RF Micro Devices (RFMD) engages in the design, development, manufacture, and marketing of radio frequency solutions for original equipment manufacturers and original design manufacturers in wireless and wired communications applications in the United States and internationally.
Insider selling during the last 30 days
Here is a table of RF Micro Devices' insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|William Priddy||CFO||Apr 30-May 1||201,957||Yes||595,730 shares||25.3%|
|Steven Creviston||VP||May 1||125,000||Yes||1,063,998 shares||10.5%|
|Robert Bruggeworth||CEO||May 1||50,000||Yes||1,241,520 shares + 50,000 options||3.7%|
There have been 376,957 shares sold by insiders during the last 30 days. All these shares were sold pursuant to a Rule 10b5-1 plan. More details about the Rule 10b5-1 trading plan can be found from this link.
Insider selling by calendar month
Here is a table of RF Micro Devices' insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 2,584,785 shares sold, and there have been zero shares purchased by insiders since January 2013. The month of March 2014 has seen the most insider selling.
RF Micro Devices reported the fiscal 2014 full-year, which ended March 29, financial results on April 29 with the following highlights:
|Net income||$12.6 million|
The three insiders sold their shares after these results.
RF Micro Devices' fiscal 2015 first-quarter guidance is as follows:
|Qtrly Rev Growth (yoy):||-0.09||0.01||0.13|
|PEG (5 yr expected):||0.64||1.42||0.87|
RF Micro Devices has the highest P/E ratio among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only RF Micro Devices has seen intensive insider selling during the last 30 days.
There have been three different insiders selling RF Micro Devices, and there have not been any insiders buying RF Micro Devices during the last 30 days. Two of these three insiders decreased their holdings by more than 10%. RF Micro Devices has an insider ownership of 1.94%.
Before going short RF Micro Devices, I would like to get a bearish confirmation from the Point & Figure chart. The two main reasons for the proposed short entry are a relatively high P/E ratio, and the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.