Qorvo (QRVO) Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 1 sell rating, 11 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" QRVO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in QRVO, but not buy additional shares or sell existing shares.
View QRVO analyst ratings or view top-rated stocks.

21 equities research analysts have issued twelve-month target prices for Qorvo's stock. Their QRVO share price forecasts range from $80.00 to $135.00. On average, they predict the company's share price to reach $112.67 in the next year. This suggests a possible upside of 20.2% from the stock's current price.
View analysts price targets for QRVO or view top-rated stocks among Wall Street analysts.

Qorvo's stock was trading at $90.64 at the beginning of 2023. Since then, QRVO shares have increased by 3.4% and is now trading at $93.73.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our QRVO earnings forecast.

Qorvo, Inc. (NASDAQ:QRVO) posted its earnings results on Wednesday, August, 2nd. The semiconductor company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.07. The semiconductor company earned $651.16 million during the quarter, compared to the consensus estimate of $639.84 million. Qorvo had a positive trailing twelve-month return on equity of 7.89% and a negative net margin of 0.29%.

ETFs with the largest weight of Qorvo (NASDAQ:QRVO) stock in their portfolio include First Trust Nasdaq Semiconductor ETF (FTXL), BTD Capital Fund (DIP), SPDR S&P Semiconductor ETF (XSD), Columbia Seligman Semiconductor and Technology ETF (SEMI), iShares Future Cloud 5G and Tech ETF (IDAT), Defiance Next Gen Connectivity ETF (FIVG), OneAscent Large Cap Core ETF (OALC) and Invesco S&P 500 Equal Weight Technology ETF (RSPT).

Qorvo declared that its Board of Directors has approved a stock repurchase program on Wednesday, November 2nd 2022, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 22.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Qorvo issued an update on its second quarter 2024 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $1.75-$1.75 for the period, compared to the consensus earnings per share estimate of $1.62. The company issued revenue guidance of $985.00M-$1.01 billion, compared to the consensus revenue estimate of $959.78 million.

90 employees have rated Qorvo Chief Executive Officer Robert Bruggeworth on Glassdoor.com. Robert Bruggeworth has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Qorvo investors own include Skyworks Solutions (SWKS), NVIDIA (NVDA), Micron Technology (MU), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Intel (INTC), Salesforce (CRM), Alibaba Group (BABA), Tesla (TSLA) and Cisco Systems (CSCO).

Qorvo trades on the NASDAQ under the ticker symbol "QRVO."

Shares of QRVO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of QRVO stock can currently be purchased for approximately $93.73.

Qorvo (NASDAQ:QRVO) has a market capitalization of $9.18 billion and generates $3.57 billion in revenue each year. The semiconductor company earns $103.15 million in net income (profit) each year or ($0.17) on an earnings per share basis.

The company employs 8,500 workers across the globe.

Qorvo's mailing address is 7628 THORNDIKE ROAD, GREENSBORO NC, 27409. The official website for the company is www.qorvo.com. The semiconductor company can be reached via phone at (336) 664-1233 or via email at investor-relations@qorvo.com.