Tag Archives: qrvo

Apple Supplier Qorvo Could Stoke Chip M&A Frenzy

Apple’s (AAPL) iPhone “elephant in the room” clouded Qorvo’s (QRVO) otherwise upbeat analyst day, an MKM analyst wrote late Tuesday as he suggested that the chipmaker might be considering a hefty M&A play. Qorvo stock closed up 5.6% in the stock market today at 54.74. March-quarter expectations for a 10%-15% depression in iPhone sales remained unchanged, MKM analyst Ian Ing noted in a research report. Ing retired his 71 price target and buy rating

Qorvo Dips On Slowing Apple, Samsung Sales Forecasts

Qorvo (QRVO) stock dipped Monday on Wall Street — partially reversing Friday’s 23% meteoric rise — after one analyst worried that slowing Apple (AAPL) and Samsung smartphone sales could cripple the chipmaker’s fiscal Q3 and Q4 revenue. Across the board, Apple chip suppliers were largely down Monday with major indexes. The S&P 500, Dow Jones industrial average and Nasdaq all dipped more than 1%. Qorvo stock suffered the worst among Apple chip

Qorvo Guides ‘Better Than Feared’ On Apple Gains

Apple’s (AAPL) iPhone 6S ramp drove Qorvo’s (QRVO) fiscal Q2 2016 beat late Thursday, and news of a “better than feared” Q3 guidance helped shares continue a meteoric surge Friday on Wall Street. In afternoon trading, Qorvo stock was up 22% at a month-high above 55. Qorvo led fellow Apple chip suppliers Skyworks Solutions (SWKS) stock, which was up 7.5% after its own fiscal Q4 sales beat late Thursday, and Avago Technologies (AVGO), up 6.5%. For