Analyst Research Roundup: Qorvo, Inc. (QRVO), GoPro, Inc. (GPRO)

The average Wall Street analyst rating for Qorvo, Hold, according to the average of 17 analyst scores. For the full year, analysts expect earnings to jump 26.34% yoy to $2.83. The company's quarterly EPS surprised Wall Street by as much as 9% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

Qorvo, Inc. (NASDAQ:QRVO) has seen its stock price gain 23.52, or +44.60%, so far in 2017. Since the start of the calendar year, shares have performed 43.77%. Finally, DA Davidson reduced their target price on shares of Qorvo from $70.00 to $67.00 and set a buy rating for the company in a report on Wednesday, August 3rd.

Sell-side analysts have also provided a consensus recommendation of 2.60 on company shares.

Shares of Qorvo (NASDAQ:QRVO) traded down 0.33% on Monday, reaching $51.61. On the stock's most recent trading day, the company's shares ended the regular session at $73.72, which is 7.08% lower than its 52-week high. Taking a wider perspective, shares have been recently trading -4.45% off the 52-week high and 57.02% away from the 52-week low. The stock's market cap is $6.83 billion.

Over the past 50 days, Qorvo, Inc. stock was 0.08% off of the high and 13.22% removed from the low.

Qorvo, Inc. (NASDAQ:QRVO)'s earnings per share has been growing at a -66.3 percent rate over the past 5 year when average revenue increase was noted as 28.3 percent. The semiconductor company reported $0.87 EPS for the quarter, beating the Zacks' consensus estimate of $0.80 by $0.07. The mean target price as estimated by the analysts for the company has been recorded at $3.50. Qorvo had a negative net margin of 1.04% and a positive return on equity of 9.60%. Total debt to equity ratio of the company for most recent quarter is - whereas long term debt to equity ratio for most recent quarter is 0.00. During the same period in the previous year, the firm posted $1.08 earnings per share. Of those insider trades, 90,120 shares of Qorvo, Inc. were purchased and 96,730 shares were sold.

Examining insider trading at Qorvo, Inc. The shares were sold at an average price of $55.22, for a total transaction of $1,022,784.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roderick Nelson sold 3,100 shares of Qorvo stock in a transaction that occurred on Tuesday, August 23rd. The disclosure for this sale can be found here. Needham & Company LLC reissued a "buy" rating and set a $86.00 price objective on shares of Qorvo in a research note on Sunday, September 17th. Qorvo, Inc. has had 47 insider trades in the last 3 months, including 15 open market buys and 32 sells. Analysts are forecasting earnings of $1.43 on a per share basis this quarter. Qorvo, Inc. has 126.96 million shares outstanding, and in the last trade has seen ATR around 1.66. Wunderlich Capital Managemnt now owns 3,101 shares of the company's stock valued at $171,000 after buying an additional 942 shares in the last quarter. Toronto Dominion Bank now owns 3,733 shares of the company's stock valued at $208,000 after buying an additional 2,979 shares in the last quarter.

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