Shares of Qorvo, Inc. (QRVO) Sees Large Inflow of Net Money Flow

Qorvo, Inc. (QRVO) dropped -0.22% or -0.14 points to trade at $64.07 per share. As per the latest trading data available, the net money flow stood at $18.47 million as the shares received $46.22 million in upticks and gave away $27.76 million in downticks. The final up/down ratio was at 1.67. On a weekly basis, the stock has seen a change of 0.66%.During the course of the session, the shares witnessed a block trade with an up/down ratio of 0. $16.71 million was the inflow in upticks and $0 million was the outflow in downticks. For the block trade, the net money flow was $16.71 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Qorvo, Inc. rose by 0.8% in the last five trading days and 22.42% for the last 4 weeks. Qorvo, Inc. is up 15.99% in the last 3-month period. Year-to-Date the stock performance stands at 22.42%. Qorvo, Inc. (NASDAQ:QRVO) rose 0.53% or 0.34 points on Wednesday and made its way into the gainers of the day. After trading began at $65.15 the stock was seen hitting $65.97 as a peak level and $63.34 as the lowest level. The stock ended up at $64.55. The daily volume was measured at 4,150,153 shares. The 52-week high of the share price is $65.97 and the 52-week low is $33.3. The company has a market cap of $8,245 million.

Company has reported several Insider transactions to the SEC, on Nov 10, 2016, Mark J. Murphy (CFO) purchased 10,000 shares at 51.65 per share price.On Nov 9, 2016, John R Harding (director) sold 12,500 shares at 49.98 per share price.On Oct 7, 2016, James L Klein (VP and Pres. Infra. & Defense) sold 1,384 shares at 55.00 per share price.

Qorvo Inc Last issued its quarterly earnings results on Feb 1, 2017. The company reported $1.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $1.25. The company had revenue of $826.30 million for the quarter, compared to analysts expectations of $821.42 million. The companys revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Qorvo Inc was Reiterated by Cowen on Nov 4, 2016 to Buy, Lowers Price Target to $ 54 from a previous price target of $58 .Qorvo Inc was Downgraded by BofA/Merrill to Underperform on Nov 4, 2016.

Qorvo, Inc. is a provider of technologies and RF solutions for mobile, infrastructure and aerospace/defence applications. The Company operates through two subsidiaries: RF Micro Devices, Inc. (RFMD) and TriQuint Semiconductor, Inc. (TriQuint). RFMD designs and manufactures radio frequency solutions. TriQuint designs, develops and manufactures active and passive technologies, including power amplifier, switch and filter modules for the mobile device, network infrastructure, and defence and aerospace markets. Its products are used for wireless communications applications such as cellular and PCS, cordless telephony, wireless LANs, industrial radios, wireless security and remote meter reading. Qorvo, Inc.is based in United States.

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