Qorvo Gets a Hold Rating from Mizuho Securities

Mizuho Securities analyst Vijay Rakesh assigned a Hold rating to Qorvo (NASDAQ: QRVO) today and set a price target of $74. The company’s shares opened today at $81.23.

According to TipRanks.com, Rakesh is a top 25 analyst with an average return of 30.4% and a 74.2% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and NXP Semiconductors.

Currently, the analyst consensus on Qorvo is Moderate Buy and the average price target is $83.92, representing a 3.3% upside.

In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock.

See today’s analyst top recommended stocks >>

The company has a one-year high of $86.84 and a one-year low of $62.68. Currently, Qorvo has an average volume of 1.71M.

Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Daniel Dileo, a Director at QRVO sold 1,625 shares for a total of $131,219.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Qorvo, Inc. engages in the provision of core technologies and radio frequency solutions for mobile, infrastructure, and aerospace or defense applications. It operates through two segments: Mobile Products and Infrastructure & Defense Products.