In a filing, Qorvo Inc revealed 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 $2.18 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 Monday, Qorvo Inc [NASDAQ:QRVO] saw its stock jump 0.46% to $76.37. Over the last five days, the stock has gained 2.37%. Qorvo Inc shares have risen nearly 9.21% since the year began. Nevertheless, the stocks have fallen -20.68% 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. SMA at 50 days reached $68.99, while 200 days put it at $80.88.
Levels Of Support And Resistance For QRVO Stock
The 24-hour chart illustrates a support level at 75.14, which if violated will result in even more drops to 73.91. On the upside, there is a resistance level at 77.23. A further resistance level may holdings at 78.09. The Relative Strength Index (RSI) on the 14-day chart is 57.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.54%. Stochastics %K at 48.64% indicates the stock is a holding.
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.
