Are Analysts Bullish Qorvo, Inc. (NASDAQ:QRVO) After Last Week?

August 10, 2018 - By Mary Markley

Qorvo, Inc. (NASDAQ:QRVO) Logo

Qorvo, Inc. (NASDAQ:QRVO) Ratings Coverage

Among 17 analysts covering Qorvo (NASDAQ:QRVO), 8 have Buy rating, 1 Sell and 8 Hold. Therefore 47% are positive. Qorvo had 20 analyst reports since February 27, 2018 according to SRatingsIntel. Nomura downgraded Qorvo, Inc. (NASDAQ:QRVO) on Tuesday, March 20 to “Hold” rating. As per Friday, March 16, the company rating was maintained by JP Morgan. The stock of Qorvo, Inc. (NASDAQ:QRVO) has “Neutral” rating given on Tuesday, March 20 by Instinet. Morgan Stanley maintained the shares of QRVO in report on Thursday, August 2 with “Equal-Weight” rating. The company was maintained on Friday, May 4 by Citigroup. The firm has “Buy” rating given on Tuesday, May 1 by Canaccord Genuity. The rating was maintained by JP Morgan with “Overweight” on Tuesday, April 24. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, July 5. On Thursday, May 3 the stock rating was maintained by Drexel Hamilton with “Buy”. The stock of Qorvo, Inc. (NASDAQ:QRVO) earned “Market Perform” rating by BMO Capital Markets on Thursday, August 2. Below is a list of Qorvo, Inc. (NASDAQ:QRVO) latest ratings and price target changes.

02/08/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $67 New Target: $75 Maintain
02/08/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $72 New Target: $75 Maintain
05/07/2018 Broker: KeyBanc Capital Markets Old Rating: Sector Weight New Rating: Overweight Old Target: $80 Upgrade
22/06/2018 Broker: Loop Capital Rating: Buy New Target: $95 Initiates Coverage On
18/06/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $90 New Target: $95 Maintain
15/06/2018 Broker: Benchmark Rating: Buy New Target: $95 Initiates Coverage On
04/05/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $75 New Target: $80 Maintain
03/05/2018 Broker: Mizuho Rating: Hold New Target: $74.0000 Maintain
03/05/2018 Broker: Drexel Hamilton Rating: Buy New Target: $95.0000 Maintain
01/05/2018 Broker: Canaccord Genuity Old Rating: Buy New Rating: Buy Old Target: $89 New Target: $81 Maintain

The stock decreased 1.02% or $0.88 during the last trading session, reaching $84.64. About 23,557 shares traded. Qorvo, Inc. (NASDAQ:QRVO) has risen 3.37% since August 10, 2017 and is uptrending. It has underperformed by 9.20% the S&P500.

Qorvo, Inc. provides radio frequency solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide. The company has market cap of $10.63 billion. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) divisions. It currently has negative earnings. The MP segment offers cellular RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, power amplifiers (PA), low noise amplifiers, switches, multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers.

More important recent Qorvo, Inc. (NASDAQ:QRVO) news were published by: Seekingalpha.com which released: “Qorvo (QRVO) Q1 2019 Results – Earnings Call Transcript” on August 02, 2018, also Globenewswire.com published article titled: “Qorvo® Announces Fiscal 2019 First Quarter Financial Results”, Nasdaq.com published: “Qorvo® to Webcast Quarterly Earnings Conference Call on August 1, 2018” on July 18, 2018. More interesting news about Qorvo, Inc. (NASDAQ:QRVO) was released by: Globenewswire.com and their article: “Qorvo Announces Closing of $500 Million Senior Notes Offering” with publication date: July 16, 2018.

Qorvo, Inc. (NASDAQ:QRVO) Ratings Chart

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