Qorvo (QRVO) : 19 analysts are covering Qorvo (QRVO) and their average rating on the stock is 1.89, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Qorvo (QRVO) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Qorvo (QRVO) : The most positive equity analysts on Qorvo (QRVO) expects the shares to touch $72, whereas, the least positive believes that the stock will trade at $50 in the short term. The company is covered by 17 Wall Street Brokerage Firms. The average price target for shares are $63 with an expected fluctuation of $6.91 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Qorvo (NASDAQ:QRVO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.49 and $54.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.48, notching a gain of 0.63% for the day. The total traded volume was 1,105,372 . The stock had closed at $54.14 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Bruggeworth Robert A, director officer (President and CEO) of Qorvo, Inc., had unloaded 10,000 shares at an average price of $64.5 in a transaction dated on July 27, 2016. The total value of the transaction was worth $645,000.
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.