Morgan Stanley analyst Joseph Moore upgraded Qorvo, Inc. QRVO to Overweight from Equal-Weight, raising the price forecast to $106 from $90.
Qorvo (QRVO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Shares of chipmaker Qorvo (QRVO 13.50%) rallied 13.4% on Friday, as of 1:55 p.m. ET.
Qorvo (QRVO) shares jumped 11% Friday when hedge fund Starboard Value made a significant investment in the maker of radio frequency and power semiconductors.
Starboard Value has built a 7.7% stake in Qorvo , the chipmaker revealed in a filing on Friday, as the activist investor looks to boost the company's weak share price.
The activist investor has amassed a 7.7% stake in Qorvo, according to a report from The Wall Street Journal.
Activist investor Starboard Value has built a 7.7% stake in Qorvo , the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The activist firm run by Jeff Smith owns a 7.7% stake in the chip maker that competes with the likes of Broadcom and Qualcomm.
Qorvo is sampling its automotive-qualified Ultra-Wideband SoC solution for offering advanced features such as keyless entry, safety and radar applications.
This has turned out to be a forgettable year for Qorvo (QRVO 3.24%) investors as shares of the chipmaker are down 38% as of this writing, which is in stark contrast to the 23% gains clocked by the PHLX Semiconductor Sector index in 2024.
Qorvo, Inc. (NASDAQ:QRVO ) Barclays 22nd Annual Global Technology Conference December 12, 2024 12:50 PM ET Company Participants Grant Brown - Senior Vice President and Chief Financial Officer Dave Fullwood - Senior Vice President, Sales and Marketing Philip Chesley - President, High Performance Analog & Senior VP Conference Call Participants Tom O'Malley - Barclays Tom O'Malley Hi, Semiconductor and Semicap Equipment Analyst here. Please have Grant Brown, Phil Chesley, and Dave Fullwood here from Qorvo.
Qorvo (QRVO) reported earnings 30 days ago. What's next for the stock?