Price Don’t Lie: Could Qorvo Inc Decline After Today’s Significant Increase?

Price Don't Lie: Could Qorvo Inc Decline After Today's Significant Increase?

The stock of Qorvo Inc (NASDAQ:QRVO) is a huge mover today! About 310,020 shares traded hands. Qorvo Inc (NASDAQ:QRVO) has risen 7.44% since April 11, 2016 and is uptrending. It has outperformed by 1.29% the S&P500.
The move comes after 5 months positive chart setup for the $6.83 billion company. It was reported on Nov, 11 by Barchart.com. We have $64.44 PT which if reached, will make NASDAQ:QRVO worth $1.37B more.

Qorvo Inc (NASDAQ:QRVO) Ratings Coverage

Out of 24 analysts covering Qorvo Inc (NASDAQ:QRVO), 14 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 58% are positive. $92 is the highest target while $42 is the lowest. The $62.47 average target is 16.33% above today’s ($53.7) stock price. Qorvo Inc has been the topic of 51 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, January 8 by Canaccord Genuity. Cowen & Co maintained the stock with “Market Perform” rating in Friday, November 4 report. The company was initiated on Tuesday, September 1 by Credit Agricole. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, July 30 report. The company was maintained on Thursday, February 11 by Needham. As per Monday, September 28, the company rating was downgraded by Pacific Crest. The firm earned “Outperform” rating on Thursday, July 30 by Northland Capital. Needham maintained the stock with “Buy” rating in Thursday, September 24 report. The stock has “Neutral” rating given by Goldman Sachs on Wednesday, February 3. The firm has “Buy” rating by Needham given on Friday, January 8.

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.”

Another recent and important Qorvo Inc (NASDAQ:QRVO) news was published by Fool.com which published an article titled: “Why Qorvo Inc. Stock Fell” on November 04, 2016.

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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