Qorvo, Inc. (QRVO) Reaches $68.61 After 9.00% Down Move; Issuer Direct (ISDR) Sentiment Is 5

December 6, 2017 - By Marguerite Chambers

The stock of Qorvo, Inc. (NASDAQ:QRVO) is a huge mover today! The stock decreased 4.42% or $3.17 during the last trading session, reaching $68.61. About 1.22 million shares traded or 2.36% up from the average. Qorvo, Inc. (NASDAQ:QRVO) has risen 60.08% since December 6, 2016 and is uptrending. It has outperformed by 43.38% the S&P500.The move comes after 9 months negative chart setup for the $8.72 billion company. It was reported on Dec, 6 by Barchart.com. We have $62.44 PT which if reached, will make NASDAQ:QRVO worth $785.16M less.

Issuer Direct Corporation provides disclosure management solutions, shareholder communications tools, and cloud compliance technologies in North America and Europe. The company has market cap of $52.61 million. It offers services and products that enable companies' to produce and distribute their financial and business communications online and in print. It has a 33.94 P/E ratio. The firm provides Platform id, a cloud communications and compliance system for corporate issuers, mutual funds, and compliance professionals.

Qorvo, Inc. provides radio frequency solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide. The company has market cap of $8.72 billion. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) divisions. It currently has negative earnings. The MP segment offers cellular RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, power amplifiers (PA), low noise amplifiers, switches, multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers.

Among 29 analysts covering Qorvo Inc (NASDAQ:QRVO), 12 have Buy rating, 2 Sell and 15 Hold. Therefore 41% are positive. Qorvo Inc had 85 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Thursday, November 2 by Morgan Stanley. Pacific Crest downgraded the stock to “Sector Perform” rating in Monday, September 28 report. The firm has “Overweight” rating given on Monday, October 24 by JP Morgan. As per Thursday, February 11, the company rating was maintained by Needham. Goldman Sachs downgraded Qorvo, Inc. (NASDAQ:QRVO) on Wednesday, February 3 to “Neutral” rating. BMO Capital Markets maintained it with “Hold” rating and $63.0 target in Sunday, October 29 report. Cowen & Co maintained it with “Outperform” rating and $65 target in Friday, July 22 report. The stock of Qorvo, Inc. (NASDAQ:QRVO) has “Outperform” rating given on Thursday, July 30 by Northland Capital. The rating was maintained by Needham on Thursday, August 3 with “Buy”. The company was downgraded on Thursday, June 9 by Citigroup.

Analysts await Qorvo, Inc. (NASDAQ:QRVO) to report earnings on February, 7. They expect $1.43 EPS, up 17.21% or $0.21 from last year’s $1.22 per share. QRVO’s profit will be $181.83M for 11.99 P/E if the $1.43 EPS becomes a reality. After $1.33 actual EPS reported by Qorvo, Inc. for the previous quarter, Wall Street now forecasts 7.52% EPS growth.

The stock decreased 0.28% or $0.05 during the last trading session, reaching $17.65. About 56,287 shares traded or 522.44% up from the average. Issuer Direct Corporation (ISDR) has risen 123.64% since December 6, 2016 and is uptrending. It has outperformed by 106.94% the S&P500.

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