Orlando, FL -- (SBWIRE) -- 08/29/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On RF Micro Devices, Inc. (NASDAQ:RFMD), TriQuint Semiconductor (NASDAQ:TQNT).
RF Micro Devices, Inc. (NASDAQ:RFMD) stock gained 2.44% to $5.04. The company on August 26 said that it has shipped more than one million RF7196D high-power, high-efficiency CMOS power amplifiers (PAs). The ultra-low cost RF7196D is RFMD's newest and most innovative CMOS PA, delivering a revolutionary combination of cost, size and performance. It is in mass production in support of multiple high-volume 2G and 3G handset platforms, and shipments are expected to increase rapidly, reaching approximately 10 million units by the end of the September quarter.
Additionally, the company on August 14 announced that all agenda items at RFMD's 2013 Annual Meeting of Shareholders were approved by the shareholders. The proposals approved by RFMD shareholders included: (1) Election of seven directors to serve a one-year term; (2) Approval, on an advisory basis, of the compensation of named executive officers (as described in the proxy filed with the SEC on June 28, 2013); (3) Appointment of Ernst & Young LLP as RFMD's independent registered public accounting firm for the fiscal year ending March 29, 2014.
Are investors worried about the recent updates with RFMD? Find out with a free trend analysis HERE
TriQuint Semiconductor (NASDAQ:TQNT) shares jumped 2.39% to $7.72. Raymond James downgraded shares of TQNT from a market perform rating to an underperform rating in a report issued on August 26. Separately, Analysts at Zacks upgraded shares of TriQuint Semiconductor from a neutral rating to an outperform rating in a research note to investors on Tuesday, July 30th. They now have a $9.50 price target on the stock.
Additionally, the company on August 7 announced that it has acquired CAP Wireless (Newbury Park, CA) and its patented Spatium? RF power combining technology that replaces traveling wave tube amplifiers (TWTAs) in communications and defense systems. TriQuint estimates that the TWTA market opportunity will be about $600 million by 2015.
Is TQNT going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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