Qorvo (QRVO) : Analyst Rating Update

Qorvo (QRVO) has an average broker rating of 1.89, which is interpreted as a Buy, as rated by 19 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Qorvo (QRVO) : The consensus price target for Qorvo (QRVO) is $59.12 for the short term with a standard deviation of $6.49. The most optimist securities analyst among the 17 who monitor the stock believes that the stock can reach $72, however, the pessimist price target for the company is $50.

Qorvo (NASDAQ:QRVO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.49 and $50.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.57, notching a gain of 1.45% for the day. The total traded volume was 1,263,098 . The stock had closed at $51.82 on the previous day.

Also, Mizuho Securities downgrades its view on Qorvo (NASDAQ:QRVO) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on July 1, 2016. The company shares have dropped -30.61% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $80.79 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $53.02 and the 200 Day Moving Average price is recorded at $47.30.

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.

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