Mizuho Securities Stick to Their Buy Rating for Qorvo By Investing.com

Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Qorvo (NASDAQ:) on Wednesday, setting a price target of $218, which is approximately 19.51% above the present share price of $182.41.

Rakesh expects Qorvo to post earnings per share (EPS) of $1.77 for the second quarter of 2021.

The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Qorvo, with an average price target of $205.6.
The analysts price targets range from a high of $220 to a low of $170.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $1.09 billion and a net profit of $299.2 million. The company’s market cap is $20.66 billion.

According to TipRanks.com, Mizuho Securities analyst Vijay Rakesh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.6% and a 66.58% success rate.

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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
Malcare WordPress Security