QRVO has some catch up to perform on the sector.
Analysts are positioning on the bullish side pre- earnings
Recent upgrade
Raymond James and Canaccord Genuity gave Qorvo (NASDAQ: QRVO) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Rajvindra Gill assigned a Buy rating to Qorvo today and set a price target of $150.00.
Average analysts rating | Overweight with $113 average target
34 P/e Ratio
Company profile
Qorvo, Inc. engages in the provision of core technologies and radio frequency solutions for mobile, infrastructure, and aerospace or defense applications. It operates through the following reportable segments: Mobile Products and Infrastructure & 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 & 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.
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Superb earnings and guidance , plenty more upside potential