Apple Supplier Qorvo Could Stoke Chip M&A Frenzy

By | November 18, 2015

Scalper1 News

Apple’s (AAPL) iPhone “elephant in the room” clouded Qorvo’s (QRVO) otherwise upbeat analyst day, an MKM analyst wrote late Tuesday as he suggested that the chipmaker might be considering a hefty M&A play. Qorvo stock closed up 5.6% in the stock market today at 54.74. March-quarter expectations for a 10%-15% depression in iPhone sales remained unchanged, MKM analyst Ian Ing noted in a research report. Ing retired his 71 price target and buy rating Scalper1 News

Scalper1 News