Qorvo (QRVO) : During the past 4 weeks, traders have been relatively bearish on Qorvo (QRVO), hence the stock is down -9.07% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.89% relative to the S&P 500. The 4-week change in the price of the stock is -8.13% and the stock has fallen -0.84% in the past 1 week.
The stock has recorded a 20-day Moving Average of 7.33% and the 50-Day Moving Average is 3.54%. Qorvo (NASDAQ:QRVO): stock turned positive on Friday. Though the stock opened at $54.57, the bulls momentum made the stock top out at $54.87 level for the day. The stock recorded a low of $54.25 and closed the trading day at $54.59, in the green by 0.20%. The total traded volume for the day was 1,170,364. The stock had closed at $54.48 in the previous days trading.
The company Insiders own 1.14% of Qorvo shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.56% . Institutional Investors own 89.95% of Qorvo shares. During last six month period, the net percent change held by insiders has seen a change of -10.26%. Also, Goldman Sachs maintains 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. Goldman Sachs raises the price target from $50 per share to $55 per share on Qorvo . The rating by the firm was issued on August 3, 2016.
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.