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NASDAQ:QRVO

Qorvo (QRVO) Stock Price, News & Analysis

$98.68
+0.25 (+0.25%)
(As of 05/20/2024 ET)
Today's Range
$98.38
$99.62
50-Day Range
$95.67
$120.17
52-Week Range
$80.62
$121.65
Volume
865,139 shs
Average Volume
1.60 million shs
Market Capitalization
$9.53 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$110.83

Qorvo MarketRank™ Stock Analysis

Analyst Rating
Hold
2.28 Rating Score
Upside/​Downside
12.3% Upside
$110.83 Price Target
Short Interest
Healthy
2.41% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
0.70mentions of Qorvo in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$2.88 M Sold Last Quarter
Proj. Earnings Growth
43.60%
From $5.16 to $7.41 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.53 out of 5 stars

Computer And Technology Sector

95th out of 588 stocks

Semiconductors & Related Devices Industry

18th out of 85 stocks

QRVO stock logo

About Qorvo Stock (NASDAQ:QRVO)

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 Stock Price History

QRVO Stock News Headlines

Qorvo, Inc. (NASDAQ:QRVO) SVP Sells $211,728.92 in Stock
Q3 2024 Akoustis Technologies Inc Earnings Call
Why Qorvo (QRVO) Stock Is Nosediving
StockNews.com Downgrades Qorvo (NASDAQ:QRVO) to Hold
Cumulus: Q1 Earnings Snapshot
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Today
5/20/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
3/31/2025

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 Target
$110.83
High Stock Price Target
$135.00
Low Stock Price Target
$78.00
Potential Upside/Downside
+12.3%
Consensus Rating
Hold
Rating Score (0-4)
2.28
Research Coverage
18 Analysts

Profitability

Net Income
$-70,320,000.00
Pretax Margin
1.95%

Debt

Sales & Book Value

Annual Sales
$3.77 billion
Cash Flow
$8.76 per share
Book Value
$36.83 per share

Miscellaneous

Free Float
96,133,000
Market Cap
$9.53 billion
Optionable
Optionable
Beta
1.53

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QRVO Stock Analysis - Frequently Asked Questions

Should I buy or sell Qorvo stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 2 sell ratings, 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

18 analysts have issued 12 month price objectives for Qorvo's stock. Their QRVO share price targets range from $78.00 to $135.00. On average, they predict the company's share price to reach $110.83 in the next twelve months. This suggests a possible upside of 12.3% 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 2024?

Qorvo's stock was trading at $112.61 at the start of the year. Since then, QRVO shares have decreased by 12.4% and is now trading at $98.68.
View the best growth stocks for 2024 here
.

When is Qorvo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our QRVO earnings forecast
.

How were Qorvo's earnings last quarter?

Qorvo, Inc. (NASDAQ:QRVO) posted its quarterly earnings data on Wednesday, May, 1st. The semiconductor company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.18. The semiconductor company earned $941 million during the quarter, compared to analysts' expectations of $927.24 million. Qorvo had a negative net margin of 1.86% and a positive trailing twelve-month return on equity of 13.43%. Qorvo's revenue was up 48.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS.
Read the conference call transcript
.

How will Qorvo's stock buyback program work?

Qorvo announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 2nd 2022, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 22.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

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

Qorvo issued an update on its first quarter 2025 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of 0.600-0.800 for the period, compared to the consensus EPS 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.

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).

Who are Qorvo's major shareholders?

Qorvo's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.10%), Capital Research Global Investors (4.76%), Van ECK Associates Corp (0.64%), Assenagon Asset Management S.A. (0.58%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (0.44%) and BNP Paribas Financial Markets (0.42%). 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, Paul J Fego, Philip Chesley, Robert A Bruggeworth, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston and Walden C Rhines.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NASDAQ:QRVO) was last updated on 5/21/2024 by MarketBeat.com Staff

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