RF Micro Devices Shows Positive Trends
Oppenheimer came away from meetings with RF Micro Devices' (NASDAQ: RFMD) CEO and CFO encouraged that overall trends are positive and that the company has several growth drivers in place to first offset the Polaris transceiver sales decline and then drive top-line growth.
In the near term, checks show that share gains at Samsung and in China and a stronger MPG contribution (especially WLAN) are filling the void.
Oppenheimer remains bullish and reiterates its Outperform rating.
RFMD is trading flat at $6.13
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