The stock of Qorvo Inc (NASDAQ:QRVO) is a huge mover today! About 8.91 million shares traded hands or 580.15% 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.
The move comes after 5 months negative chart setup for the $6.53B company. It was reported on Nov, 4 by Barchart.com. We have $46.46 PT which if reached, will make NASDAQ:QRVO worth $587.70 million less.
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. Qorvo Inc has been the topic of 50 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Qorvo Inc (NASDAQ:QRVO) has “Outperform” rating given on Tuesday, April 19 by Raymond James. Cowen & Co maintained it with “Outperform” rating and $65 target price in Friday, July 22 report. The firm has “Outperform” rating by Credit Agricole given on Tuesday, September 1. The rating was maintained by Mizuho on Friday, January 8 with “Buy”. The firm earned “Market Perform” rating on Friday, November 4 by Cowen & Co. Brean Capital maintained the stock with “Buy” rating in Friday, November 6 report. The company was maintained on Thursday, July 30 by Brean Capital. The stock has “Equal-Weight” rating given by Morgan Stanley on Monday, June 27. The rating was maintained by Needham on Thursday, February 11 with “Buy”. The stock of Qorvo Inc (NASDAQ:QRVO) has “Outperform” rating given on Thursday, July 30 by Northland Capital.
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.”
More news for Qorvo Inc (NASDAQ:QRVO) were recently published by: Fool.com, which released: “Why Qorvo Inc. Stock Fell” on November 04, 2016. Seekingalpha.com‘s article titled: “Qorvo: Major Long-Term Concerns Remain Despite Wall Street Upgrade” and published on November 01, 2016 is yet another important article.
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.
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