Qorvo (QRVO) Stock Forecast, Price & News

21 Wall Street 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 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 Wall Street research analysts have issued 1 year price targets for Qorvo's stock. Their QRVO share price forecasts range from $80.00 to $135.00. On average, they anticipate the company's share price to reach $112.67 in the next year. This suggests a possible upside of 20.4% 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 the year. Since then, QRVO shares have increased by 3.2% and is now trading at $93.57.
View the best growth stocks for 2023 here.

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) released its earnings results on Wednesday, August, 2nd. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.07. The semiconductor company had revenue of $651.16 million for 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 has initiated a share repurchase plan on Wednesday, November 2nd 2022, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 22.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Qorvo issued an update on its second quarter 2024 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $1.75-$1.75 for the period, compared to the consensus 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."

Qorvo's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.77%), Capital Research Global Investors (4.87%), Bank Julius Baer & Co. Ltd Zurich (4.70%), State Street Corp (4.65%), Baupost Group LLC MA (2.67%) and Geode Capital Management LLC (2.29%). Insiders that own company stock include Frank P Stewart, Gina Harrison, Grant Brown, James L Klein, James L Klein, Jeffery R Gardner, John R Harding, Mark J Murphy, Paul J Fego, Robert A Bruggeworth, Robert A Bruggeworth, Roderick Nelson and Steven E Creviston.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of QRVO stock can currently be purchased for approximately $93.57.

Qorvo (NASDAQ:QRVO) has a market capitalization of $9.16 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.