Topeka Capital Starts RF Micro Devices (RFMD) at Hold
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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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Earlier, Topeka Capital initiated coverage on RF Micro Devices (NASDAQ: RFMD) with a Hold. PT $5.00.
The firm comments, "In recent quarters, the Company has shown vast improvements in its results, with a strong ramp at Samsung (00593.KRX-1500KW:NC), and a win at Apple (AAPL-$525.31: Buy), which have helped to address a primary investor concern regarding customer diversification. Apart from the customer base, RFMD has diversified its product portfolio to include switching and antenna control products, which have contributed to strong growth. While we are encouraged by the Company's recent progress, the current valuation fully reflects the improved outlook in our view."
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 $4.70 yesterday.
The firm comments, "In recent quarters, the Company has shown vast improvements in its results, with a strong ramp at Samsung (00593.KRX-1500KW:NC), and a win at Apple (AAPL-$525.31: Buy), which have helped to address a primary investor concern regarding customer diversification. Apart from the customer base, RFMD has diversified its product portfolio to include switching and antenna control products, which have contributed to strong growth. While we are encouraged by the Company's recent progress, the current valuation fully reflects the improved outlook in our view."
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 $4.70 yesterday.
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