Form 8-K Qorvo, Inc. For: Aug 02

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Cowen Affirms Qorvo (QRVO) at 'Market Perform'; iPhone Metrics Strong, but GM Erosion Noted

August 3, 2016 11:58 AM EDT

Cowen and Company affirms Qorvo (Nasdaq: QRVO) at Market Perform with a price target of $65 following Q1 earnings results.

Analyst Tim Arcuri commented today, The top-line beat and guide up seems to us to be entirely driven by iPhone 7 share gain and is consistent with our view that QRVO is the primary beneficiary of the iPhone SKU... More