Qorvo (QRVO) Tops Q4 EPS by 31c
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Qorvo (QRVO) Tops Q4 Expectations on Robust Chip Demand, Analysts Hike PTs as 5G Momentum Continues
May 6, 2021 10:37 AM EDTQorvo (NASDAQ: QRVO) reported stronger-than-expected earnings for its fiscal fourth-quarter to send its shares mostly higher in the Thursday trading session.
The company said it earned an adjusted $2.74 a share on revenues of $1.07 billion in the quarter that ended April 3. This compares with earnings per share (EPS) of $2.43 a share on revenues of $1.04 billion. Reported sales mark a 36% jump in YoY sales while earnings erupted 75%.
March quarterly revenue... More
Qorvo (QRVO) Reports Acquisition of NextInput
May 6, 2021 8:44 AM EDTQorvo® (NASDAQ: QRVO), a leading provider of innovative RF solutions that connect the world, announced today that it has acquired Mountain View, California-based NextInput, a pioneer in the emerging field of force-sensing solutions for human-machine interface (HMI). NextInput has shipped tens of millions of MEMS-based sensors to leading manufacturers of smartphones, wearables, automobiles and other applications. The acquisition of NextInput... More
Qorvo Inc (QRVO) PT Raised to $245 at Needham & Company
May 6, 2021 7:01 AM EDTNeedham & Company analyst Rajvindra Gill raised the price target on Qorvo Inc (NASDAQ: QRVO) to $245.00 (from $220.00) while maintaining a Buy rating.
The analyst commented, "We are raising our price target to $245 following a strong beat and raise quarter. Mobile Products continues... More
