Notes
RF Micro Devices (RFMD)"We are a global leader in the design and manufacture of high-performance radio systems and solutions for applications that drive mobile communications. Our PAs, transmit modules, cellular transceivers, transceiver modules and various other system-in-package (SiP) and system-on-chip (SoC) solutions enable worldwide mobility, provide enhanced connectivity and support advanced functionality in current- and next-generation mobile handsets, cellular base stations, wireless local area networks (WLANs) and global positioning systems (GPS). Our diverse portfolio of state-of-the-art semiconductor technologies and vast radio frequency (RF) systems expertise position us as a preferred supplier to the world's leading mobile device manufacturers, facilitating their delivery of advanced wireless capabilities that satisfy current and future market demands.
The fiscal year begins in April.
20MAR08 - $2.60
The company is optimistic about 2008. It is buying back stock (average price: $3.27)http://triad.bizjournals.com/triad/stories/2008/03/03/daily15.html?ana=yfcpc
And...
http://biz.yahoo.com/bw/080310/20080310005454.html?.v=1
""During the second quarter of fiscal 2008, we announced the expansion of our Beijing, China facility, which is expected to approximately double our assembly capabilities related to our module capacity by the end of calendar year 2007. Our test capabilities will also be expanded. In addition, new advanced capabilities added in our Beijing facility will include flip chip packaging technology and our internal RF shielding technology.
It's reasonably cheap....
Market Cap (intraday): 752.20M
Trailing P/E (ttm, intraday): 10.98
Forward P/E (fye 31-Mar-09) : 13.58
PEG Ratio (5 yr expected): 0.59
Price/Book (mrq): 0.56
Enterprise Value/Revenue (ttm): 0.93
Enterprise Value/EBITDA (ttm): 8.838
It's immediate growth prospects are considered low by analysts, although the five-year expectation is good...
Current Qtr. -92.3%. Next Qtr. -50.0%. Next Year -9.5%. Next 5 Years (per annum) 21.67%
Thoughts: There is still a lot of growth in the wireless world. Product innovation can still spur new purchases (e.g. the iPhone, WiMax), and there's a lot of wireless infrastructure to be developed. For a buy & hold investment, this looks good now. The expectation of negative earnings growth for the next year doesn't scream "buy now" in a more active trading system, however.
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