Merrill Lynch analyst Vivek Arya reiterated a Buy rating on Qorvo (QRVO) yesterday and set a price target of $150.00. The company’s shares closed last Monday at $111.79, close to its 52-week high of $122.37.
According to TipRanks.com, Arya is a 5-star analyst with an average return of 17.8% and a 63.4% success rate. Arya covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Applied Materials, and Texas Instruments.
Qorvo has an analyst consensus of Moderate Buy, with a price target consensus of $121.88, which is a 0.2% upside from current levels. In a report issued on January 16, Cowen & Co. also maintained a Buy rating on the stock with a $125.00 price target.
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Qorvo’s market cap is currently $13.08B and has a P/E ratio of 54.49. The company has a Price to Book ratio of 3.07.
Based on the recent corporate insider activity of 93 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. Most recently, in November 2019, David Ho, a Director at QRVO sold 10,660 shares for a total of $1,089,665.
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 the following reportable segments: Mobile Products and Infrastructure & Defense Products.
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