Charter Equity Upgrades Qorvo Inc to Buy

Brokerage firm Charter Equity Upgrades its rating on Qorvo Inc(QRVO). The shares have been rated Buy. Previously, the analysts had a Market Perform rating on the shares. The rating by the stock financial advisor at Charter Equity was issued on Mar 15, 2017 in a research report to their Investors and Clients.

In a different note, Wells Fargo said it Initiates Coverage On Qorvo Inc, according to a research note issued on Mar 7, 2017. The shares have been rated ‘Market Perform’ by the firm. On Feb 2, 2017, BMO Capital said it Downgrades its rating on Qorvo Inc. The shares have been rated ‘Market Perform’ by the firm.

Qorvo Inc (QRVO) shares turned negative on Fridays trading session with the shares closing down -0.8 points or -1.17% at a volume of 22,64,461. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $68.34. The peak price level was also seen at $68.34 while the days lowest was $67.345. Finally the shares closed at $67.42. The 52-week high of the shares is $69.12 while the 52-week low is $43.79. According to the latest information available, the market cap of the company is $8,525 M.

Qorvo Inc(QRVO) last announced its earnings results on Feb 1, 2017 for Fiscal Year 2017 and Q3.Company reported revenue of $825.400M. Analysts had an estimated revenue of $821.290M. Earnings per share were $1.35. Analysts had estimated an EPS of $1.26.

Several Insider Transactions has been reported to the SEC. On Mar 14, 2017, James L Klein (VP and Pres. Infra. & Defense) sold 2,600 shares at $67.13 per share price.Also, On Mar 9, 2017, Daniel A Dileo (director) sold 1,000 shares at $66.59 per share price.On Feb 22, 2017, Ralph Quinsey (director) sold 131,257 shares at $67.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Qorvo Inc. provides core technologies and radio frequency (RF) solutions for mobile infrastructure and defense and aerospace applications. The Company offers amplification filtering and switching products for RF microwave and millimeter-wave applications. It serves the mobile device networks infrastructure and defense and aerospace markets. It designs develops manufactures and markets its products to the United States and international original equipment manufacturers and original design manufacturers. Its operating segments include Mobile Products (MP) and Infrastructure and Defense Products (IDP). The MP segment supplies RF solutions that perform various functions in the complex cellular radio front end section of smartphones and other cellular devices. The IDP segment supplies an array of RF solutions to wireless network infrastructure defense and aerospace markets and short-range connectivity applications for commercial consumer industrial and automotive markets.

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