UPDATE: UBS Downgrades RF Micro Devices (RFMD) to Sell; Losing Share to Samsung
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Price: $16.59 --0%
Rating Summary:
12 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
12 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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(Updated - July 25, 2012 12:59 PM EDT)
UBS downgraded RF Micro Devices (NASDAQ: RFMD) from Neutral to Sell. PT lowered from $4.50 to $3.25.
Analyst, Parag Agarwal, said, "Based on RFMD’s 1Q results, we believe that the company is facing share headwinds at its largest customer Samsung (~28% of rev), as competition for sockets intensifies on the new generation of platforms. With a narrow product line and historic volatility in results, RFMD has lost its strategic relevance for both baseband suppliers and OEMs, and we believe that its challenges will likely increase going forward. We think investors are likely to stay on sidelines till the company shows sustained execution track record."
FY13 lowered from (0.03) to (0.17) and FY14 from $0.16 to (0.06)
For an analyst ratings summary and ratings history on RF Micro Devices click here. For more ratings news on RF Micro Devices click here.
Shares of RF Micro Devices closed at $4.29 yesterday.
UBS downgraded RF Micro Devices (NASDAQ: RFMD) from Neutral to Sell. PT lowered from $4.50 to $3.25.
Analyst, Parag Agarwal, said, "Based on RFMD’s 1Q results, we believe that the company is facing share headwinds at its largest customer Samsung (~28% of rev), as competition for sockets intensifies on the new generation of platforms. With a narrow product line and historic volatility in results, RFMD has lost its strategic relevance for both baseband suppliers and OEMs, and we believe that its challenges will likely increase going forward. We think investors are likely to stay on sidelines till the company shows sustained execution track record."
FY13 lowered from (0.03) to (0.17) and FY14 from $0.16 to (0.06)
For an analyst ratings summary and ratings history on RF Micro Devices click here. For more ratings news on RF Micro Devices click here.
Shares of RF Micro Devices closed at $4.29 yesterday.
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