TipRanksStock Market NewsQRVO NewsQorvo (QRVO) Receives a Rating Update from a Top Analyst

Qorvo (QRVO) Receives a Rating Update from a Top Analyst

Rosenblatt Securities analyst Kevin Cassidy maintained a Hold rating on Qorvo (QRVOResearch Report) today and set a price target of $215.00. The company’s shares closed last Wednesday at $193.88, close to its 52-week high of $201.68.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 27.0% and a 72.7% success rate. Cassidy covers the Technology sector, focusing on stocks such as Smart Global Holdings, Skyworks Solutions, and ON Semiconductor.

Currently, the analyst consensus on Qorvo is a Strong Buy with an average price target of $222.55.

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Qorvo’s market cap is currently $21.57B and has a P/E ratio of 30.80. The company has a Price to Book ratio of 15.79.

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of QRVO in relation to earlier this year. Most recently, in May 2021, Walden Rhines, a Director at QRVO bought 5,560 shares for a total of $179,421.

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. The Mobile Products segment supplies of RF solutions that perform various functions in the increasingly complex cellular radio front end section of smartphones and other cellular devices. The Infrastructure & Defense Products segment supplier of RF solutions that support diverse global applications, including ubiquitous high-speed network connectivity to the cloud, data center communications, rapid internet connectivity throughout the home and workplace, and upgraded military capabilities across the globe. Its products include amplifiers, control products, discrete transistors and integrated circuits, filters and duplexers, frequency converters, integrated modules, optical components, oscillators, passives and switches. The company was founded on December 13, 2013 and is headquartered in Greensboro, NC.

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