Qorvo (QRVO) Receives a Hold from Susquehanna


In a report released today, Christopher Rolland from Susquehanna reiterated a Hold rating on Qorvo (QRVO), with a price target of $68. The company’s shares opened today at $60.81.

According to TipRanks.com, Rolland is a 5-star analyst with an average return of 8.5% and a 60.8% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Maxlinear Inc, and Synaptics Inc.

Currently, the analyst consensus on Qorvo is a Moderate Buy with an average price target of $69.88, implying a 14.9% upside from current levels. In a report released today, Canaccord Genuity also downgraded the stock to Hold.

See today’s analyst top recommended stocks >>

Based on Qorvo’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $32.08 million. In comparison, last year the company had a GAAP net loss of $33.08 million.

Based on the recent corporate insider activity of 96 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.

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