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RF Micro Devices Inc. Message Board

  • badad72 badad72 Mar 26, 2013 7:46 AM Flag

    Oppenheimer Upgrade

    Maybe now we finally get the push we needed.

    "RF Micro Devices upgraded to Outperform from Perform at Oppenheimer
    Oppenheimer upgraded RF Micro Devices citing a favorable risk/reward and management's repositioning of the company. The firm has a $7 price target for shares"

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    • The way today is going eveyone might get a chance to buy again at $4.81......why would that surprise any of us........I would be singing if I sold the pop but of course I thought "we are going to set a new high and never look back".........I forgot this is RFMD !!!! Never comes easy and we have go fight for every penny.........WALL STREET HATES THIS STOCK and I don't know how EVERYONE can't see that but after today I totally do.....and it isn't going to change anytime soon......even with anohter good quarter and outlook......I WILL SELL and buy a stock the steet likes ..... why fight them I am learning !!!!! Did you see how quickly they took up NFLX.....it was like a double in weeks.....this stock keeps getting good news and we just can't break out !!!!

    • Same analyst that reiterated a hold on CREE on 2/21 when it was trading around $44. Recently hit $56+. Just sayin......

      Sentiment: Hold

    • I do think $7 is the new base for the stock and so Opp's call is accurate yet conservative.
      I also think $7 every analyst can see now because the revenues are there and 12 cents quarterly eps is going to happen and seem matter of fact. So when Barclays gets in line up from their $6 is only a matter of days or weeks. Barclays may wait for the April CC and just leapfrog to $8 as the back half of 2013 starts to come into focus. Interesting that Kidron is no longer the Opp guy for Rfmd. Probably better for objectivity and credibility that a new guy name Schafer is now covering.

      Ed Snyder, well, ...

    • Congrats, hooutoo.

      Tried to add yesterday at 4.81 with a limit order but Schwab isn't the best at executing trades. When I got back from tennis, the stock was $4.86 but had reached $4.81, just no trade.

      At some point enough Rfmd shares is enough, but sounds like you and Roosk are watching the timing closely and accumulating.

      • 2 Replies to monrio1
      • Mon, I couldn't agree more, "enough is enough", feeling a little weighty here myself. I did some checking this morning before the open as to how much RFMD spiked up back on Dec 13th when Barclays upgraded this stock. Turns out it was about 11%, 4.4 to 4.89. I've got a sell in for my extras @ 5.42 which is a little less than the spike on Dec 13th. Damn…. missed it by 2 cents this morning, hoping for a quick (very iffy) afternoon spike.

        I was thinking there might be a possibility for a pre-announcement on better than expected earnings but based on the date, too late in the quarter, that ships already sale.

      • I bought yesterday at 4.8198

    • March 26, 2013 9:39 AM EDT)

      Oppenheimer today upgraded RF Micro Devices (NASDAQ: RFMD) from Perform to Outperform with a price target of $7.00. Analyst Rick Schafer made note of RF Micro's spotty history, but he thinks this could be skewing risk/reward favorably.

      "RFMD's checkered past is, in part, tied to its one-time overreliance on Nokia (NYSE: NOK). Over the past 2-3 years, however, RFMD has de-risked NOK from 50%-plus to ~5% of sales," said Schafer.

      Apple (Nasdaq: AAPL) and Samsung now account for 30 to 40 percent of sales, with most other Tier-1 handset customers accounting for 5 percent of sales each.

      "We look for RFMD to sustain/gain content on high-profile product refreshes through 2013 . . . we would be buyers here," concluded Schafer.

      For an analyst ratings summary and ratings history on RF Micro Devices (NASDAQ: RFMD) click here. For more ratings news on RF Micro Devices click here.

      Shares of RF Micro Devices closed at $4.91 yesterday, with a 52 week range of $3.45-$5.43.

    • Boom, that what I'm talking about, good pre-market action. I'm hoping Oppy's opinion carries a little more weight than some others.

    • well I am glad I saw it earlier than the Oppenheimer

 
RFMD
11.97-0.05(-0.42%)Aug 20 4:00 PMEDT

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