Qorvo 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 5 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Qorvo stock.
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Wall Street analysts have given Qorvo a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Qorvo wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Qorvo is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Qorvo.

Qorvo will be holding an earnings conference call on Wednesday, May 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Qorvo, Inc. (NASDAQ:QRVO) announced its earnings results on Wednesday, February, 3rd. The semiconductor company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.60. The semiconductor company earned $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Qorvo had a trailing twelve-month return on equity of 18.08% and a net margin of 12.71%. The company's revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 EPS.
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Qorvo's stock was trading at $89.42 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, QRVO shares have increased by 109.2% and is now trading at $187.05.
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Qorvo issued an update on its fourth quarter earnings guidance on Wednesday, February, 3rd. The company provided earnings per share (EPS) guidance of $2.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.31. The company issued revenue guidance of $1.025-1.055 billion, compared to the consensus revenue estimate of $945.55 million.

21 Wall Street analysts have issued 12-month price objectives for Qorvo's shares. Their forecasts range from $109.00 to $225.00. On average, they anticipate Qorvo's stock price to reach $183.10 in the next twelve months. This suggests that the stock has a possible downside of 2.1%.
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90 employees have rated Qorvo CEO Robert Bruggeworth on Glassdoor.com. Robert Bruggeworth has an approval rating of 72% among Qorvo's employees.

Some companies that are related to Qorvo include Tokyo Electron (TOELY), Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), Microchip Technology (MCHP), STMicroelectronics (STM), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Kyocera (KYOCY), United Microelectronics (UMC), Enphase Energy (ENPH), Advantest (ATEYY) and ON Semiconductor (ON).
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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.com (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 many different institutional and retail investors. Top institutional shareholders include New York State Teachers Retirement System (0.14%), Retirement Systems of Alabama (0.08%), State of Alaska Department of Revenue (0.07%), Chevy Chase Trust Holdings Inc. (0.07%), Oregon Public Employees Retirement Fund (0.06%) and F&V Capital Management LLC (0.06%). Company insiders that own Qorvo stock include David H Y Ho, Gina Harrison, James L Klein, John R Harding, Mark J Murphy, Paul J Fego, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Susan Louise Spradley and Walter H Wilkinson.
View institutional ownership trends for Qorvo.

QRVO stock was sold by a variety of institutional investors in the last quarter, including New York State Teachers Retirement System, State of Alaska Department of Revenue, Retirement Systems of Alabama, Chevy Chase Trust Holdings Inc., Sentry Investment Management LLC, Crossmark Global Holdings Inc., Pacer Advisors Inc., and Private Capital Group LLC. Company insiders that have sold Qorvo company stock in the last year include Gina Harrison, James L Klein, Mark J Murphy, Paul J Fego, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, and Walter H Wilkinson.
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QRVO stock was bought by a variety of institutional investors in the last quarter, including DnB Asset Management AS, BOKF NA, Everence Capital Management Inc., Fulton Breakefield Broenniman LLC, Private Advisor Group LLC, First Hawaiian Bank, Royal London Asset Management Ltd., and Covenant Asset Management LLC.
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Shares of QRVO 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 $187.05.

Qorvo has a market capitalization of $21.19 billion and generates $3.24 billion in revenue each year. The semiconductor company earns $334.33 million in net income (profit) each year or $5.71 on an earnings per share basis.

Qorvo employs 7,900 workers across the globe.

The following companies are subsidiares of Qorvo: Active-Semi International Inc., Amalfi Semiconductor Inc., Cavendish Kinetics, DecaWave, GreenPeak Technologies, 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 Japan YK, Qorvo Korea Ltd., Qorvo Malaysia Sdn Bhd, Qorvo Munich GmbH, Qorvo Netherlands B.V., Qorvo Netherlands Holding B.V., Qorvo Oregon Inc., Qorvo Shanghai Ltd., Qorvo Singapore Pte. Ltd., Qorvo Texas LLC, Qorvo UK Ltd., Qorvo US Inc., Qorvo Utrecht B.V., RF Micro Devices, RF Micro Devices Svenska AB, RFMD (UK) Limited, RFMD Infrastructure Product Group Inc., RFMD LLC, TriQuint Semiconductor, TriQuint WJ Inc., WJ Newco LLC, and Xemod Incorporated.

Qorvo was founded in 2015.

The official website for Qorvo is www.qorvo.com.

Qorvo is headquartered at 7628 THORNDIKE ROAD, GREENSBORO NC, 27409.

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]