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Morgan Stanley analyst Joseph Moore upgraded Qorvo, Inc. QRVO to Overweight from Equal-Weight, raising the price forecast to $106 from $90.
Qorvo (QRVO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Shares of chipmaker Qorvo (QRVO 13.50%) rallied 13.4% on Friday, as of 1:55 p.m. ET.
Qorvo (QRVO) shares jumped 11% Friday when hedge fund Starboard Value made a significant investment in the maker of radio frequency and power semiconductors.
Starboard Value has built a 7.7% stake in Qorvo , the chipmaker revealed in a filing on Friday, as the activist investor looks to boost the company's weak share price.
The activist investor has amassed a 7.7% stake in Qorvo, according to a report from The Wall Street Journal.
Activist investor Starboard Value has built a 7.7% stake in Qorvo , the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The activist firm run by Jeff Smith owns a 7.7% stake in the chip maker that competes with the likes of Broadcom and Qualcomm.
Qorvo is sampling its automotive-qualified Ultra-Wideband SoC solution for offering advanced features such as keyless entry, safety and radar applications.
GREENSBORO, N.C., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that its QPF5100Q Ultra-Wideband (UWB) System-on-Chip (SoC) is automotive-qualified and sampling with key customers. This breakthrough SoC addresses automotive industry demands for highly accurate, reliable UWB technology in applications such as secure keyless entry and Digital Key, as well as UWB radar applications like child presence detection and motion sensing.