Qorvo (QRVO), a leading semiconductor company, has recently been making waves in the market. Piquing interest, global investment firm
Starboard Value has acquired a 7.7% stake in the chipmaker, pushing Qorvo shares upward. This activist involvement is predicted by investment banking firm
Morgan Stanley to catapult Qorvo’s earnings per share to approximately $9.63 by 2026. Qorvo continues to perform robustly in the market, outperforming competitors on strong trading days. The company is preparing to release its
Q3 earnings , with Wall Street anticipating key metrics. Despite some setbacks in recent days, the firm managed a 5% surge amidst overall semiconductor industry gains.However, the company is not untouched by volatility, with shares oscillating between surges and dips. Furthermore, Qorvo has recently agreed to a divestiture of its Silicon Carbide Business. Amidst these developments,
Mizuho retains a neutral rating but increases Qorvo's price target to $90, expecting a strong price appreciation. The journey ahead for Qorvo in the competitive semiconductor landscape should remain captivating for shareholders and potential investors alike.
Qorvo QRVO News Analytics from Thu, 02 May 2024 07:00:00 GMT to Sat, 25 Jan 2025 18:56:08 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -3
