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