Qorvo Inc’s filing revealed that its SVP, High Performance Analog Chesley Philip unloaded Company’s shares for reported $0.47 million on May 16 ’25. In the deal valued at $78.49 per share,6,004 shares were sold. As a result of this transaction, Chesley Philip now holds 28,558 shares worth roughly $2.46 million.
Then, Chesley Philip sold 5,371 shares, generating $421,624 in total proceeds. Upon selling the shares at $78.50, the SVP, High Performance Analog now owns 21,277 shares.
Before that, Chesley Philip bought 6,004 shares. Qorvo Inc shares valued at $471,254 were divested by the Officer at a price of $78.49 per share.
The Benchmark Company upgraded its Qorvo Inc [QRVO] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late April has reiterated a ‘”a Hold”‘ rating for it. Piper Sandler also remained covering QRVO and has increased its forecast on January 27, 2025 with a “an Overweight” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on January 21, 2025. It rated QRVO as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of QRVO
On Tuesday, Qorvo Inc [NASDAQ:QRVO] saw its stock jump 1.38% to $86.08. Over the last five days, the stock has gained 5.50%. Qorvo Inc shares have fallen nearly -23.41% since the year began. Nevertheless, the stocks have risen 23.09% over the past one year. While a 52-week high of $130.99 was reached on 01/24/25, a 52-week low of $49.46 was recorded on 04/08/25.
Levels Of Support And Resistance For QRVO Stock
The 24-hour chart illustrates a support level at 84.40, which if violated will result in even more drops to 82.73. On the upside, there is a resistance level at 87.60. A further resistance level may holdings at 89.13.
How much short interest is there in Qorvo Inc?
A steep rise in short interest was recorded in Qorvo Inc stocks on 2025-06-13, dropping by -0.66 million shares to a total of 5.19 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 5.86 million shares. There was a decline of -12.74%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 12, 2024 when Loop Capital began covering the stock and recommended ‘”a Hold”‘ rating along with a $73 price target.
