RF Micro Devices, Inc. Buyback
OLI recorded this information on 1/31/2013
RF Micro Devices, Inc.
RF Micro Devices, Inc. (Nasdaq:RFMD), a global leader in the design and manufacture of high-performance radio frequency solutions, announced today that the Company's board of directors has authorized an extension of RFMD's 2011 share repurchase program to repurchase up to $200 million of the Company's common stock through January 31, 2015. Since January 2011, the Company has repurchased $ 49.9 million of its common stock under this program, leaving it with additional authorization of up to $150.1 million under the program as a result of this extension.
RF Micro Devices designs, develops, manufactures and markets radio frequency solutions to domestic and international original equipment manufacturers and original design manufacturers in wireless and wired communications applications. Co. provides a line of products that range from single-function components to integrated circuits such as gain blocks, power amplifiers, switches, antenna tuners, receivers, transmitters, transceivers, modulators, demodulators, and frequency synthesizers; and multi-chip modules that include switch filter modules, switch duplexer modules, phase-locked loops, coaxial resonator oscillators, variable gain amplifiers, hybrid amplifiers, and power doublers.
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Buy (3.08 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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