RF Micro (RFMD | Quote | Chart | News | PowerRating) closed up 8.9% at 3.32. That extends the some 5% pre-market gain, to 3.20, seen in today's pre-market session after Jefferies & Co. raised its rating on the stock to Buy vs. Hold. The analyst lifted its price target to $5 per share.
Over the last year of analyst ratings changes that we've tracked, including today, the stock three times reined in its pre-market trading during the regular session, twice widened its move and once matched its early move.
4/24/08 Pre-Market: +4.9% at 3.20; 4/24/08 Regular Session: +8.9% at 3.32 - Jefferies raised rating to Buy vs Hold.
1/14/2008 Pre-Market: +3.2% to 3.85; 1/14/2008 Regular Session +1.3% at 3.77 - Credit Suisse raised rating to Buy vs Hold.
8/14/2007 Pre-Market: +4.6%; 8/14/2007 Regular Session: +0.5% - Citi raised rating to Buy vs Hold.
6/12/2007 Pre-Market: +2.5%; 6/12/2007 Regular Session: +0.2% - ThinkEquity raised rating to Buy vs Source of Funds.
5/25/2007 Pre-Market: +4.5%; 5/25/2007 Regular Session: +6% - Jefferies raised rating to Buy vs Hold.
4/30/2007 Pre-Market: +2.5%; 4/30/2007 Regular Session: +2.5% - CIBC Capital raised rating to Sector Outperform.
Brooks McFeely is widely regarded as the leading expert on extended-hours trading. He is a Managing Partner for Brochet Capital Partners, LP and the founder of Midnight Trader, Inc. (www.midnighttrader.com), the leading provider of pre-market and after-hours trading analysis and news to retail and institutional investors.
