Mizuho Securities Sticks to Their Hold Rating for Qorvo (QRVO)

In a report released today, Vijay Rakesh from Mizuho Securities reiterated a Hold rating on Qorvo (QRVO – Research Report), with a price target of $75.00. The company's shares closed today at $79.42.
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According to TipRanks, Rakesh is a 5-star analyst with an average return of 13.4% and a 52.60% success rate. Rakesh covers the Technology sector, focusing on stocks such as Nvidia, Credo Technology Group Holding Ltd, and Broadcom.
In addition to Mizuho Securities, Qorvo also received a Hold from Barclays's Thomas O'Malley in a report issued on June 11. However, on June 10, Citi maintained a Sell rating on Qorvo (NASDAQ: QRVO).
The company has a one-year high of $130.99 and a one-year low of $49.46. Currently, Qorvo has an average volume of 2.43M.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QRVO in relation to earlier this year. Last month, John Harding, a Director at QRVO sold 1,450.00 shares for a total of $101,630.50.

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