Qorvo, Inc. (QRVO) currently holds a consensus rating of 'Hold' from brokerages. QRVO's stockholdings have taken a hit with reductions by QRG Capital Management Inc., SG Americas Securities LLC, and the Texas Permanent School Fund Corp. Despite bearish signs causing some stock nosedive, Qorvo surpassed Q4 earnings estimates bolstered by substantial revenues. The firm's one-year high recently hit $126.54 and the share price target increased to $145.00. Qorvo's surge over the past week has taken its five-year gains to 66%. It, however, reported a weak outlook following mixed third quarter of fiscal 2024 results. Rising above this, QRVO announced the acquisition of Anokiwave, enhancing their RF Portfolio. Nevertheless, a slowing mobile phone sales could impact Qorvo's future guidance. Moreover, the CEO sold over $2.2 million in company stocks. The company also announced the date for its 2024 investor day while dealing with a $39M lawsuit lost to Akoustis amid their bankruptcy fears. There's possible activist speculation following a recent 13F filing. Lighter news reveals that Qorvo formed a strategic partnership with Luxshare.
Qorvo QRVO News Analytics from Wed, 01 Feb 2023 08:00:00 GMT to Sun, 21 Jul 2024 06:00:41 GMT -
Rating -8
- Innovation -5
- Information 6
- Rumor -3
