Qorvo (NASDAQ:QRVO) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.72 by 18 Brokerage Firm. 11 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Citigroup downgrades the rating on Qorvo (NASDAQ:QRVO). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency raises the price target from $40 per share to $57 per share. The rating by the firm was issued on June 9, 2016.
Qorvo (NASDAQ:QRVO): 16 analysts have set the short term price target of Qorvo (NASDAQ:QRVO) at $59.31. The standard deviation of short term price target has been estimated at $6.65, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 72 and $50 respectively.
Qorvo (NASDAQ:QRVO) rose 0.63% or 0.35 points on Tuesday and made its way into the gainers of the day. After trading began at $56.32 the stock was seen hitting $56.58 as a peak level and $55.58 as the lowest level. The stock ended up at $56.33. The daily volume was measured at 957,770 shares. The 52-week high of the share price is $87.96 and the 52-week low is $33.3. The company has a market cap of $7,184 million.
Shares of Qorvo, Inc. rose by 3.49% in the last five trading days and 14.03% for the last 4 weeks. Qorvo, Inc. is up 8.85% in the last 3-month period. Year-to-Date the stock performance stands at 10.67%.
Qorvo, Inc. provides core technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company offers amplification, filtering and switching products for RF, microwave and millimeter-wave applications. It serves the mobile device, networks infrastructure and defense and aerospace markets. It designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers and original design manufacturers. Its operating segments include Mobile Products (MP) and Infrastructure and Defense Products (IDP). The MP segment supplies RF solutions that perform various functions in the complex cellular radio front end section of smartphones and other cellular devices. The IDP segment supplies an array of RF solutions to wireless network infrastructure, defense and aerospace markets and short-range connectivity applications for commercial, consumer, industrial and automotive markets.