Qorvo® Announces $1 Billion Share Repurchase ProgramQRVO: Qorvo, Inc.
2019-10-31 16:02:05
Qorvo® Announces $1 Billion Share Repurchase Program
QRVO trade ideas
$QRVO Near term breakout in Qorvo IncEntry level $78.55 = Target price $85.25 = Stop loss $77
Specializes in radar, communications, and electronic warfare systems for the defense and aerospace industries.
Expertise in the connected auto segment.
Market cap 9.05B could be a takeover target.
Technically the chart id on the verge of near term breakout, and ready to challenge old highs.
Indicators are all bullish and ascending.
Ease in China trade tensions a stimulant.
I Phone demand has increased.
QRVO Retest BreakoutQRVO broke out of the $76 level to only reach another level of resistance at the $79 level. It recently has swung back and retested and held the $76 level. This tells me it will have another push towards $79 level and this time breakout with momentum as it has already tested the $79 level 6 times. If it can breakout of the $79 level it will have strength all the way up to $85 where it will face more resistance. This is a potential 10-11% move with a stop alert at a little under the 20 sma
NOT EXACTLY THE RALLY THAT WAS EXPECTED IN QORVOWith the news that Trump and Xi had come to a truce on Saturday, many investors were kicking themselves that they had not bought more exposure to the chip sector, consolation is in the fact that afterthe initial pop this morning, it has been a steady bleed lower. Todays close will give a very good indication of what is to happen the sector in the coming weeks. Earnings are they only remaining stimulus that can help rip this higher. No need to jump in here, just wait and see.
AVERAGE ANALYSTS PRICE TARGET $73.85
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 66
SHORT INTEREST
COMPANY PROFILE
Qorvo, Inc. engages in the provision of core technologies and radio frequency solutions for mobile, infrastructure, and aerospace or defense applications. It operates through the following reportable segments: Mobile Products and Infrastructure & Defense Products. The Mobile Products segment supplies of RF solutions that perform various functions in the increasingly complex cellular radio front end section of smartphones and other cellular devices. The Infrastructure & Defense Products segment supplier of RF solutions that support diverse global applications, including ubiquitous high-speed network connectivity to the cloud, data center communications, rapid internet connectivity throughout the home and workplace, and upgraded military capabilities across the globe. Its products include amplifiers, control products, discrete transistors and integrated circuits, filters and duplexers, frequency converters, integrated modules, optical components, oscillators, passives and switches. The company was founded on December 13, 2013 and is headquartered in Greensboro, NC.
$qrvo Selling could be coming to a end, volume decline today.The volume profile in Qrvo is very ugly, massive sell candles with over 100% extra volume each day for the last week,but can we it as capitulation and a sign to step back in to the long side. Given the exposure that NASDAQ:QRVO has to China it is a risky move. We see the $54 area been tested once again, on confirmation of it holding then it is a good time to get a reversal trade. The RSI is very low at 22 but it can go much lower as the NASDAQ:SOX could possible drop below the 200ma, bringing more selling.
Impressive GapThe price has gapped down impressively and shall drop further due to the momentum. Never catch a falling knife.
$QRVO Bullish, but high China exposure. Takeover target. Until yesterday we were very bullish on Qrvo but considering the exposure it has to China our optimism has wavered. Despite that we stick to our guns on this lesser know name, which has a relatively low $8 Billion market cap in comparison to others in the Chip Sector. Qrvo has a great deal of exposure in the 5G rollout which makes it a ideal takeover target for the bigger names which lack such exposure to the future of communications. Given that is has a very diverse range of revenue streams we think that it is less prone to cycle declines than more specialized companies, making it even more appealing.
Company Description
Qorvo, Inc. engages in the provision of core technologies and radio frequency solutions for mobile, infrastructure, and aerospace or defense applications. It operates through the following segments: Mobile Products and Infrastructure & Defense Products. The Mobile Products segment supplies of RF solutions that perform various functions in the increasingly complex cellular radio front end section of smartphones and other cellular devices. The Infrastructure & Defense Products segment supplier of RF solutions that support diverse global applications, including ubiquitous high-speed network connectivity to the cloud, data center communications, rapid internet connectivity throughout the home and workplace, and upgraded military capabilities across the globe. Its products include amplifiers, control products, discrete transistors and integrated circuits, filters and duplexers, frequency converters, integrated modules, optical components, oscillators, passives and switches.
$QRVO QORVO Ready to breakout.Quorvo has taken some of the investors away from names like MU and NVDA and is justified. Still a relatively small company with a market cap of approx 8.8B it is well positioned to benefit form the roll out of 5G and is also touted as a prime takeover target. We will be taking a long position in this stock and not for the short term.
Qorvo® Awarded Air Force Contract to Accelerate GaN DesignQRVO: Qorvo, Inc.
2018-11-06 08:00:00
Qorvo® Awarded Air Force Contract to Accelerate GaN Design, Performance and Reliability
#Early look at important price areas in determining next moves.NASDAQ:QRVO Trade details outlined on chart.
Once again?Qorvo reached the TP of my last analysis:
Is it the same chance again? The RSI signs a further down-potential - let`s see if a new "3" really can be build..
Tardinmg belwo 50 is dangerous and could turn the chart bearish
Former analysis:
1-2-3 GOOD FOR 15% ?
Qorvo with a classical 1-2-3 Long-Setup! (For further Information have a look at
Since we have seen the Low at 34$, the stock could climb up to 52$. A consolidation followed, which endet at the minimal correction Level, the fibo 38,2%.
Yesterday Qorvo-1.36% could break it s Pivot resistance Level at 52$ (green and blue "2"). This Breakout opens the way for the next possible upwave with TP at the GAPs bottom edge @ 62$. In my Chart i have illustrated the thinkable longposition.
What you need to know about QRVONobody has faith in QRVO any longer. It does indeed have a bullish chart setup, why? Because after its nasty hit, people were covering their shorts and that bullish volume was indeed a misconception. People covering not buying. LOOK at the institution ownership. 93%!!!!! and you may ask about the other 7%? Well... it is all out in the market, being shorted!! 127 million shares in the market, with 127 million shares short float... If that isn't a sign of little faith, i don't know what is.
1-2-3 good for 15% ?Qorvo with a classical 1-2-3 Long-Setup! (For further Information have a look at
Since we have seen the Low at 34$, the stock could climb up to 52$. A consolidation followed, which endet at the minimal correction Level, the fibo 38,2%.
Yesterday Qorvo could break it s Pivot resistance Level at 52$ (green and blue "2"). This Breakout opens the way for the next possible upwave with TP at the GAPs bottom edge @ 62$. In my Chart i have illustrated the thinkable longposition.
Good luck
Long QRVO Stock is looking good with move up and part of the APPLE play, like the way it looks good news and think it can go much higher
