We recommend investors to take a long position in RF Micro Devices (RFMD) as the company has significant growth potential due to its presence in the growing telecom market of China. Rising smartphone penetration and upgrades to the faster 3G and 4G technology by the telecom carriers should work in the favor of RFMD by increasing demand for its products and services. The stock is trading at cheap valuations and the current price of $4.45 could prove to be a good entry point for investors to take advantage of its future growth.
RF Micro Devices Inc. designs and manufactures high performance radio frequency components and semiconductor equipment for its customers, both domestically and internationally. The company's products enable mobility and connectivity in the mobile devices, wireless infrastructure, local area network, cable television, and aerospace and defense markets.
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