RF Micro Devices, ticker RFMD, is up 7% today and has established a new 52-week high. While Next Inning Technology released an updated report on the company, to which I do not have a subscription, my best guess as to what is driving it higher is something management may announce tomorrow morning in conjunction with their presentation at the Barclays Capital Global Technology Conference.
I plan to let the ~2% ride through tomorrow morning. RFMD is now up over 13% from when I bought it on October 11. Since it is a smaller position and the stock is trading just over 10x the consensus C11 EPS estimate, I don't expect to take any profits unless the announcement changes the end game for the company.
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