Trader’s Buzz: RF Micro Devices (RFMD), Microsoft (MSFT), RADA Electronic (RADA), Digital Ally (DGLY), Tesla (TSLA)

Shares of RF Micro Devices (RFMD) are up 4.13% in mid-day trade after analysts at Canaccord Genuity raised their RFMD price target to $20 from $18, forecasting a 20% handset RFIC TAM compound annual growth rate from FY’14 to FY’16.

RFMD shares recently gained $0.58 to $15.59.

In the past 52 weeks, shares of Greensboro, North Carolina-based company have traded between a low of $4.50 and a high of $15.68. The stock is up more than 190% this year, and 188.10% over the past 12 months.

Microsoft Corp‘s (MSFT) price target has been raised from $50 to $56 by Nomura analysts, according to a research note published on Thursday. Nomura analysts maintained their ‘Buy’ rating on the company. MSFT shares recently gained $0.83 to $48.91. The firm’s new PT represents a potential upside of 14.42% from the current share price.

In other Microsoft news today, the nation’s largest bookstore chain Barnes & Noble Inc. (BKS) struck a deal to buy back Microsoft’s stake in its struggling Nook business for $120 million in cash and stock. The New York-based Barnes & Noble said in a statement that the move provides a clear path toward splitting its business into two separate public companies. The move is expected to be completed by the end of August 2015.

Microsoft Corporation, currently valued at $403.86B, has a median Wall Street price target of $50.00 with a high target of $56.00. Approximately 12.55M shares have already changed hands, compared to the stock’s average daily volume of 35.31M.

In the past 52 weeks, shares of Redmond, Wa.-based software giant have traded between a low of $34.63 and a high of $50.05 with the 50-day MA and 200-day MA located at $47.17 and $44.53 levels, respectively. Additionally, shares of MSFT trade at a P/E ratio of 2.77 and have a Relative Strength Index (RSI) and MACD indicator of 60.02 and +0.06, respectively.

MSFT currently prints a one year return of about 28.94% and a year-to-date return of around 32.05%.

Rada Electronic Industries Ltd. (RADA) has been a solid gainer in mid-day trading, up more than 34% to $3.32. The surge has been aided by the company’s  announcement that a leading MOD selected its MHR-based tactical radars for its national alert system. The radars will detect and alert from short-range threats such as mortars, rockets, UAVs and alike.

The Israel-based company said it expects to deliver the tactical radars sometime in fiscal 2015.

Rada Electronic Industries is trading at unusually high volume Thursday with 9 million shares changing hands. It is currently at more than 3x its average daily volume of 2.5 million.

Rada Electronic is a defense electronics contractor engaged in the development of defense electronics to various air forces and companies worldwide. Its stock has a 52-week trading range of $1.26 to $6.29. The T-12 profit margin at Rada Electronic is 1.62%. The name‘s revenue for the same period is $23.32 million. Rada Electronic’s price/sales is 0.92.

Shares in the $30.11 million company are up 103.8% year-over-year, and 122% year-to-date.

Digital Ally Inc. (DGLY) shares are up nearly 14% to $20.41, following a WSJ story saying that more than two dozen NYPD officers are set to start wearing body cameras.

According to the report, the cameras being provided in the pilot program, set to start Friday, are from Motorola and Taser International (TASR). The fact that rival wearable camera makers are involved is positive in that it indicates that police departments are willing to consider vendors other than TASR.

Digital Ally is a Lenexa, Kansas-based producer of digital video imaging and storage products for use in law enforcement. Its stock has a median consensus analyst price target of $4.00, and a 52-week trading range of $3.03 to $33.59.

The T-12 profit margin at Digital Ally is (63.75%). DGLY‘s revenue for the same period is $15.53 million.

Digital Ally Inc has market cap of $62.58 million.

Shares of Tesla Motors (TSLA) popped intraday from $227.81 to $230.90 following the release of a positive article from Barron’s. In the article, Northland Capital analysts Colin Rusch and Noah Kaye suggest that lower oil prices won’t hurt Tesla’s sales, stating: “Based on our estimates, annual savings versus a comparable vehicle at $60/bbl oil comes to $1,100/year while at $100/bbl oil annual savings come to $2,160…Coupled with maintenance savings post warranty due to simplicity of the drive train, these savings can represent incentives for buyers, but we don’t believe they will be primary drivers of [Tesla’s] sales in the foreseeable future.”

Tesla shares have since given back majority of their gains, currently printing the tape at $229.96. TSLA has now lost nearly 20% since it closed at an all-time high of $286.04 on Sept. 4.

Since its 2010 initial public offering priced at $17 a share, TSLA has risen about 1,096 percent.

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