J.P. Morgan Reaffirmed Qorvo (QRVO) As Buy; Has Target Of $88.0; Rudman Errol M Raised By $950,000 Its Tenet Healthcare (THC) Position

November 15, 2017 - By reb123z

Rudman Errol M increased Tenet Healthcare Corp (THC) stake by 100% reported in 2017Q2 SEC filing. Rudman Errol M acquired 50,000 shares as Tenet Healthcare Corp (THC)’s stock declined 9.34%. The Rudman Errol M holds 100,000 shares with $1.93M value, up from 50,000 last quarter. Tenet Healthcare Corp now has $1.38 billion valuation. It closed at $13.67 lastly. It is down 36.81% since November 15, 2016 and is downtrending. It has underperformed by 53.51% the S&P500.

Among 28 analysts covering Qorvo Inc (NASDAQ:QRVO), 11 have Buy rating, 2 Sell and 15 Hold. Therefore 39% are positive. Qorvo Inc has $9500 highest and $42 lowest target. $73.10’s average target is -6.77% below currents $78.41 stock price. Qorvo Inc had 84 analyst reports since July 22, 2015 according to SRatingsIntel. Morgan Stanley initiated Qorvo Inc (NASDAQ:QRVO) on Monday, June 27 with “Equal-Weight” rating. The firm has “Buy” rating by Charter Equity given on Wednesday, March 15. The firm has “Buy” rating by Needham given on Thursday, September 24. On Thursday, February 2 the stock rating was maintained by Mizuho with “Neutral”. Northland Capital maintained it with “Outperform” rating and $75 target in Thursday, July 30 report. The firm earned “Underperform” rating on Friday, November 4 by Bank of America. Ascendiant Capital Markets maintained it with “Buy” rating and $80 target in Thursday, July 30 report. The company was initiated on Wednesday, November 18 by JMP Securities. The stock has “Buy” rating by Drexel Hamilton on Tuesday, October 20. The firm has “Buy” rating by DA Davidson given on Friday, January 8.

Qorvo, Inc. is a provider of technologies and radio frequency solutions for mobile, infrastructure and defense and aerospace applications. The company has market cap of $9.97 billion. The Firm designs, develops, makes and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs). It currently has negative earnings. The Company’s divisions include Mobile Products (MP) and Infrastructure and Defense Products (IDP).

Analysts await Qorvo Inc (NASDAQ:QRVO) to report earnings on February, 7. They expect $1.43 earnings per share, up 17.21% or $0.21 from last year’s $1.22 per share. QRVO’s profit will be $181.83M for 13.71 P/E if the $1.43 EPS becomes a reality. After $1.33 actual earnings per share reported by Qorvo Inc for the previous quarter, Wall Street now forecasts 7.52% EPS growth.

It closed at $78.41 lastly. It is down 60.08% since November 15, 2016 and is uptrending. It has outperformed by 43.38% the S&P500.

Investors sentiment increased to 1.25 in 2017 Q2. Its up 0.11, from 1.14 in 2017Q1. It is positive, as 45 investors sold THC shares while 57 reduced holdings. 41 funds opened positions while 86 raised stakes. 113.66 million shares or 4.07% more from 109.22 million shares in 2017Q1 were reported. Washington Tru National Bank has invested 0% in Tenet Healthcare Corp (NYSE:THC). Par Mngmt Inc owns 0.13% invested in Tenet Healthcare Corp (NYSE:THC) for 600,000 shares. Prudential Financial reported 0% stake. Wells Fargo And Communications Mn holds 234,036 shares or 0% of its portfolio. Royal Bankshares Of Canada invested 0.01% in Tenet Healthcare Corp (NYSE:THC). Caspian Cap Lp reported 525,000 shares or 1.19% of all its holdings. 568,076 were accumulated by Columbus Hill Management L P. Stifel Financial invested in 16,184 shares or 0% of the stock. Financial Bank Of New York Mellon Corporation holds 0.01% of its portfolio in Tenet Healthcare Corp (NYSE:THC) for 1.11 million shares. Ameriprise Fincl, Minnesota-based fund reported 1.34 million shares. 17.89M are owned by Glenview Mgmt Limited Liability Company. Credit Suisse Ag stated it has 0.01% in Tenet Healthcare Corp (NYSE:THC). The Minnesota-based Us Commercial Bank De has invested 0% in Tenet Healthcare Corp (NYSE:THC). 545,070 were reported by Columbus Circle. Tci Wealth Advsrs Incorporated reported 0% of its portfolio in Tenet Healthcare Corp (NYSE:THC).

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