Stifel Reiterates Hold Rating on Qorvo Inc (QRVO)

Stifel analyst Ruben Roy reiterated a Hold rating and $115.00 price target on Qorvo Inc (NASDAQ: QRVO).

The analyst comments "QRVO will report its F1Q (Jun.) earnings on June 30th after the market close. We expect results and September quarter guidance largely in line with our estimates. While IDC’s latest data indicates further improvement in the China smartphone market, QRVO has noted its flagship Samsung ramp is normalizing post launch. With respect to the HPA segment, last quarter, management noted that visibility into some Aerospace and Defense program timing is limited and recent industry data points suggest that this dynamic is continuing. With management highlighting macro-level trends and longer-term TAM assumptions at their June Analyst Day, we expect investor focus to remain on execution towards the company’s multi-year strategy."

For an analyst ratings summary and ratings history on Qorvo Inc click here. For more ratings news on Qorvo Inc click here.

Shares of Qorvo Inc closed at $122.01 yesterday.

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