Stock Price of Qorvo, Inc. (QRVO) Increases 3.61%

Qorvo, Inc.s in-depth stock price analysis indicates that the stock price has rallied 19.88% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 15.01% . Looking at the past 52 week period, the stock price is up at 76.49% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Qorvo, Inc. has a positive value of 4.6 compared to overall market. Qorvo, Inc. (NASDAQ:QRVO) has climbed 3.61% in the past week and advanced 13.15% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.78% and the outperformance has advanced to 11.12% for the last 4 weeks period.

Qorvo, Inc. (NASDAQ:QRVO) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.01 points or 0.02% at $66.27 with 1,003,296 shares getting traded. Post opening the session at $66.32, the shares hit an intraday low of $65.58 and an intraday high of $66.42 and the price was in this range throughout the day. The company has a market cap of $8,380 million and the number of outstanding shares has been calculated to be 126,452,577 shares. The 52-week high of Qorvo, Inc. (NASDAQ:QRVO) is $66.42 and the 52-week low is $33.3.

Qorvo Inc Last issued its quarterly earnings results on Feb 1, 2017. The company reported $1.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $1.25. The company had revenue of $826.30 million for the quarter, compared to analysts expectations of $821.42 million. The companys revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Mizuho on Feb 2, 2017 to Neutral, Raises Price Target to $ 56 from a previous price target of $54 .Company shares were Reiterated by Cowen on Feb 2, 2017 to Market Perform, Raises Price Target to $ 60 from a previous price target of $53 .Company shares were Reiterated by Needham on Feb 2, 2017 to Buy, Raises Price Target to $ 70 from a previous price target of $62 .

Company has reported several Insider transactions to the SEC, on Nov 10, 2016, Mark J. Murphy (CFO) purchased 10,000 shares at 51.65 per share price.On Nov 9, 2016, John R Harding (director) sold 12,500 shares at 49.98 per share price.On Oct 7, 2016, James L Klein (VP and Pres. Infra. & Defense) sold 1,384 shares at 55.00 per share price.

Qorvo, Inc. is a provider of technologies and RF solutions for mobile, infrastructure and aerospace/defence applications. The Company operates through two subsidiaries: RF Micro Devices, Inc. (RFMD) and TriQuint Semiconductor, Inc. (TriQuint). RFMD designs and manufactures radio frequency solutions. TriQuint designs, develops and manufactures active and passive technologies, including power amplifier, switch and filter modules for the mobile device, network infrastructure, and defence and aerospace markets. Its products are used for wireless communications applications such as cellular and PCS, cordless telephony, wireless LANs, industrial radios, wireless security and remote meter reading. Qorvo, Inc.is based in United States.

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