Williams Financial: Nokia's Disappointing Guidance Impacts RF Micro Devices' Valuation

In a research report published today, Williams Financial is stunned by the amount of misunderstanding seen on the Street for RF Micro Devices RFMD. According to Williams Financial, "We believe there is zero incremental Nokia impact to RFMD's March quarter and that the company meets March expectations and guides generally in-line for June. While we believe there is strong upside potential once the June quarter plays out, at this share price RFMD will likely keep guidance solid but conservative, opting for upside results to be a catalyst to shares through the second half. We would be buying here with an $11.00 target price." RF Micro Devices closed is currently trading at $4.27.