Sneha Shah
Long/short equity, research analyst, tech, solar

RF Micro Devices - Low Risk Way To Play Smartphone Growth

RF Micro Devices (RFMD) is a semiconductor manufacturer of advanced Radio Frequency (NYSE:RF) components for the mobile, telecom equipment and defense markets. The company sells RF components to all major mobile device makers in the world including Apple (NASDAQ:AAPL) and Samsung (OTC:SSNLF). The company's dollar content per phone is rising sharply with the increasing adoption of 4G and LTE technologies. RFMD has seen a sharp jump in revenues in the last 2 quarters, as the company benefits from the the secular wave of growth in the mobile devices market. The smartphone market is growing faster than expectations and smartphones have already exceeded the sale of feature phones in this quarter. LTE technology is...

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