RF Micro Devices, Inc (NASDAQ:RFMD) Up On Higher Volume
In Friday’s trading, RF Micro Devices, Inc (NASDAQ:RFMD) rose by 2.94%. The opening price of the shares was $5.79, which climbed to an intraday high of $5.99 and dipped to a close of $5.96. Approximately 5.92 million shares were traded on Friday while an average volume of 4.83 million shares were traded over a 30 day period. The 52-week low of RF Micro Devices, Inc (NASDAQ:RFMD) shares is $3.50 and its 52-week high is $5.99. The company has a market capitalization of $1.68 billion.
About the company
RF Micro Devices, Inc (NASDAQ:RFMD) was incorporated in 1991. The company is involved in designing and manufacturing various radio frequency (RF) components and compound-semiconductor technologies. Its products enable worldwide-mobility, connectivity and also support functionality in mobile devices, wireless-infrastructure, WLAN or WiFi cable television, broadband, Smart-Energy and defense and aerospace markets.
RF Micro Devices, Inc (NASDAQ:RFMD) manufactures gallium-based (including gallium arsenide, indium gallium phosphide, aluminum gallium arsenide and gallium nitride compound-semiconductors that are used in RF applications. The company sources different silicon based technologies as well as a small-percentage of GaAs requirements via external foundries. It is involved in designing, developing, manufacturing and marketing products to international and domestic OEM’s and ODM’s in wired and wireless applications.
The Cellular Products Group supplies cellular radio-frequency components, like power amplifier modules and transmits-modules. These perform different functions in the cellular-front end section that is situated in-between the antenna ad the transceiver. The company also supplies switch-based content for different cellular front-end section, such as antenna-switch modules, antenna-control solutions, switch-filter modules and switch-duplexer modules.
All of these are increasingly needed in next-generation 3rd generation (3G) and 4th generation (4G) devices. This segment supplies its vast portfolio of the cellular RF components into mobile products such as handsets, notebooks, USB modems and tablets