Qorvo (QRVO) is currently facing a variety of fortunes. Despite some promising performances, demonstrating solid revenues and stronger-than-anticipated fiscal Q4 results, the company's guidance has been weaker than expected, leading to a dip in its stock value. This has resulted in brokerage companies assigning an average recommendation of 'Hold'. However, few specialists think the firm is undervalued by as much as 21%, with others arguing it's as much as 58% undervalued. Furthermore, there are concerns over the impact of slowing mobile phone sales on Qorvo due to the business being a primary supplier for Apple. Meanwhile, strategic acquisitions and positive fiscal performance have been highlighted during Qorvo's Q4 2024 earnings call. In other news, the enterprise has divested its China assets to reduce capital intensity and has bought Anokiwave to further expand its RF portfolio. Finally, despite a lower target price being set by Goldman Sachs and a sell-off of the company's shares by several asset management companies, it has also gained new investments and a fresh position has been acquired in Qorvo by FFT Wealth Management LLC.
Qorvo QRVO News Analytics from Tue, 10 Oct 2023 07:00:00 GMT to Tue, 07 May 2024 11:51:56 GMT -
Rating 0
- Innovation 2
- Information 4
- Rumor -2
