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Thanks for your personal analysis.
Thanks. Looks like the market didn't like the earnings report. Getting ready to test support in the $7.50 area on heavy volume.
Excellent, and let me be the first to say...Thank you very much for placing that on the board!
It's really nice to read something that is detailed and yet simple to read and understand.
You did a very good job on that.
Best wishes and good luck!
J
It's mine. It will be interesting to see what happens now with the good news out of Europe. Could change the whole picture.
phrantic -
Is this your personal analysis or from a site?
6-Month Daily Chart
Pattern: Rising Wedge
Resistance: $8.35
Support: $7.51, $6.88, $6.75, $6.50 (Blue, Orange, Green)
Target: $6.50 (Sell Stop)
Strategy: Put Options; watch for violation of support (blue) on heavy volume before entry; sell stop at $6.50; re-entry upon violation of trendline (green) on heavy volume. One could take a 10% call position as a hedge out of caution.
Notes: Price gapped on markedly expanded volume (red), yet displays exhaustion as seen in narrow range of candle body; candle tails (spikes) should be ignored as they generally represent only one trade and can happen at any time during the trading day; the candle body always represents the majority of market sentiment; any US/Euro-shock could exact an unpredictable influence on price.
CMF: Displays marked decline in buying pressure.
StochRSI: Displays strong positive sentiment at 0.873, but when viewed in light of markedly expanded volume, falling CMF and a narrow candle body, suggest exhaustion and a likely downturn in price.
ADX/DI: Shows strength to existing move, however I feel this divergence between other indicators/overlays is trumped by a narrow candle body, sharply declining CMF, and expanded volume.
Volume: Core indicator.
She opened with almost 8% gain this morning... WOW!!!
RFMD® Achieves September Quarterly Revenue of $243.8 Million
Tuesday , October 25, 2011 16:00ET
GREENSBORO, N.C., Oct. 25, 2011 /PRNewswire/ --
Quarterly Highlights:
-- Quarterly Revenue Totals $243.8 Million
-- GAAP Operating Income Is $23.0 Million, And GAAP Diluted EPS Is $0.05
-- Non-GAAP Operating Income Is $37.4 Million, Or 15.3% Of Revenue, And
Non-GAAP Diluted EPS Is $0.11
-- Quarterly Shipments Of PowerSmart(TM) Exceed $25 Million
-- Quarterly Shipments Of Switch And Signal Conditioning Products Exceed
$20 Million
-- RFMD Secures Multiple Power Amplifier (PA) Wins On A Qualcomm Reference
Design For The 3G Entry Market
RF Micro Devices, Inc. (Nasdaq GS: RFMD), a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies, today reported financial results for its fiscal 2012 second quarter, ended October 1, 2011.
RFMD's second quarter revenue increased approximately 14% sequentially to $243.8 million, compared to $214.2 million in the June 2011 quarter, primarily as a result of broad-based share gains in cellular handsets and smartphones. On a GAAP basis, gross margin equaled 37.1%, quarterly operating income totaled $23.0 million, and quarterly net income was $14.3 million, or $0.05 per diluted share.
On a non-GAAP basis, gross margin equaled 39.1%, quarterly operating income totaled $37.4 million, and quarterly net income was $31.1 million, or $0.11 per diluted share. During the second quarter, RFMD generated approximately $38.4 million in cash flow from operations and $30.6 million in free cash flow. RFMD repurchased approximately 1.7 million shares of common stock during the quarter.
RFMD Strategic Highlights
-- Sales of RFMD's 3G/4G cellular products grew more than 50% sequentially
-- RFMD secured multiple PA design wins on a Qualcomm reference design for
the 3G entry market
-- Shipments of PowerSmart(TM) grew by more than 100% sequentially and
surpassed $25 million in quarterly revenue, in support of Samsung, LG,
and Research In Motion
-- RFMD continued to ramp its ultra-high efficiency 3G/4G PAs in support of
HTC, Research In Motion, Lenovo, and others
-- RFMD secured major design wins in Smart Energy/Advanced Metering
Infrastructure (AMI), point-to-point (P2P) radio for cellular backhaul,
and GaN-based military radar products
GAAP RESULTS
------------
(in millions,
except
percentages and Q1 Q2
per Q2 Fiscal Fiscal Change Fiscal Change
vs. Q1 vs. Q2
share data) 2012 2012 2012 2011 2011
----------- ---- ---- ------- ---- -------
Revenue $243.8 $214.2 13.8% $285.8 -14.7%
Gross Margin 37.1% 36.5% 0.6 ppt 38.0% (0.9) ppt
Operating Income $23.0 $14.9 $8.1 $42.4 $(19.4)
Net Income $14.3 $8.9 $5.4 $35.4 $(21.1)
Diluted EPS $0.05 $0.03 $0.02 $0.13 $(0.08)
NON-GAAP RESULTS (excluding share-based compensation, amortization of
intangibles, integration charges, start-up costs, loss on retirement
of convertible subordinated notes, restructuring charges, (gain) loss
on PP&E, (income) loss from equity investment, and non-cash interest
expense on convertible subordinated notes and tax adjustments)
(in millions, except
Q2 Q1 Q2
percentages and per Fiscal Fiscal Change Fiscal Change
vs. Q1 vs. Q2
share data) 2012 2012 2012 2011 2011
----------- ---- ---- ------- ---- -------
Gross Margin 39.1% 38.5% 0.6 ppt 39.8% (0.7) ppt
Operating Income $37.4 $25.1 $12.3 $57.1 $(19.7)
Net Income $31.1 $21.3 $9.8 $52.3 $(21.2)
Diluted EPS $0.11 $0.08 $0.03 $0.19 $(0.08)
RFMD: Q2 Adj EPS 11c vs 19c Beats 10c Est; Guidance In-Line with Consensus
Tuesday , October 25, 2011 16:31ET
QUARTER RESULTS
RF Micro Devices Inc (RFMD) reported Q2 results ended September 2011. Q2 Revenues were $243.81M; -14.69% vs yr-ago; BEATING revenue consensus by +6.20%. Q2 EPS was 5c. Adjusted Q2 EPS was 11c; -42.11% vs yr-ago; BEATING earnings consensus by +10.00%.
GUIDANCEQ2 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $243.81M $285.79M -14.69% $229.57M +6.20%
---------- ------------ ------------ ---------- ------------ ----------
EPS: 5c N/A N/A N/A N/A
Adj EPS: 11c 19c -42.11% 10c +10.00%
---------- ------------ ------------ ---------- ------------ ----------
Well let's see what tomorrow's news about the Eurozone will be. But poor numbers within RFMD would be good too to get the price down again for us :)
Yep. I'll keep an eye on those numbers for a bit. But it's just a general area for me. I would like to see RFMD come down real quick (poor earnings, perhaps?) but who knows? The pps could just as easily hug that upper bollie like it has done in the past.
A TA would probably know a better number.
I'll just wing it with basic thoughts in mind.
I sold because I wanted a clean slate so I can buy at will. I had a wash adjusted set in there that I had to wait to go even - so I sold them with the lower sets that had gains.
Now I can day trade it if I wanted.
What price are you looking for to get in actually? One of the three you mentioned earlier? I think it was a smart decision to get out. Hopefully RFMD won't move to the $8s again as last time before it significantly dropped again.
YW, Mack.
It's not really analysis - more me just making a plan.
I just have certain things I like to watch.
I went ahead and removed my shares today and will add them back into the ports if we get a correction of some sort.
If it moves on up... I'll just wait and bit and focus on one of my other stocks until RFMD does correct.
Good luck to you! Wishing you well as always!
J
Thanks eastunder for your analysis :) It's always appreciated.
I'm waiting for another round of bad banking/Euro Zone news and we might see $6 again. I'll load up again down there and hold again. Right now I'm glad I left. Tomorrow is another talk of the European leaders and if they don't get it together all hell breaks lose in Greece. IMHO of course.
I think my plan will be to watch that fifty day and see if we don't end up getting some type of correction that will give us a test of that area.
It's currently at: 6.39 and will be changing up or down, but at some point in time I think the 50sma will get retested especially once we have a golden.
A GC will make the 50 my focus for a bit.
Current numbers of interest:
20 day 6.83
200 day 6.47
50 day 6.39
(O and w to RP)
Then again:
RFMD: To Release Q2 Results Oct 25 [AMC]
Monday , October 24, 2011 13:00ET
RF Micro Devices Inc (Nasdaq NM: RFMD) is scheduled to release its Q2 financial results on October 25, 2011, after the close of the market (AMC).
CONSENSUS ESTIMATES:
Q2 Revenue: $229.57 million
Q2 EPS: $0.10 per share
PREVIOUS PERIOD:
Prev Q2 Revenue: $285.79 million
Prev Q2 EPS: $0.19 per share
ADDITIONAL INFORMATION
Original Confirmation
The Company will also hold a related conference call to discuss these results.
How long before we see $6 again after this nice run up? :) I bet it's a week.
Thanks Mack - You as well. :) Enjoy it!
J
Thank you eastunder ;) Hope you have a good weekend.
Second Quarter Earnings Announcement Expected: RFMD has confirmed that earnings will be announced 10/25/2011. With 17 analysts covering RFMD, the consensus EPS estimate is $0.10, and the high and low estimates are $0.18 and $0.08, respectively.
Sold today at $7.45. Let's see if a good entry comes our way soon.
Eastunder do you happen to know if RFMD has some new and exciting things in their pipeline that they might PR soon?
RFMD 2Q earnings 10-25-11 AMC
RF Micro Devices(R) to Webcast Quarterly Earnings Conference Call on October 25, 2011
Tuesday , October 11, 2011 08:00ET
GREENSBORO, N.C., Oct. 11, 2011 (GLOBE NEWSWIRE) -- 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 second quarter financial results on Tuesday, October 25, 2011, 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 4478096#. The playback will be available through the close of business November 1, 2011.
RFMD will distribute fiscal 2012 second quarter financial results at approximately 4:00 p.m. (ET) on Tuesday, October 25, 2011.
About RFMD
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. 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.
Still holding strong!!!
read that article on TQNT, bad news for RFMD too
did you sell yet??
Entry was at $4.95 ;)
RFMD,is really strong here ,short term
i'm here too, looking for entry points
Getting a golden cross - the fifty day back above the 200 day - would be very nice.
And during that process... a pull back of the pps to the 20 day...and finding support there - would be perfect. The fifty day would work as well for me.
I'm after a solid shift from travelling UNDER the 20 day to travelling ABOVE the 20 day and staying that way for a bit.
I know huh? ;)
Let's see what today and Friday brings us. Do you think the $7s will be our new low soon?
Yes...we really are. :)
Don't you have any friends? ;)
We need more people here!
Are we really running a 2 man pardon one man, one woman show here? :)
Hope we continue our run north tomorrow!
Have a good rest of this evening!
It was a reaction to the Fed. Dow down 283.82
Why oh why would they sell at EOD? We had such a good run today :(
I think so too b/c I can't find anything. Let's see where she closes today since we have a nice HOD already.
None. It's a mystery.
The stock itself :) lol
I'm quite happy to see today's action. Hopefully it keeps going. Any idea what the catalyst is here the past days?
We did it. We broke $7 again. Did you see these large buys of 700 and 500? I really think someone knows something.
Volume the last 5 days was really good, too. 5 green consecutive days!!!
I tried to find anything, too. Couldn't find anything. Does someone know something we don't? The last spikes above $7+ ended in the range of $5 - $5.50 shortly after though. Not sure what will happen this time but I might sell today or early next week if we keep the $7 in front.
Hopefully we can break through these nasty $7s :) We're long overdue!!!
That is affirmative eastunder :)
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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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