RF Micro Devices, Inc. (RFMD)

[eastunder]

Of course...and beats me!

I can't figure out which way it wants to go, although I am leaning towards up but just don't trust the over all market and the whole Syria thingy.

Is this Sept? ;) Sept can be an iffy month anyway.



Here's a couple new things

http://www.insidermonkey.com/blog/hedge-funds-are-crazy-about-rf-micro-devices-inc-rfmd-233299/

http://www.stoxline.com/quote.php?symbol=rfmd

http://seekingalpha.com/article/1671652-rf-micro-low-risk-high-rewards?source=yahoo

[DaddyDog]

Hi Jen - are you still following this stock? If so... what do the charts say? Thanks

[DaddyDog]

That certainly sounds like good news..., but will the pps reflect that or will it continue to languish. I just don't know what will kick start this back to where it should be trading.

[cushsix]

Breakthrough CMOS Power Amplifiers

RFMD(R) Surpasses Shipment Milestone With Breakthrough CMOS Power Amplifiers

GREENSBORO, N.C., Aug. 26, 2013 (GLOBE NEWSWIRE) -- RFMD (Nasdaq:RFMD), a
global leader in the design and manufacture of high-performance radio frequency
solutions, today announced it has shipped more than one million RF7196D
high-power, high-efficiency CMOS power amplifiers (PAs). The ultra-low cost
RF7196D is RFMD's newest and most innovative CMOS PA, delivering a
revolutionary combination of cost, size and performance. It is in mass
production in support of multiple high-volume 2G and 3G handset platforms, and
shipments are expected to increase rapidly, reaching approximately 10 million
units by the end of the September quarter.

RFMD is seeing strong adoption of its CMOS power amplifier technologies in
next-generation handset platforms targeting emerging markets. The Company is
migrating its diverse set of customers of 2G power amplifiers (both GaAs and
CMOS) to its ultra-low cost RF7196D and expects shipments will more than double
in the December quarter and exceed 100 million units worldwide in calendar
2014.

[DaddyDog]

Nice move - anyone else watching this one? What prompted the move up and can it continue?

[Trueheart]

Apparently, the market does not give a hoot about Barclay's down grade.

It held well in the early market and is not going up nicely.

Trueheart

[eastunder]

Oh, I see. Thanks. Here is some info on that:


RFMD: Barclays Cuts to Hold; Smartphone Estimates Still Coming Down

By Tiernan Ray

Following a better-than-expected fiscal Q1 report last week by wireless chip vendor RF Micro Devices (RFMD) last week, Barclays‘s Blayne Curtis nevertheless cuts the stock to Equal Weight from Overweight, and cuts his price target to $5 from $7, writing that the “catalysts” for the stock he foresaw “have largely played out.”

Those catalysts had included gains by RF Micro at Samsung Electronics (005930KS) and Apple (AAPL). Curtis also reiterates an Equal Weight rating on shares of Skyworks Solutions (SWKS) and cuts his target to $20 from $24.

“We do believe RFMD has executed well but we now see more risk to estimates than upside and believe investors will be unwilling to assign a premium multiple given the uncertainty in the mobile market,” writes Curtis.

With areas of the smartphone market still facing downward pressure in unit shipment estimates, a lot seems to hang on Apple’s introduction of an iPhone “5S” this fall:

Samsung just saw a large correction in GS3/4 and Note 2/3 builds (down 50%+ from March to Sept), so the high-end group at Samsung likely has less risk for a correction into Q4; however, we believe mid/low-range smartphones still have more room to correct and represent a risk to SWKS, RFMD and Broadcom (BRCM). There is risk that China sees a correction after seeing a very robust C2Q. Certain companies in the supply chain (RFMD) are baking in a down Sept where SWKS is baking in growth. This then places a major emphasis on the success of the IP5S refresh cycle.

Curtis goes further and thinks that the next version of the iPhone after the 5S, an “iPhone 6,” could actually cut the amount of amplifier chips, which would not be good for RF Micro and others:

While it may seem early to think about the AAPL IP6 with the IP5S not yet released (est. Sept/Oct ’13 launch), we believe the IP6 moves to a multi-mode PA (MMPA) architecture similar to the Samsung GS4. The shift toward an MMPA architecture is a rational move by OEMs to reduce the overall RF BOM (AAPL increasingly focused on reducing semi BOM and pressuring vendor margins). Given this, we see the potential for the IP5S to have peak content as it stayed discrete yet likely added 3-4 additional LTE bands. AAPL is still the largest driver for the RF market given there is 3-4x the amount of RF content per phone.

The one stock that Curtis seems positive about in the group is Avago Technologies (AVGO), with the company having “very little China exposure” and a larger business at Apple than at Samsung.

RF Micro stock is off 23 cents, or 4.4%, at $5.28, while Avago stock is down 34 cents, or 0.9%, at $36.44.

[Trueheart]

All is well with me and I hope as well with you.

Barclay's downgraded RFMD to equal weight and dropped the target price to $5. Should be an interesting day for the stock tomorrow.

Trueheart

[eastunder]

Hey True - I was out all day long. Missed the whole day! :(
Hope all is well!

[Trueheart]

Hiya, Eastunder. This stock has been bottom fishing all day long. I like it and am considering a buy.

Trueheart

[eastunder]

RFMD: Craig-Hallum Ups to Buy from Hold; Ups Tgt to $7 vs $5.5

Wednesday, July 24, 2013 08:16ET


Issuer: RF Micro Devices Inc (NasdaqNM: RFMD)

Analyst Firm: Craig-Hallum Capital Group LLC

Ratings Action: UPGRADE

Current Rating: Buy (from Hold)

Target Price Action: INCREASE
Target Price: $7.00 (+27.27% from $5.50)

http://www.knobias.com/story.htm?eid=3.1.dab349ae489988e59dd7bc2e0a84601c840bd19e1c228909dd0bfda6603509a1

[eastunder]

RFMD: Q1 EPS 9c vs 1c Beats 7c Est; Guidance In-Line with Consensus

Tuesday , July 23, 2013 16:16ET


QUARTER RESULTS
RF Micro Devices Inc (RFMD) reported Q1 results ended June 2013. Q1 Revenues were $293.00M; +44.58% vs yr-ago; BEATING revenue consensus by +1.76%. Q1 EPS was 9c; +800.00% vs yr-ago; BEATING earnings consensus by +28.57%.

Q1 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $293.00M      $202.66M     +44.58%      $287.93M      +1.76% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                  9c            1c    +800.00%            7c     +28.57% 
 ----------  ------------  ------------  ----------  ------------  ----------

http://www.knobias.com/story.htm?eid=3.1.8d46b07307a66400864915328690146473e21cf4819a7ee5fbaaa9066ef957df

GUIDANCE

Q2-13 Earnings Outlook [10c - 11c]: The Q2-13 earnings forecast is in-line with current consensus estimates.

[eastunder]

7/23 RF Micro Devices® Grows 45% Year-Over-Year, Delivers Record Revenue Of $293.0 Million

Tuesday , July 23, 2013 16:00ET

http://www.knobias.com/story.htm?eid=3.1.e963f841ad00d2042565b1861ff634f1d8f254382c0d8ece93ffe32bfbe23125


GREENSBORO, N.C., July 23, 2013 /PRNewswire/ --

Quarterly Highlights:
-- Revenue Increases Approximately $90.3 Million Year-Over-Year To $293.0
Million
-- On A GAAP Basis, Gross Margin Is 31.9% And GAAP Diluted EPS Is $0.01,
Versus $(0.07) In Q1 Fiscal 2013
-- On A Non-GAAP Basis, Gross Margin Is 35.1% And Diluted EPS Is $0.09,
Versus $0.01 In Q1 Fiscal 2013
-- RFMD Anticipates Revenue Of Approximately $305 Million To $310 Million
And Non-GAAP EPS Of Approximately $0.10 To $0.11 In The September 2013
Quarter


RF Micro Devices, Inc. (Nasdaq GS: RFMD), a global leader in the design and manufacture of high-performance radio frequency solutions, today reported financial results for the Company's fiscal 2014 first quarter, ended June 29, 2013.

Quarterly revenue increased approximately 4.4% sequentially and 45% year-over-year to a record $293.0 million, compared to $280.6 million in the prior quarter and $202.7 million in the corresponding period of fiscal 2013. The sequential and year-over-year increases in revenue reflected broad-based adoption of RFMD's best-in-class RF solutions.

GAAP gross margin for the June 2013 quarter was 31.9%, quarterly operating income was $3.2 million, and quarterly net income was $1.6 million, or $0.01 per share.

On a non-GAAP basis, gross margin expanded by 70 basis points sequentially and 100 basis points year-over-year to 35.1%, quarterly operating income totaled $28.0 million, and quarterly net income was $25.6 million, or $0.09 per diluted share.

Strategic Highlights
-- RFMD's Cellular Products Group (CPG) achieved highly-diversified,
year-over-year revenue growth of 56%, led by nearly every major
manufacturer of smartphones, tablets, and handsets, across all tiers and
air standards
-- CPG benefited in the entry smartphone segment from participation on
major reference designs and expanding customer engagements at Lenovo,
Coolpad, Skycom, WaterWorld, and others
-- CPG enjoyed increasing industry adoption of its envelope tracking and
antenna control solutions
-- CPG's leading carrier aggregation switch portfolio was selected to
enable the world's first LTE-Advanced handset
-- RFMD's Multi-Market Products Group (MPG) delivered broad-based
sequential revenue growth across multiple markets, including WiFi, Power
Broadband, and Hi-Rel applications
-- Year-over-year, MPG achieved 10.4% growth, with high-performance WiFi
growing 77%, led by expanding participation on leading consumer premises
equipment platforms

[DaddyDog]

Do you see any targets here with the pps?... short range and long range?

[eastunder]

RF Micro Devices(R) to Webcast Quarterly Earnings Conference Call on July 23, 2013


RF Micro Devices (NASDAQ:RFMD)

RF Micro Devices, Inc. (Nasdaq:RFMD), a global leader in the design and manufacture of high-performance radio frequency solutions, will host a conference call to review fiscal 2014 first quarter financial results on Tuesday, July 23, 2013, 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 4627660. The playback will be available through the close of business July 30, 2013.

[eastunder]

I do. I just own many stocks and I don't pay attention to a lot of them. I just let them do their thing.

So far....RFMD is just doing it's thing. ;)

Consolidating.

I'm hoping it holds it's bright blue trend line but then again we are starting into 'pull back season' amongst all the stocks.

It's best I ignore RFMD right now. LOL because I hope the trend shift it is working on is up.... but she just might be heading to a pull back? There are some mixed signs with the negatives ruling the roost.

The Apple deal on the iPhone 5S would be cool.

[eastunder]

QCOM, SWKS, RFMD: Wireless Names Weak on Apparent Mobile Slowdown

July 8, 2013, 11:24 A.M. ET

http://blogs.barrons.com/techtraderdaily/2013/07/08/qcom-swks-rfmd-wireless-names-weak-on-apparent-mobile-slowdown/?mod=yahoobarrons

By Tiernan Ray

Shares of chip makers, especially the wireless variety, are weaker today as analysts ponder the impact from lower-than-expected results reported Thursday and Friday by Samsung Electronics (005930KS) and HTC (2498TW).

Mark McKechnie of Evercore Partners, reiterating an Overweight rating on shares of Qualcomm (QCOM), and a $75 price target, cuts his estimates for this year and next, “to reflect a deeper look at near- term patterns for top customers AAPL and Samsung.”

McKechnie now sees Qualcomm delivering $24.2 billion in revenue and $4.51 per share in profit this fiscal year ending in September, down from a prior $24.36 billion and $4.55. For next year, he goes to $25.95 billion and $4.85 from a prior $26.36 billion and $4.90 per share.

McKechnie’s “checks” of the supply chain reinforce the cautious view of his colleague Patrick Wang’s trip through Asia recently, and he now sees Samsung’s Galaxy S4 sales not making up for the “product transition” of Apple (AAPL) from the iPhone 5 to an expected iPhone 5S this fall:

While US and China sales of the GS4 came up strong in our checks, Europe and Korea came up light, due in part we believe to limited 4G/LTE coverage in Europe and subsidy cuts in Korea. All in we anticipate ~ 22M GS4’s sold in Q2 vs. ~ 25M built. This will be offset by the GS4 mini which will help QTL royalties but not QCT chips as we believe the mini uses BRCM (OW, $33.77, covered by Patrick Wang) […] iPhone 5S and low-cost delayed ~ a month; this is not a major issue, but impacts near-term forecasts for QCOM – our forecast assumes a mid/late September intro, and 3) solid ramp of white box China OEMs which helps QTL but not QCT.

And Citigroup’s Glen Yeung, who today wrote about weakness in the PC market, and the weak outlook for Intel (INTC), also reiterated a Buy rating on Qualcomm, and an $81 price target, while removing the stock from the firm’s Top Picks Live ranking.

Yeung thinks the Samsung report last week points to a “substantial deceleration” in high-end smartphones:

Following on from Apple’s disappointing sales of iPhone5, production of Samsung’s Galaxy S4 is poised to decline ~20% in 3Q13, just one quarter from its launch. HTC’s flagship One phone is following similar trends, with sell-in demand sustained for a mere 2 months (April/May) before a production fall-off. We attribute the lackluster sales of high-end smartphones primarily to market saturation, noting that smartphone penetration in developed markets (the primary markets for high-end phones) has reached 75%, with full saturation (85%) expected to be achieved in 2014. When adding that the marginal utility of smartphone innovation is waning precipitously, we suspect high-end smartphone sales may be facing substantial deceleration. We admit that some controversy exists over the magnitude of Apple build plans in 2H13, although we err on the side of lower estimates given the high build cost (hence high subsidies) associated with Apple’s low-cost iPhone. We have been recommending Qualcomm on the premise that after a weak 1Q13, sales/margins would improve in 2H13; we still believe this to be true, albeit with reduced conviction. While we do not revise our estimates at this time (we are already modestly below consensus for 3Q13), we remove QCOM from Citi’s Top Picks Live! list reflecting the overhang from a saturating smartphone market.

Cautious, but not as negative, this morning is D.A. Davidson‘s Aalok Shah writes that the results suggest “muted demand” for high-end smartphones:

We have been worried that the market for smartphones will see a) stretched replacement cycles and b) the next wave of growth focusing on emerging markets where price sensitivity is critical. We believe the recent results from RIMM (BBRY), HTC and now Samsung may be pointing us in the direction that the lack of new, innovative features is leading to more muted demand. Of course, to fully test this hypothesis, we need to see how the iPhone 5S does, but we remain concerned that the smartphone cycle is beginning to enter a new phase where component vendors will face significant ASP pressure as handset OEMs themselves will be forced to compete against low cost alternatives.

Still, he doesn’t view the Samsung situation as a disaster, but actually still relatively healthy:

Recently, Korean news site iNews24 released a report claiming that Samsung has shipped over 20 million Galaxy S4s. While this has not yet been validated, if true we see it as a positive for demand; it will have taken roughly two months to reach the 20 million mark versus 100 days to hit the same level with the GS3 and ten months for the GS2. We believe these numbers are based on “sell- in” not “sell-through.”

Shah, who rates RF Micro Devices (RFMD) a Buy, as well as Skyworks Solutions (SWKS) and TriQuint Semiconductor (TQNT), offers that the rumored iPhone 5S, and perhaps a rumored lower-cost iPhone, may be of benefit to his favorite names:

Our current belief is that the iPhone 5S will stand as an updated version of the iPhone 5; sharing a similar RF architecture and form. We believe most of the dollar content per device will remain the same. Although the release of a low cost iPhone is yet to be confirmed, we believe it is the most logical choice for Apple. Emerging regions offer the most potential for smartphone penetration and open a significant opportunity for a resurgence of growth. Our belief is that the device will be in the sub $200 range to compete with other players in the space. While predicting the internal design of a new device is difficult as there is no historical precedent to follow, we do see several opportunities for increasing dollar content in the device. We continue to believe RFMD may have secured a PA socket win, it’s first at Apple, and that TriQuint may have won the BAW filter content as they now have the capacity.

As far as the stocks, “We believe that a 5%-8% sequential downtick in Samsung related orders was already in our PA related names forecast.”

Qualcomm stock today is down 3 cents, or 0.6%, at $60.56; RF Micro shares are down 3 cents, or half a percent, at $5.34; TriQuint is down 16 cents, or 2%, at $7.03, and Skyworks is off 35 cents, or 1.6%, at $21.50.

[DaddyDog]

Jen - are you still holding this? The doom and gloom about apple and Samsung is killing me. Do you see any positive prospects?

[DaddyDog]

Not holding up so good today though.

[DaddyDog]

I think we held up pretty well given how low the market went - I just hope we can spring back just a fast as we went down.

[xray44b9]

50 Day MA (5.38) giving this thing trouble as usual.

[xray44b9]

Today's action is really making me start to think that the analysts are truly anticipating some good numbers coming from the company. To be acting this way in a down market is pretty remarkable for this stock. The volume isn't great but the sellers just seem a lot less interested.

Next resistance areas are 5.45, 5.50, 5.60 and 5.75 (roughly the top of the current ascending channel), then blue skies and 2011 levels. Not saying it's going to get there but that's the basic technical setup.

[xray44b9]

RF Micro Devices recommended on strong Spreadtrum numbers at Northland


"Northland recommends buying RF Micro (RFMD) on strong Spreadtrum (SPRD) numbers and said RF suppliers will benefit from strength in low-end Chinese smartphones. The firm adds that Omnivision (OVTI) and InvenSense (INVN) should benefit from strong image sensors and gyroscope volumes."

Maybe this stock can now follow through for more than one day.


http://finance.yahoo.com/news/rf-micro-devices-recommended-strong-132459912.html

[eastunder]

Nice! Thanks!

[xray44b9]

Another Charter Equity Upgrade link:

This gives a bit more insight into the "Strong Buy" component:

http://www.streetinsider.com/Analyst+Comments/RF+Micro+Devices+%28RFMD%29+Wins+Content+in+iPhone+5s+-+Analyst/8402696.html?si_client=st

[eastunder]

That's correct. Davidson was 7.

http://www.streetinsider.com/Upgrades/DA+Davidson+Upgrades+RF+Micro+Devices+%28RFMD%29+to+Buy/8379241.html

If they placed a target on todays upgrade it will eventually show up.

Thank you. :)

[xray44b9]

Not a clue. But didn't DA Davidson have a target of 7? Maybe in that neighborhood or a little higher.

[eastunder]

Thanks for posting the link.

Any idea on the target that goes with that upgrade?

[xray44b9]

Here's the note from their website:


"Big wins on iPhone 5S will likely boost prospects in 2H13. Upgrade to STRONG BUY. (June 10, 2013)"

http://www.charterequityresearch.com/Coverage/RFMicroDevicesRFMD/tabid/65/Default.aspx

[cushsix]

RFMD raised to STRONG BUY by Charter this am.............

[xray44b9]

yep looks like today's presentation was received with the usual who cares? so the lower part of the channel is looming. Dropped below the 50 today so it's all downhill for a while.

[eastunder]

That was the area I was watching for anyway. Thanks!

[xray44b9]

Looks like this one is starting to go opposite of market now--it should have recovered and bounced with the NAZ but didn't. Funds are hitting the bid in a major way. Look for a possible pullback to the 5 area. Just can't find enough buyers to offset the profit taking.

[eastunder]

I have never been good about seeing the "summit" in a chart. LOL

But what I am watching right now is the daily finviz chart and the resistance line (Pink)- hoping for a move above that and with higher volume to help encourage my thinking. :) I think some indicators in a regular chart show that move is possible right now.

I have traded some of the lower priced shares and I will add if there is a pull back to the blue line, should RFMD not break out above that pink line.

[DaddyDog]

I've been in it for a year and a half. My original intention was to get in and out with a profit, but when it went up I held waiting for higher when it tanked. Since than I've been holding for the right moment and have added on the way. Do your charts indicate when the summit will be reached?

[eastunder]

I'm glad to see you are still hanging in here.

What have you been up to with RFMD? Trading? Holding?

[DaddyDog]

Thanks Jen... yours too.

[eastunder]

ADX?

This one has one

[xray44b9]

Chart looks like it's setting up. PSAR flipped positive, MACD looking to maybe crossover positive and it's above the zero line. Stochastic on an upward trajectory.

Stock just got an upgrade to Buy with a $7.00 PT from DA Davidson, Hmm...what else, ADX (not pictured) green line crossed above the red line. Price is now solidly above the 50 day SMA.

Stock ended in the green on a very bad market day and would probably have had a solid white candle had the market been positive or less negative.

[eastunder]

Really? You just had to ask that twice? ;)

Hope your weekend is wonderful!

J

[DaddyDog]

Isn't anyone out there following this stock?

[DaddyDog]

Isn't anyone out there following this stock?

[pineyhill]

I found this one a while ago, got the idea from an article @ Seeking Alpha.

[DaddyDog]

showing a steady rate of growth - anyone watching this one besides me?

[DaddyDog]

There's been some positive movement of late - anyone have some projections?
What do the charts say?

[eastunder]

RFMD - intraday

[eastunder]

RF Micro Devices® Achieves 49% Year-Over-Year Growth in Quarterly Revenue

Tuesday , April 23, 2013 16:00ET

GREENSBORO, N.C., April 23, 2013 /PRNewswire/ --

Quarterly Highlights:

-- Quarterly Revenue Increases Approximately $92.7 Million, Or
Approximately 49%, Year-Over-Year To $280.6 Million
-- Quarterly GAAP Gross Margin Expands To 31.4% Versus 30.1% In Fiscal
2012, And Quarterly Non-GAAP Gross Margin Expands To 34.4% Versus 32.4%
In Fiscal 2012
-- Quarterly GAAP Diluted EPS Is $(0.06), And Quarterly Non-GAAP Diluted
EPS Is $0.06
-- RFMD Anticipates Revenue Of Approximately $285 Million To $290 Million
And Non-GAAP EPS Of Approximately $0.07 To $0.08 In The June 2013
Quarter

RF Micro Devices, Inc. (Nasdaq GS: RFMD®), a global leader in the design and manufacture of high-performance radio frequency solutions, today reported financial results for the Company's fiscal 2013 fourth quarter, ended March 30, 2013.

RFMD's fourth quarter revenue increased approximately 3.5% sequentially and 49% year-over-year to $280.6 million, versus $271.2 million in the prior quarter and $187.9 million in the corresponding prior-year quarter. The increase in sequential revenue reflected increased adoption of RFMD's best-in-class cellular RF solutions and broad-based growth in high-performance WiFi, broadband/CATV, and standard products applications.

On a GAAP basis, gross margin totaled 31.4%, quarterly operating income was $1.7 million, and quarterly net loss was $(16.0) million, or $(0.06) per share. On a non-GAAP basis, gross margin totaled 34.4%, quarterly operating income totaled $20.6 million, and quarterly net income was $17.1 million, or $0.06 per diluted share.

Strategic Highlights

-- RFMD began production shipments in support of a high-volume flagship
smartphone containing multiple RFMD components, including multimode
multi-band (MMMB) power amplifiers (PAs), single-band PAs, and antenna
control solutions
-- RFMD benefited in the entry segment from leadership on major reference
designs and the expansion of RFMD's entry solutions product portfolio to
include industry-leading CMOS PAs
-- RFMD's Multi-Market Products Group delivered sequential growth across
all business units
-- High-performance WiFi achieved double-digit quarter-over-quarter revenue
growth and increased more than 100% over the March 2012 quarter
-- RFMD announced a flexible GaAs sourcing strategy, including its intent
to exit its pHEMT fabrication facility in the UK, to expand gross margin
and support aggressive growth
-- RFMD made a $10 million investment to secure duplexer capacity

http://www.knobias.com/story.htm?eid=3.1.6807d2a71e742fe2a51b18dd19213f731517bafa1f8ee05c5180837b91c0f028

[eastunder]

RFMD: Q4 Adj EPS 6c vs (2c) Beats 5c Est; Guidance In-Line with Consensus

Tuesday , April 23, 2013 16:18ET

QUARTER RESULTS
RF Micro Devices Inc (RFMD) reported Q4 results ended March 2013. Q4 Revenues were $280.60M; +49.31% vs yr-ago; BEATING revenue consensus by +11.08%. Q4 EPS was (6c). Adjusted Q4 EPS was 6c; +400.00% vs yr-ago; BEATING earnings consensus by +20.00%.

Q4 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $280.60M      $187.93M     +49.31%      $252.60M     +11.08% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                (6c)           N/A         N/A           N/A         N/A 
 Adj EPS:              6c          (2c)    +400.00%            5c     +20.00% 
 ----------  ------------  ------------  ----------  ------------  ----------

YEAR-END RESULTS
Co. also reported Year-End results ended March 2013. FY Revenues were $964.10M; +10.64% vs yr-ago; BEATING revenue consensus by +2.97%. FY EPS was (19c); -19c vs yr-ago; MISSING earnings consensus by -218.75%.

FY RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $964.10M      $871.35M     +10.64%      $936.25M      +2.97% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:               (19c)            0c        -19c           16c    -218.75% 
 ----------  ------------  ------------  ----------  ------------  ----------

GUIDANCE

Q1-14 Earnings Outlook [7c - 8c]: The Q1-14 earnings forecast is in-line with current consensus estimates.

[eastunder]

Canaccord Genuity Upgrades RF Micro Devices (RFMD) to Buy

Canaccord Genuity upgraded RF Micro Devices (NASDAQ: RFMD) from Hold to Buy with a price target of $7.00 (from $5.50).

http://www.streetinsider.com/Upgrades/Canaccord+Genuity+Upgrades+RF+Micro+Devices+%28RFMD%29+to+Buy/8220214.html

[CowBoE]

Nice catch if you were in earlier. I almost bought in $4.40s earlier.

I'm waiting for pull back near $5 for entry consideration.