In a report released today, Craig Hettenbach from Morgan Stanley maintained a Hold rating on Qorvo (NASDAQ: QRVO), with a price target of $72. The company’s shares closed yesterday at $77.29.
According to TipRanks.com, Hettenbach is a 5-star analyst with an average return of 22.0% and a 73.3% success rate. Hettenbach covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Maxim Integrated, and Cypress Semicon.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Qorvo with a $82 average price target.
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Based on Qorvo’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $29.99 million. In comparison, last year the company had a net profit of $35.92 million.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock.
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Qorvo, Inc. engages in the provision of core technologies and radio frequency solutions for mobile, infrastructure, and aerospace or defense applications. It operates through the following segments: Mobile Products and Infrastructure & Defense Products.
