How Analysts Feel About Qorvo Inc After Today’s Bearish Options Activity?

 How Analysts Feel About Qorvo Inc After Today's Bearish Options Activity?

In today’s session Qorvo Inc (QRVO) recorded an unusually high (505) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious QRVO decrease. With 505 contracts traded and 20444 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: QRVO161118P00050000 closed last at: $0.85 or 10.5% down. About 6.54 million shares traded hands or 399.24% up from the average. Qorvo Inc (NASDAQ:QRVO) has risen 12.09% since April 4, 2016 and is uptrending. It has outperformed by 11.00% the S&P500.

Qorvo Inc (NASDAQ:QRVO) Ratings Coverage

Out of 23 analysts covering Qorvo Inc (NASDAQ:QRVO), 14 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 61% are positive. $92 is the highest target while $42 is the lowest. The $62.47 average target is 24.29% above today’s ($50.26) stock price. Qorvo Inc has been the topic of 50 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, July 1 by Mizuho. Cowen & Co maintained Qorvo Inc (NASDAQ:QRVO) rating on Friday, July 22. Cowen & Co has “Outperform” rating and $65 price target. The company was initiated on Wednesday, May 25 by CLSA. The stock of Qorvo Inc (NASDAQ:QRVO) earned “Buy” rating by Needham on Thursday, September 24. Northland Capital maintained Qorvo Inc (NASDAQ:QRVO) rating on Thursday, July 30. Northland Capital has “Outperform” rating and $75 price target. The stock has “Overweight” rating given by JP Morgan on Monday, October 24. As per Tuesday, October 20, the company rating was initiated by Drexel Hamilton. M Partners maintained Qorvo Inc (NASDAQ:QRVO) rating on Friday, November 6. M Partners has “Buy” rating and $71 price target. The stock has “Mkt Perform” rating given by JMP Securities on Wednesday, November 18. Mizuho maintained it with “Buy” rating and $80 target price in Thursday, July 30 report.

According to Zacks Investment Research, “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.”

Qorvo, Inc. is a provider of technologies and radio frequency solutions for mobile, infrastructure and defense and aerospace applications. The company has a market cap of $6.43 billion. The Firm designs, develops, makes and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs). It currently has negative earnings. The Company’s divisions include Mobile Products (MP) and Infrastructure and Defense Products (IDP).

QRVO Company Profile

Qorvo, Inc., incorporated on December 13, 2013, is a well-known provider of technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Firm designs, develops, makes and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs). The Company’s divisions include Mobile Products (MP) and Infrastructure and Defense Products (IDP). The Firm operates design, sales and manufacturing facilities located throughout Asia, Europe and North America. The Company’s primary manufacturing facilities are located in North Carolina, Oregon, Texas and Florida, and its primary assembly and test facilities are located in China, Costa Rica and Texas.

Another recent and important Qorvo Inc (NASDAQ:QRVO) news was published by Seekingalpha.com which published an article titled: “Qorvo: Major Long-Term Concerns Remain Despite Wall Street Upgrade” on November 01, 2016.

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