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Qorvo Stock Price, Forecast & Analysis (NASDAQ:QRVO)

$103.25
-0.50 (-0.48 %)
(As of 11/19/2019 08:56 AM ET)
Today's Range
$102.58
Now: $103.25
$104.14
50-Day Range
$71.24
MA: $85.48
$104.04
52-Week Range
$54.74
Now: $103.25
$104.88
Volume1.24 million shs
Average Volume2.15 million shs
Market Capitalization$11.99 billion
P/E Ratio19.67
Dividend YieldN/A
Beta1.11
Qorvo, Inc provides radio frequency (RF) solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) segments. The MP segment offers cellular RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, power amplifiers (PAs), low noise amplifiers (LNAs), switches, multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:QRVO
CUSIPN/A
Phone336-664-1233

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$10.79 per share
Book Value$35.51 per share

Profitability

Net Income$133.13 million

Miscellaneous

Employees8,100
Market Cap$11.99 billion
Next Earnings Date2/6/2020 (Estimated)
OptionableOptionable

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Qorvo (NASDAQ:QRVO) Frequently Asked Questions

What is Qorvo's stock symbol?

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

How were Qorvo's earnings last quarter?

Qorvo Inc (NASDAQ:QRVO) announced its quarterly earnings data on Thursday, October, 31st. The semiconductor company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.22. The semiconductor company earned $806.70 million during the quarter, compared to the consensus estimate of $754.67 million. Qorvo had a return on equity of 15.10% and a net margin of 8.19%. The business's revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.75 EPS. View Qorvo's Earnings History.

When is Qorvo's next earnings date?

Qorvo is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Qorvo.

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

Qorvo issued an update on its third quarter earnings guidance on Thursday, October, 31st. The company provided earnings per share (EPS) guidance of approx $1.67 for the period, compared to the Thomson Reuters consensus estimate of $1.35. The company issued revenue guidance of $840-860 million, compared to the consensus revenue estimate of $761.25 million.

What price target have analysts set for QRVO?

18 brokerages have issued 1 year price objectives for Qorvo's shares. Their forecasts range from $74.00 to $110.00. On average, they expect Qorvo's share price to reach $91.82 in the next year. This suggests that the stock has a possible downside of 11.1%. View Analyst Price Targets for Qorvo.

What is the consensus analysts' recommendation for Qorvo?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 1 sell rating, 8 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Qorvo.

Has Qorvo been receiving favorable news coverage?

Press coverage about QRVO stock has trended very negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Qorvo earned a media sentiment score of -3.9 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Qorvo.

Are investors shorting Qorvo?

Qorvo saw a decrease in short interest during the month of October. As of October 15th, there was short interest totalling 4,380,000 shares, a decrease of 8.2% from the September 15th total of 4,770,000 shares. Based on an average daily volume of 1,200,000 shares, the days-to-cover ratio is presently 3.7 days. Approximately 3.7% of the company's stock are sold short. View Qorvo's Current Options Chain.

Who are some of Qorvo's key competitors?

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), TriQuint Semiconductor (TQNT), Micron Technology (MU), Alibaba Group (BABA), QUALCOMM (QCOM), Starbucks (SBUX), Walt Disney (DIS), Intel (INTC) and Broadcom (AVGO).

Who are Qorvo's key executives?

Qorvo's management team includes the folowing people:
  • Mr. Robert A. Bruggeworth, Pres, CEO & Director (Age 58)
  • Mr. Mark J. Murphy, Chief Financial Officer (Age 51)
  • Ms. Gina B. Harrison, VP & Corp. Controller (Age 51)
  • Mr. James L. Klein, Corp. VP and Pres of Infrastructure & Defense Products (Age 54)
  • Mr. Steven E. Creviston, Corp. VP & Pres of Mobile Products (Age 55)

Who are Qorvo's major shareholders?

Qorvo's stock is owned by a number of of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.95%), Sumitomo Mitsui Trust Holdings Inc. (0.43%), Robecosam AG (0.32%), First Trust Advisors LP (0.28%), Russell Investments Group Ltd. (0.26%) and California Public Employees Retirement System (0.22%). Company insiders that own Qorvo stock include Daniel A Dileo, David H Y Ho, Gina Harrison, James L Klein, John R Harding, Mark J Murphy, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston and Walter H Wilkinson. View Institutional Ownership Trends for Qorvo.

Which institutional investors are selling Qorvo stock?

QRVO stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Mackay Shields LLC, Signition LP, Fisher Asset Management LLC, Clear Harbor Asset Management LLC, ARGA Investment Management LP, DNB Asset Management AS and State of Tennessee Treasury Department. Company insiders that have sold Qorvo company stock in the last year include David H Y Ho, Gina Harrison, James L Klein, John R Harding, Mark J Murphy, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston and Walter H Wilkinson. View Insider Buying and Selling for Qorvo.

Which institutional investors are buying Qorvo stock?

QRVO stock was bought by a variety of institutional investors in the last quarter, including Robecosam AG, Russell Investments Group Ltd., First Trust Advisors LP, Virginia Retirement Systems ET AL, State of New Jersey Common Pension Fund D, Cambiar Investors LLC, California Public Employees Retirement System and Zurcher Kantonalbank Zurich Cantonalbank. View Insider Buying and Selling for Qorvo.

How do I buy shares of Qorvo?

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

What is Qorvo's stock price today?

One share of QRVO stock can currently be purchased for approximately $103.25.

How big of a company is Qorvo?

Qorvo has a market capitalization of $11.99 billion and generates $3.09 billion in revenue each year. The semiconductor company earns $133.13 million in net income (profit) each year or $5.25 on an earnings per share basis. Qorvo employs 8,100 workers across the globe.View Additional Information About Qorvo.

What is Qorvo's official website?

The official website for Qorvo is http://www.qorvo.com/.

How can I contact Qorvo?

Qorvo's mailing address is 7628 THORNDIKE ROAD, GREENSBORO NC, 27409. The semiconductor company can be reached via phone at 336-664-1233 or via email at [email protected]


MarketBeat Community Rating for Qorvo (NASDAQ QRVO)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  636 (Vote Outperform)
Underperform Votes:  483 (Vote Underperform)
Total Votes:  1,119
MarketBeat's community ratings are surveys of what our community members think about Qorvo and other stocks. Vote "Outperform" if you believe QRVO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe QRVO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/19/2019 by MarketBeat.com Staff

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