RF Micro Devices (NASDAQ: RFMD) This mid-cap manufacturer of proprietary radio frequency integrated circuits (RF ICs) has been upgraded by several analysts. After the close on Tuesday, the company beat earnings estimates, reporting EPS of $0.12 versus an expected $0.09. S&P raised its operating EPS estimates $0.03 for both fiscal year 2015 (ending in March) and fiscal 2016, to $0.61 and $0.71, respectively. S&P has a 12-month price target of $11 based on its belief that the company will benefit from 3G/4G growth trends and its expected merger with TriQuint Semiconductor (NASDAQ: TQNT). RF Micro Devices, Inc.(NASDAQ:RFMD) shares up 4.33% in last trading session and ended the day on $8.44. RFMD return on equity ratio is recorded as -0.40% and its return on assets is -0.20%. RF Micro Devices, Inc. (NASDAQ:RFMD) yearly performance is 50.45%.
Shares of Level 3 Communications,(NYSE:LVLT) climbed up almost 16% Wednesday following the firm reported better-than-predicted first-quarter results and robust forward outlook. Quarterly revenue jumped up 2% year over year, to $1.609 billion, which translated earnings of $0.47 per diluted share. Level 3 Communications, Inc. (NYSE:LVLT) shares advanced 15.95% in last trading session and ended the day on $43.03. LVLT return on equity ratio is recorded as -9.10% and its return on assets is -0.80%. Level 3 Communications, Inc. (NYSE:LVLT) yearly performance is 113.76%.
Shares of TriQuint Semiconductor (NASDAQ: TQNT) are up 5.69% to $14.30 on Wednesday after its rating was upgraded to “buy” from “neutral” at DA Davidson & Co.The firm said it upgraded the company, which designs, manufactures and supplies high performance radio frequency components for wireless communication, based on its expected merger with RF Micro Devices (RFMD). TriQuint Semiconductor (NASDAQ: TQNT), TriQuint rising on RF Micro results. DA Davidson also upgraded the stock from Neutral to Buy with a price target of $18.TriQuint Semiconductor (NASDAQ:TQNT) shares moved up 4.80% in last trading session and was closed at $14.18, while trading in range of $. 14.05 – 14.65.TriQuint Semiconductor (NASDAQ:TQNT) year to date (YTD) performance is 70.02%.
Garmin (NASDAQ:GRMN) released its earnings data on Wednesday. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.11, Analyst Ratings Net reports. The company had revenue of $583.00 million for the quarter, compared to the consensus estimate of $541.00 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Garmin Ltd. (NASDAQ:GRMN) weekly performance is 787%. On last trading day company shares ended up $57.10.