Qorvo, Inc. (QRVO): James L Klein , VP and Pres. Infra. & Defense of Qorvo, Inc. sold 1,384 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $50.00 per share for a total value of $69,200.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, Robert A Bruggeworth (President and CEO) sold 5,739 shares at $45.54 per share price.On Apr 14, 2016, James L Klein (VP and Pres. Infra. & Defense) sold 4,255 shares at $50.00 per share price.Also, On Jan 5, 2016, Steven E Creviston (VP and Pres. Mobile Products) sold 10,000 shares at $50.06 per share price.On Dec 4, 2015, Daniel A Dileo (director) sold 3,000 shares at $58.65 per share price.
Qorvo Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Qorvo Inc which led to swings in the share price. The shares opened for trading at $47.66 and hit $49.45 on the upside , eventually ending the session at $49.4, with a gain of 4.73% or 2.23 points. The heightened volatility saw the trading volume jump to 17,82,648 shares. The 52-week high of the share price is $88.35 and the company has a market cap of $6,772,987 M . The 52-week low of the share price is at $33.3.
Company has been under the radar of several Street Analysts.Qorvo Inc is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $50 .The Rating was issued on May 5, 2016.Qorvo Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 53 from a previous price target of $50 .The Rating was issued on May 5, 2016.Qorvo Inc is Reiterated by Craig Hallum to Buy and the brokerage firm has raised the Price Target to $ 58 from a previous price target of $56 .The Rating was issued on May 5, 2016.Qorvo Inc is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 64 from a previous price target of $63 .The Rating was issued on May 5, 2016.Qorvo Inc is Downgraded by Raymond James to Outperform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Apr 19, 2016.
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.