Qorvo, Inc. (QRVO): Robert A Bruggeworth , President and CEO of Qorvo, Inc. sold 46,250 shares on Jun 28, 2016. The Insider selling transaction was reported by the company on Jun 29, 2016 to the Securities and Exchange Commission. The shares were sold at $52.65 per share for a total value of $2,407,919.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 15, 2016, Robert A Bruggeworth (President and CEO) sold 206 shares at $53.57 per share price.On Jun 7, 2016, James L Klein (VP and Pres. Infra. & Defense) sold 2,768 shares at $55.00 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.
Shares of Qorvo Inc (QRVO) ended Monday, Jun 27, 2016 session in red amid volatile trading. The shares closed down -4.25 points or -7.74% at $50.69 with 19,11,789 shares getting traded. Post opening the session at $53.99, the shares hit an intraday low of $50.25 and an intraday high of $54.05 and the price vacillated in this range throughout the day. The company has a market cap of $6,465 M and the number of outstanding shares has been calculated to be 12,75,30,673 shares. The 52-week high of Qorvo Inc is $82.25 and the 52-week low is $33.3.
Company has been under the radar of several Street Analysts.Qorvo Inc is Initiated by Morgan Stanley to Equal-Weight. The Rating was issued on Jun 27, 2016.Qorvo Inc is Upgraded by Citigroup to Neutral and the brokerage firm has raised the Price Target to $ 57 from a previous price target of $40 .Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Jun 9, 2016.Qorvo Inc is Initiated by Credit Agricole to Underperform. The Rating was issued on May 25, 2016.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. 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.