The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Qorvo Inc shares valued at $471,254 were sold by Chesley Philip on May 16 ’25. At $78.49 per share, Chesley Philip sold 6,004 shares. The insider’s holdings dropped to 28,558 shares worth approximately $2.18 million following the completion of this transaction.
Also, Chesley Philip sold 5,371 shares, netting a total of over 421,624 in proceeds. Following the sale of shares at $78.50 each, the insider now holds 21,277 shares.
Before that, Chesley Philip had added 6,004 shares to its account. In a trade valued at $471,254, the Officer bought Qorvo Inc shares for $78.49 each.
As published in a research note from The Benchmark Company on April 30, 2025, Qorvo Inc [QRVO] has been rated up from a Hold to a Buy and the price target has been revised to $95. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in late April. As of January 27, 2025, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for QRVO. Earlier on January 21, 2025, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for QRVO stock which previously was a “an Equal-weight”.
Analyzing QRVO Stock Performance
During the last five days, there has been a drop of approximately -0.13%. Over the course of the year, Qorvo Inc shares have jumped approximately 9.27%. Shares of the company reached a 52-week high of $91.33 on 01/24/25 and a 52-week low of $49.46 on 04/08/25.
Support And Resistance Levels for Qorvo Inc (QRVO)
According to the 24-hour chart, there is a support level at 75.53, which, if violated, would cause prices to drop to 74.65. In the upper region, resistance lies at 77.38. The next price resistance is at 78.35. RSI (Relative Strength Index) is 57.94 on the 14-day chart, showing neutral technical sentiment.
