Recent news on Qorvo, Inc. (NASDAQ:QRVO) has been primarily negative. The company's shares have been purchased in large volume by Diversified Trust Co, but share performance has been lackluster with three-year losses on record. While Qorvo has unveiled a new automotive-qualified UWB SoC Solution, the stock has not benefited. The semiconductor company’s performance continues to underperform vis-a-vis competitors popularly linked to a surprise loss and warning of a slump. Stock price targets have been lowered by Goldman Sachs and Mizuho. The company recently reported beating Q2 earnings and revenue estimates, but stock has still fallen. Reports indicate lackluster performance driving Qorvo's 30% price drop and a serious 56% loss for investors who invested three years ago. JPMorgan Chase & Co. sold more than half a million shares. Noticeable insider selling of shares by director Roderick Nelson. Qorvo's stock plunged due to weak guidance. The AI move by Apple is seen not to be a catalyst for Qorvo. Despite these challenges, Qorvo's Q2 2025 results show strong revenue growth amidst the challenging market. Qorvo also announced divestiture of its Silicon Carbide business.
Qorvo QRVO News Analytics from Thu, 02 May 2024 07:00:00 GMT to Fri, 10 Jan 2025 21:36:05 GMT -
Rating -5
- Innovation -2
- Information 5
- Rumor -5
