Charter Equity analyst Edward F. Snyder maintained a Buy rating on Qorvo (QRVO) today. The company’s shares closed last Thursday at $145.10.
According to TipRanks.com, Snyder is a 5-star analyst with an average return of 19.6% and a 70.0% success rate. Snyder covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Skyworks Solutions, and Texas Instruments.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Qorvo with a $160.06 average price target, representing a 15.2% upside. In a report issued on November 2, Oppenheimer also assigned a Buy rating to the stock with a $150.00 price target.
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The company has a one-year high of $140.69 and a one-year low of $67.54. Currently, Qorvo has an average volume of 1.15M.
Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QRVO in relation to earlier this year.
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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 reportable segments: Mobile Products and Infrastructure & Defense Products. The Mobile Products segment supplies of RF solutions that perform various functions in the increasingly complex cellular radio front end section of smartphones and other cellular devices. The Infrastructure & Defense Products segment supplier of RF solutions that support diverse global applications, including ubiquitous high-speed network connectivity to the cloud, data center communications, rapid internet connectivity throughout the home and workplace, and upgraded military capabilities across the globe. Its products include amplifiers, control products, discrete transistors and integrated circuits, filters and duplexers, frequency converters, integrated modules, optical components, oscillators, passives and switches. The company was founded on December 13, 2013 and is headquartered in Greensboro, NC.
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