Qorvo (QRVO) is long from $15. It is trading at $165.94 as of this writing. This represents 1006% return for the long-time Arora Report subscribers.
QRVO came to the portfolio when a portfolio position RFMD merged with competitor TQNT. Long time Arora Report subscribers have made a fortune from buyouts. To date, 158 of The Arora Report portfolio companies have been bought out. This performance is better than boutique services that cost upwards of $50,000 a year.
QRVO is a maker of RF semiconductors. 5G will significantly increase the use of RF semiconductors.
Zones
The very long term target zone for QRVO is being raised to the zone of $235 to $255.
For those following the Good Way and are aggressive, the Buy Now rating stays ‘YES’ to start a small scale in.
For those following the Good Way and are NOT aggressive, the Buy Now rating is being changed to ‘NO’ because not only the stock but the entire semiconductor sector is overextended and vulnerable to a sharp pullback.
For those following the Best Way the buy zone is $116.11 to 135.56.
The recommended position size remains 20 – 40%.
What To Do Now
Those in the stock may consider continuing to hold.
Those not in the stock may follow the parameters given above.
This post was published on ZYX Buy Change Alert.
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