RFMD, an upgrade this morning by Raymond James's Steven Smigle to Strong Buy from Market Perform, with a $7 price target, in anticipation of multiple wins in power amplifier and other parts.
“We think RFMD is in a strong position to react to customer demands given its improving relationship with customers, particularly in envelope tracking and carrier aggregation, both of which are becoming increasingly important.”
I sold out. I am betting on obama and/or Congress to give me one more good buy in point; hopefully, in the $5 or less range. Regardless, I believe RFMD will be OK by late October -- but a lot will happen between then and now that will not affect RFMD directly (except for its price per share), but will cause a market correction. bwdik