Qorvo (QRVO) Stock Rating Diminished by Canaccord Genuity Posted by Lindsay Conner on Feb Eighth, 2019 Tweet
Qorvo (NASDAQ:QRVO) was downgraded by stock analysts at Canaccord Genuity from a “remove” rating to a “defend” rating in a research point to issued to merchants on Friday, The Waft experiences.
QRVO has been the subject of a whole lot of different research experiences. JPMorgan Plod & Co. role a $Ninety eight.00 target tag on Qorvo and gave the corporate a “remove” rating in a research point to on Wednesday, December twelfth.
Zacks Funding Research raised Qorvo from a “sell” rating to a “defend” rating in a research point to on Monday, January 14th. UBS Crew diminished their target tag on Qorvo from $eighty three.00 to $68.00 and role a “impartial” rating on the stock in a research point to on Wednesday, November 14th. KeyCorp diminished their target tag on Qorvo from $95.
00 to $80.00 and role an “chubby” rating on the stock in a research point to on Wednesday, November 14th.
In the raze, Craig Hallum diminished their target tag on Qorvo from $seventy six.00 to $seventy four.00 and role a “defend” rating on the stock in a research point to on Monday, November nineteenth. Two investment analysts procure rated the stock with a sell rating, sixteen procure given a defend rating and nine procure assigned a remove rating to the corporate’s stock. Qorvo currently has a consensus rating of “Preserve” and a consensus target tag of $seventy six.Forty eight.
Derive Qorvo signals:
Shares of QRVO stock opened at $sixty six.fifty three on Friday. The corporate has a contemporary ratio of three.
50, a snappy ratio of two.Forty eight and a debt-to-fairness ratio of zero.sixteen.
Qorvo has a fifty two-week low of $Fifty four.seventy four and a fifty two-week high of $86.84. The agency has a market capitalization of $eight.57 billion, a P/E ratio of thirteen.92, a tag-to-earnings-convey ratio of 1.
39 and a beta of zero.88.
Qorvo (NASDAQ:QRVO) final issued its quarterly earnings records on Thursday, February 7th. The semiconductor company reported $1.eighty five earnings per fragment (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.sixty nine by $zero.
sixteen. The corporate had income of $832.20 million for the quarter, when put next to the consensus estimate of $819.21 million.
Qorvo had a determined return on fairness of thirteen.sixty five% and a adverse procure margin of 1.
forty one%. The agency’s income was down 1.6% when put next to the identical quarter final year. For the length of the identical quarter final year, the enterprise posted $1.sixty nine earnings per fragment. On common, analysts predict that Qorvo will put up four.
ninety six EPS for the hot year.
In other records, CEO Robert A.
Bruggeworth sold 5,000 shares of the stock in a transaction dated Monday, November twelfth. The shares were sold at an common tag of $sixty three.92, for a total transaction of $319,600.00. Following the completion of the sale, the executive executive officer now at once owns 178,872 shares in the corporate, valued at $11,433,498.
The transaction was disclosed in a file filed with the SEC, which is obtainable by diagram of the SEC net hiss . Moreover, VP Steven E. Creviston sold 6,000 shares of the stock in a transaction dated Friday, January Twenty fifth. The stock was sold at an common tag of $sixty five.
00, for a total transaction of $390,000.00. Following the sale, the vice chairman now owns Sixty one,006 shares of the corporate’s stock, valued at $three,965,390.
The disclosure for this sale could possibly merely additionally be found right here .
Over the final quarter, insiders procure sold 20,262 shares of company stock valued at $1,290,193. zero.eighty five% of the stock is at unique owned by company insiders.
Loads of institutional merchants procure these days sold and sold shares of QRVO. LPL Financial LLC lifted its holdings in Qorvo by 2.three% in the fourth quarter.
LPL Financial LLC now owns 25,112 shares of the semiconductor company’s stock rate $1,525,000 after shopping an additional 574 shares one day of the length. First Belief Advisors LP lifted its holdings in Qorvo by 122.1% in the fourth quarter. First Belief Advisors LP now owns 134,976 shares of the semiconductor company’s stock rate $eight,197,000 after shopping an additional seventy four,216 shares one day of the length. Prudential Financial Inc. lifted its holdings in Qorvo by 11.eight% in the fourth quarter.
Prudential Financial Inc. now owns 722,626 shares of the semiconductor company’s stock rate $Forty three,885,000 after shopping an additional seventy six,001 shares one day of the length. Oregon Public Employees Retirement Fund lifted its holdings in Qorvo by Forty nine.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 60,276 shares of the semiconductor company’s stock rate $three,661,000 after shopping an additional 19,993 shares one day of the length. In the raze, Nissay Asset Administration Corp Japan ADV lifted its holdings in Qorvo by 10.three% in the fourth quarter.
Nissay Asset Administration Corp Japan ADV now owns 11,844 shares of the semiconductor company’s stock rate $719,000 after shopping an additional 1,104 shares one day of the length. Institutional merchants have 94.forty four% of the corporate’s stock.
Qorvo Firm Profile
Qorvo, Inc provides radio frequency (RF) solutions and applied sciences for mobile gadget, infrastructure, and protection and aerospace functions worldwide.
It operates by diagram of Cell Merchandise (MP) and Infrastructure and Defense Merchandise (IDP) segments. The MP segment provides mobile RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, vitality amplifiers (PAs), low noise amplifiers (LNAs), switches, multi-band PAs and transmit modules, RF vitality administration integrated circuits, diversity receive modules, antenna swap modules, antenna tuning and make a selection watch over solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers.
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