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NASDAQ:QRVO

Qorvo (QRVO) Stock Forecast, Price & News

$94.56
-0.25 (-0.26%)
(As of 09/27/2023 ET)
Compare
Today's Range
$93.48
$95.50
50-Day Range
$94.13
$110.21
52-Week Range
$75.38
$114.59
Volume
1.20 million shs
Average Volume
1.26 million shs
Market Capitalization
$9.26 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$112.67

Qorvo MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
19.1% Upside
$112.67 Price Target
Short Interest
Healthy
2.00% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
1.24mentions of Qorvo in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$4.11 M Sold Last Quarter
Proj. Earnings Growth
49.13%
From $4.03 to $6.01 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Computer And Technology Sector

108th out of 604 stocks

Semiconductors & Related Devices Industry

21st out of 88 stocks


QRVO stock logo

About Qorvo (NASDAQ:QRVO) Stock

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. The CSG segment supplies connectivity and sensor components and systems featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS-/BAW-based sensors. It serves markets, such as smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. The company also offers foundry services for defense primes and other defense and aerospace customers. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. It operates in the United States, China, other Asian countries, Taiwan, and Europe. The company was founded in 1957 and is headquartered in Greensboro, North Carolina.

QRVO Price History

QRVO Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Why Is Qorvo (QRVO) Up 1.5% Since Last Earnings Report?
Qorvo stock gains on Q1 beat & strong guidance
Barclays Keeps Their Hold Rating on Qorvo (QRVO)
See More Headlines
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QRVO Company Calendar

Last Earnings
8/02/2023
Today
9/27/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:QRVO
Fax
N/A
Employees
8,500
Year Founded
2015

Price Target and Rating

Average Stock Price Forecast
$112.67
High Stock Price Forecast
$135.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+20.4%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
21 Analysts

Profitability

Net Income
$103.15 million
Pretax Margin
-0.21%

Debt

Sales & Book Value

Annual Sales
$3.57 billion
Cash Flow
$8.47 per share
Book Value
$39.07 per share

Miscellaneous

Free Float
97,489,000
Market Cap
$9.16 billion
Optionable
Optionable
Beta
1.44

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Key Executives

  • Mr. Robert A. BruggeworthMr. Robert A. Bruggeworth (Age 62)
    Pres, CEO & Director
    Comp: $1.69M
  • Mr. Grant A. BrownMr. Grant A. Brown (Age 46)
    Sr. VP & CFO
    Comp: $834.32k
  • Mr. Paul J. FegoMr. Paul J. Fego (Age 65)
    Sr. VP of Global Operations
    Comp: $724.51k
  • Mr. Steven E. CrevistonMr. Steven E. Creviston (Age 59)
    Sr. VP and Pres of Connectivity & Sensors
    Comp: $810.69k
  • Mr. Philip J. Chesley (Age 52)
    Sr. VP & Pres of High Performance Analog
    Comp: $694.01k
  • Mr. Douglas DeLieto
    VP of Investor Relations
  • Mr. Jason K. Givens
    Sr. VP, Gen. Counsel & Sec.
  • Mr. Brent Dietz
    Director of Corp. Communications
  • Mr. David Fullwood
    Sr. VP of Sales & Marketing
  • Ms. Debra Howard
    Sr. VP & Chief HR Officer













QRVO Stock - Frequently Asked Questions

Should I buy or sell Qorvo stock right now?

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.

What is Qorvo's stock price forecast for 2023?

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.

How have QRVO shares performed in 2023?

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
.

When is Qorvo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our QRVO earnings forecast
.

How were Qorvo's earnings last quarter?

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%.

How will Qorvo's stock buyback program work?

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.

What guidance has Qorvo issued on next quarter's earnings?

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.

What is Robert Bruggeworth's approval rating as Qorvo's CEO?

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.

What other stocks do shareholders of Qorvo own?

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).

What is Qorvo's stock symbol?

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

Who are Qorvo's major shareholders?

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
.

How do I buy shares of Qorvo?

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.

What is Qorvo's stock price today?

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

How much money does Qorvo make?

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.

How many employees does Qorvo have?

The company employs 8,500 workers across the globe.

Does Qorvo have any subsidiaries?
The following companies are subsidiares of Qorvo: 7Hugs Labs SAS, Active-Semi (Shanghai) Co. Ltd., Active-Semi Inc, Active-Semi International Inc., Active-Semi International Inc., Amalfi Semiconductor Inc., Cavendish Kinetics, Cavendish Kinetics Inc, Cavendish Kinetics Limited, Custom MMIC, DecaWave, Decawave Inc., Decawave Limited, GreenPeak Technologies, NextInput, NextInput Inc., Premier Devices - A Sirenza Company, Qorvo Asia LLC, Qorvo Beijing Co. Ltd., Qorvo Belgium NV, Qorvo Biotechnologies LLC, Qorvo California Inc., Qorvo Costa Rica S.R.L., Qorvo Denmark ApS, Qorvo Dezhou Co. Ltd., Qorvo Europe Holding Company, Qorvo Finland Oy, Qorvo Germany GmbH, Qorvo Germany Holding GmbH, Qorvo Hong Kong Holding Pvt. Limited, Qorvo Hong Kong Limited, Qorvo International Holding Inc., Qorvo International Pte. Ltd., Qorvo International Services Inc., Qorvo Ireland Holding Limited, Qorvo Japan YK, Qorvo Malaysia Sdn Bhd, Qorvo Munich GmbH, Qorvo Oregon Inc., Qorvo Paris, Qorvo Shanghai Ltd., Qorvo Singapore Pte. Ltd., Qorvo Texas LLC, Qorvo Toulouse SAS, Qorvo UK Limited, Qorvo US Inc., Qorvo Utrecht B.V., Qorvo Vietnam Company Limited, RF Micro Devices, RF Micro Devices Svenska AB, RFMD Infrastructure Product Group Inc., RFMD LLC, Sevenhugs Inc., TriQuint Semiconductor, TriQuint WJ Inc., United Silicon Carbide, United Silicon Carbide Inc., WJ Newco LLC, and Xemod Incorporated.
Read More
How can I contact Qorvo?

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.

This page (NASDAQ:QRVO) was last updated on 9/27/2023 by MarketBeat.com Staff

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