Qorvo Receives a Hold from BMO Capital

By Jason Carr

In a report released yesterday, Tim Long from BMO Capital reiterated a Hold rating on Qorvo (NASDAQ: QRVO), with a price target of $63. The company’s shares closed yesterday at $74.63, close to its 52-week high of $79.34.

According to TipRanks.com, Long is a 5-star analyst with an average return of 15.5% and a 68.4% success rate. Long covers the Technology sector, focusing on stocks such as Brocade Communication Systems Inc, Comtech Telecommunications, and Hewlett Packard Enterprise.

Qorvo has an analyst consensus of Moderate Buy, with a price target consensus of $80.75.

The company has a one year high of $79.34 and a one year low of $48.28. Currently, Qorvo has an average volume of 1.69M.

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Jeffery Gardner, a Director at QRVO sold 3,925 shares for a total of $304,384.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Qorvo, Inc. engages in the provision of core technologies and radio frequency solutions for mobile, infrastructure, and aerospace or defense applications. The company operates through two segments: Mobile Products, Infrastructure and Defense Products. The Mobile Products segment supplies of RF solutions that perform various functions in the increasingly complex cellular radio front end section of smartphones and other cellular devices. The Infrastructure and Defense Products segment supplier of RF solutions that support diverse global applications, including ubiquitous high-speed network connectivity to the cloud, data center communications, rapid internet connectivity throughout the home and workplace, and upgraded military capabilities across the globe. Its products include amplifiers, control products, discrete transistors and integrated circuits, filters and duplexers, frequency converters, integrated modules, optical components, oscillators, passives and switches. The company was founded on December 13, 2013 and is headquartered in Greensboro, NC.