Impact of Brokerage Rating on Qorvo, Inc.(QRVO)

Many Qorvo, Inc.(QRVO) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Mizuho on Feb 2, 2017 to Neutral, Raises Price Target to $ 56 from a previous price target of $54 .Company shares were Reiterated by Cowen on Feb 2, 2017 to Market Perform, Raises Price Target to $ 60 from a previous price target of $53 .Company shares were Reiterated by Needham on Feb 2, 2017 to Buy, Raises Price Target to $ 70 from a previous price target of $62 .

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.

Qorvo, Inc. (NASDAQ:QRVO) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 17 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 6 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

Qorvo, Inc. (NASDAQ:QRVO): The mean short term price target for Qorvo, Inc. (NASDAQ:QRVO) has been established at $63.69 per share. The higher price target estimate is at $72 and the lower price target estimate is expected at $50 according to 16 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $6.75

Qorvo, Inc. (NASDAQ:QRVO) witnessed a decline in the market cap on Tuesday as its shares dropped 0.14% or 0.09 points. After the session commenced at $66.49, the stock reached the higher end at $66.74 while it hit a low of $65.815. With the volume soaring to 996,880 shares, the last trade was called at $66.44. The company has a 52-week high of $67.2. The company has a market cap of $8,402 million and there are 126,452,577 shares in outstanding. The 52-week low of the share price is $37.51.

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, based in United States.


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