Qorvo, Inc. (QRVO): Robert A Bruggeworth , President and CEO of Qorvo, Inc. sold 1,096 shares on Apr 12, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $47.96 per share for a total value of $52,564.16 according the SEC Form 4 Filing.
Company has been under the radar of several Street Analysts.Qorvo Inc is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $50 .The Rating was issued on Apr 12, 2016.Qorvo Inc is Reiterated by Needham to Buy while Lowering the Price Target of the company shares to $ 54 from a previous price target of $55 . The Rating was issued on Feb 11, 2016.Qorvo Inc is Downgraded by Citigroup to Sell. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 5, 2016.Qorvo Inc is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 3, 2016.
Currently the company Insiders own 1.15% of Qorvo Inc shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -3.35%.Institutional Investors own 86.79% of Qorvo Inc shares.During last six month period, the net percent change held by insiders has seen a change of -10.59%.
Shares of Qorvo Inc (QRVO) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -1.25 points or -2.54% at $47.99 with 9,05,883 shares getting traded. Post opening the session at $49.41, the shares hit an intraday low of $47.95 and an intraday high of $49.47 and the price vacillated in this range throughout the day. The company has a market cap of $6,580 M and the number of outstanding shares has been calculated to be 13,71,04,680 shares. The 52-week high of Qorvo Inc is $88.35 and the 52-week low is $33.3.
Qorvo Inc. provides core technologies and radio frequency (RF) solutions for mobile infrastructure and defense and aerospace applications. The Company offers amplification filtering and switching products for RF microwave and millimeter-wave applications. It serves the mobile device networks infrastructure and defense and aerospace markets. It designs develops manufactures and markets its products to the United States and international original equipment manufacturers and original design manufacturers. Its operating segments include Mobile Products (MP) and Infrastructure and Defense Products (IDP). The MP segment supplies RF solutions that perform various functions in the complex cellular radio front end section of smartphones and other cellular devices. The IDP segment supplies an array of RF solutions to wireless network infrastructure defense and aerospace markets and short-range connectivity applications for commercial consumer industrial and automotive markets.