Analyst Rating Update on Qorvo (QRVO)

Qorvo (QRVO) : The consensus on Qorvo (QRVO) based on 18 analyst recommendation on the company stock is 1.94, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Qorvo (QRVO).

Qorvo (QRVO) : 17 investment research analysts covering Qorvo (QRVO) have an average price target of $60.29 for the near short term. The highest target price given by the Brokerage Firm to the stock is $72 and the lowest target is $50 for the short term. Analysts expect the variance to be within $7.01 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Mizuho Securities downgrades their rating on the shares of Qorvo (NASDAQ:QRVO). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 1, 2016.


Qorvo (NASDAQ:QRVO): The stock opened at $55.50 on Wednesday but the bulls could not build on the opening and the stock topped out at $56.51 for the day. The stock traded down to $54.05 during the day, due to lack of any buying support eventually closed down at $55.12 with a loss of -10.30% for the day. The stock had closed at $61.45 on the previous day. The total traded volume was 7,978,542 shares.

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.

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