Qorvo, Inc. (QRVO): Robert A Bruggeworth , President and CEO of Qorvo, Inc. sold 206 shares on Jul 12, 2016. The Insider selling transaction was reported by the company on Jul 13, 2016 to the Securities and Exchange Commission. The shares were sold at $58.21 per share for a total value of $11,991.26 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 11, 2016, James L Klein (VP and Pres. Infra. & Defense) sold 1,384 shares at $55.00 per share price.On Jun 29, 2016, Robert A Bruggeworth (President and CEO) sold 46,250 shares at $52.65 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 Monday, Jul 11, 2016 heightened volatility was witnessed in Qorvo Inc which led to swings in the share price. The shares opened for trading at $56.94 and hit $58.68 on the upside , eventually ending the session at $57.73, with a gain of 3.05% or 1.71 points. The heightened volatility saw the trading volume jump to 15,96,292 shares. The 52-week high of the share price is $80.79 and the company has a market cap of $7,362 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 Downgraded by Mizuho to Neutral and the brokerage firm has set the Price Target at $55. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 1, 2016.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. 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.