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Last Price: 112.8 - Change: -0.65 - Change %: -0.5729
02/23/2024 16:07:00 EST

Qorvo Inc (QRVO)

Industry: Semiconductors

Price Support Resistance

In the past 20 trading days, QRVO has been trading in a range between $113.88 and $99.74 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

QRVO is trading below resistance at $114.61, about 2% to the upside. There is support at $106.75 -5% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Qorvo Inc (QRVO) entered a Green zone 14 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $113.37, a potential upside of 0.51% from the recent price of 112.80. Our AI powered stock target predictor currently has a target price of $117.53 a potential move of 4%. The stock is trading 1.92% (potential upside) below its 52 week high of $114.97 and 39.92 % (potential downside) above its 52 week low of $80.62 - based on the recent price.

Company Summary

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG).

QRVO Website

News

Top 10 Tech Stocks For 2024 (SA Quant)
The Tech Sector, XLK, dominated market performance in 2023, with seven of the biggest names capping off a banner year. SA Quant's Top 10 Tech Stocks for 2023 were up 43.6%, outperforming the S&P 500 by almost 20%, including SMCI +255%, ACLS +68%, and FN +50% through December 31st*. For 2024, the SA Quant Team selected a new list of 10 tech stocks with a focus on emerging technologies and innovation, particularly companies eager to leverage AI and ChatGPT.
Source: Seeking Alpha
Tue, 13 Feb 2024 05:00:00 -0500
Sentiment: Positive
Growing Richer With Qorvo
Growing Richer With Qorvo
Source: Seeking Alpha
Fri, 09 Feb 2024 11:37:45 -0500
Sentiment: Positive
3 Semiconductor Stocks to Buy for the Next Bull Run: February 2024
Semiconductor stocks have experienced a dramatic divergence in their fortunes over the past year. For chip companies with exposure to AI, business is booming.
Source: InvestorPlace
Tue, 06 Feb 2024 12:46:10 -0500
Sentiment: Positive
Qorvo (QRVO) Augments RF Portfolio With Anokiwave Buyout
Qorvo (QRVO) acquires Anokiwave to reinforce high-performance silicon-integrated circuits for intelligent, active array antennas in the fields of D&A, SATCOM and 5G applications.
Source: Zacks Investment Research
Fri, 02 Feb 2024 09:41:13 -0500
Sentiment: Positive
Qorvo (QRVO) Q3 Earnings Beat Estimates on Higher Revenues
Qorvo (QRVO) reports a top-line expansion year over year in the third quarter of fiscal 2024, backed by solid demand trends in the Connectivity and Sensors Group and Advance Cellular Group.
Source: Zacks Investment Research
Thu, 01 Feb 2024 11:06:06 -0500
Sentiment: Positive
Instituions Institution %: 90.651
Last QTR Institution change: 3799443

Insiders
Insiders %: 0.533
Insiders Purchases last QTR: 5000
Insiders Sales last QTR: 89796
Insiders Net last QTR: -84796

Analyst Ratings
Target Price: 113.37
Overall Rating: 3.3667
Strong Buys (5): 4
Buys (4): 7
Holds (3): 16
Sells (2): 2
Strong Sells (1): 1

Technicals
52 Week Hi: 114.97
52 Week Low: 80.62
Beta: 1.549
50 Day MA: 108.2516
200 Day MA: 100.447

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.456
Qtr Revenue Growth YOY: 0.445
Forward PE: 15.3139
Trailing PE: 0

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