Qorvo - QRVO Stock Forecast, Price & News

Qorvo, Inc. develops and commercializes technologies and products for wireless, wired, and power markets worldwide. The company operates through two segments, Mobile Products, and Infrastructure and Defense Products. It offers mobile devices, such as smartphones, wearables, laptops, tablets and other devices; radio frequency power management integrated circuits, ultra-wideband (UWB) system-on-a-chip (SoC) and system-in-package (SiP) solutions, MEMS-based sensors, antenna tuners, and antennaplexers, as well as discrete multiplexers, duplexers, filters, and switches; and cellular base stations include switch-low noise amplifier (LNA) modules, variable gain amplifiers, integrated power amplifier (PA) Doherty modules, discrete LNAs, and high power GaN amplifiers. The company's also provides SiC products, such as Schottky diodes and transistors for automotive, industrial, IT infrastructure and renewable energy markets; SoC hardware, firmware, and application software for smart home applications; power management solutions include programmable power management integrated circuits (ICs) and power application controllers; RF products and compound semiconductor foundry services to defense primes and other global defense and aerospace customers; RF connectivity and UWB SoC solutions for automotive connectivity; and Wi-Fi products, such as PAs, switches, LNAs and bulk acoustic wave filters, as well as integrated solutions including front end modules (FEMs) and integrated FEMs. It sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. The company was founded in 1957 and is headquartered in Greensboro, North Carolina.

Wall Street Analyst Weigh In

Several brokerages recently commented on QRVO. Susquehanna Bancshares decreased their price target on Qorvo to $115.00 in a research note on Monday, July 25th. JPMorgan Chase & Co. decreased their price target on Qorvo from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, August 4th. Cowen decreased their price target on Qorvo from $108.00 to $100.00 and set a "market perform" rating on the stock in a research note on Thursday, August 4th. Wells Fargo & Company reduced their price objective on Qorvo from $175.00 to $130.00 and set an "overweight" rating on the stock in a research note on Monday, July 11th. Finally, Rosenblatt Securities reduced their price objective on Qorvo from $135.00 to $110.00 and set a "neutral" rating on the stock in a research note on Thursday, August 4th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $132.55.

Qorvo Trading Down 1.9 %

Shares of QRVO opened at $108.92 on Tuesday. The stock's fifty day simple moving average is $100.98 and its 200-day simple moving average is $113.90. The firm has a market capitalization of $11.24 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 2.44 and a beta of 1.35. The company has a quick ratio of 2.12, a current ratio of 3.30 and a debt-to-equity ratio of 0.48. Qorvo has a 12-month low of $90.16 and a 12-month high of $192.92.

Insider Activity at Qorvo

In related news, Director Jeffery R. Gardner sold 5,000 shares of the company's stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $108.68, for a total value of $543,400.00. Following the completion of the sale, the director now owns 32,793 shares in the company, valued at $3,563,943.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Jeffery R. Gardner sold 5,000 shares of the company's stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $108.68, for a total value of $543,400.00. Following the completion of the sale, the director now owns 32,793 shares in the company, valued at $3,563,943.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffery R. Gardner sold 1,000 shares of the company's stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $110.57, for a total value of $110,570.00. Following the completion of the sale, the director now owns 31,793 shares of the company's stock, valued at approximately $3,515,352.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,164 shares of company stock worth $1,438,887. 0.45% of the stock is owned by insiders.