Qorvo, Inc. (NASDAQ:QRVO) registered a -1.86% decrease, still its new closing price is 90.24% up from the company’s 1 year high of 65.97.It posted 0.02% gains in previous 5 sessions and is now the subject of 9 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 22 stock analysts following this company have an average price target at $61.95, with individual PT in the $50.00-$72.00 range. The shares moved at $63.35, implying that brokerage firms see shares gaining about 70.94% in twelve months time.
Qorvo, Inc. (QRVO) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 20.14% rise year to date. A CFO at Qorvo, Inc. (QRVO) acquired shares in a transaction closed on Wednesday November 09, 2016. Murphy Mark J. bought 10,000 shares in the company at $51.66 each and collected $516,001 in proceeds. Murphy Mark J. now owns 65,270 shares in the company after this transaction. A Director in the company, HARDING JOHN R, disclosed a transaction on Tuesday November 08, 2016 that ended up generating $624,001 from the sale of 12,500 shares at $49.98 per share.
Qorvo, Inc. (NASDAQ:QRVO) Upcoming Results on Tap
Qorvo, Inc. will next provide financial results for the June 2017 quarter. Stock analysts expect it to report per-share earnings of $1.16 in that period. Sales during the quarter are predicted to arrive at $755.07 million.
Earnings surprise history: Last quarter, the company posted approximately $826.35 million in revenue and EPS of $1.35. The mean forecast was for $821.3 million and $1.26 a share, respectively. One quarter earlier, revenue for the stock was at $864.7 million, with earnings at $1.29/share.
Qorvo, Inc. (QRVO) Brokerage Update
Qorvo, Inc. (QRVO) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were downgraded to Underperform from Buy by BofA/Merrill, according to news reported on Friday November 04, 2016.Another important research note was issued by Mizuho on Friday July 01, 2016.The firm downgraded QRVO to Neutral from Buy. Over the last six months and over the last three months, the shares of Qorvo, Inc. (QRVO), have changed 14.93% and 13.10%, respectively.