Qorvo (NASDAQ:QRVO - Get Free Report) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.600-0.800 for the period, compared to the consensus estimate of 1.270. The company issued revenue guidance of $825.0 million-$875.0 million, compared to the consensus revenue estimate of $917.7 million. Qorvo also updated its Q1 guidance to $0.60-0.80 EPS.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on QRVO. Piper Sandler reduced their target price on Qorvo from $120.00 to $105.00 and set a neutral rating on the stock in a report on Thursday, February 1st. Susquehanna reissued a neutral rating and set a $100.00 target price on shares of Qorvo in a research report on Monday, April 8th. The Goldman Sachs Group lifted their price target on shares of Qorvo from $104.00 to $117.00 and gave the company a neutral rating in a research report on Thursday, February 1st. Rosenblatt Securities increased their price objective on shares of Qorvo from $95.00 to $105.00 and gave the stock a neutral rating in a research report on Thursday, February 1st. Finally, Craig Hallum lifted their target price on shares of Qorvo from $110.00 to $125.00 and gave the company a buy rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Qorvo has an average rating of Hold and an average price target of $111.53.
View Our Latest Stock Report on QRVO
Qorvo Stock Down 4.2 %
Shares of Qorvo stock traded down $4.95 during trading on Wednesday, reaching $111.89. The company had a trading volume of 2,941,134 shares, compared to its average volume of 1,278,736. The company has a market cap of $10.80 billion, a price-to-earnings ratio of -52.42, a price-to-earnings-growth ratio of 0.91 and a beta of 1.56. Qorvo has a fifty-two week low of $80.62 and a fifty-two week high of $121.65. The firm's fifty day moving average is $113.84 and its 200-day moving average is $105.59. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.33 and a current ratio of 1.90.
Qorvo (NASDAQ:QRVO - Get Free Report) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.18. Qorvo had a negative net margin of 6.11% and a positive return on equity of 10.41%. The firm had revenue of $941.00 million during the quarter, compared to analyst estimates of $927.24 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The firm's revenue for the quarter was up 48.7% compared to the same quarter last year. On average, analysts anticipate that Qorvo will post 4.95 EPS for the current year.
Insider Activity at Qorvo
In other news, SVP Paul J. Fego sold 3,027 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $114.00, for a total value of $345,078.00. Following the sale, the senior vice president now owns 29,705 shares in the company, valued at approximately $3,386,370. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Gina Harrison sold 354 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $114.00, for a total transaction of $40,356.00. Following the transaction, the vice president now owns 18,442 shares in the company, valued at approximately $2,102,388. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Paul J. Fego sold 3,027 shares of the firm's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $114.00, for a total transaction of $345,078.00. Following the completion of the sale, the senior vice president now owns 29,705 shares of the company's stock, valued at approximately $3,386,370. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,381 shares of company stock valued at $745,434. Insiders own 0.43% of the company's stock.
About Qorvo
(
Get Free Report)
Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.
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