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NASDAQ:QRVOQorvo Stock Price, Forecast & News

$129.40
-0.07 (-0.05 %)
(As of 08/11/2020 02:14 PM ET)
Add
Compare
Today's Range
$128.11
Now: $129.40
$130.54
50-Day Range
$107.37
MA: $116.55
$135.23
52-Week Range
$67.54
Now: $129.40
$136.06
Volume581,517 shs
Average Volume1.64 million shs
Market Capitalization$14.78 billion
P/E Ratio38.98
Dividend YieldN/A
Beta1.48
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. This segment supplies its solutions for use in mobile devices, including smartphones, notebook computers, wearables, tablets, and cellular-based applications for the Internet of Things (IoT). The IDP segment supplies RF solutions for communications and defense applications, such as high performance defense systems comprising radar, electronic warfare and communication systems, Wi-Fi customer premises equipment for home and work, high speed connectivity in long-term evolution and 5G base stations, cloud connectivity via data center communications and telecom transport, and automotive connectivity and other IoT, including smart home solutions. This segment provides gallium arsenide, gallium nitride power amplifiers, LNAs, switches, complementary metal oxide semiconductor system-on-a-chip solutions, premium BAW and SAW filter solutions, and various multichip and hybrid assemblies. The company sells its products directly to customers, as well as through a network of domestic and foreign sales representative firms and distributors to original equipment manufacturers and original design manufacturers. Qorvo, Inc. was founded in 1991 and is headquartered in Greensboro, North Carolina.
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Qorvo logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.38 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.24 billion
Cash Flow$9.83 per share
Book Value$37.11 per share

Profitability

Net Income$334.33 million

Miscellaneous

Employees7,900
Market Cap$14.78 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$129.40
-0.07 (-0.05 %)
(As of 08/11/2020 02:14 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Qorvo (NASDAQ:QRVO) Frequently Asked Questions

How has Qorvo's stock price been impacted by Coronavirus?

Qorvo's stock was trading at $89.42 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, QRVO stock has increased by 44.9% and is now trading at $129.60.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Qorvo?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 5 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Qorvo
.

When is Qorvo's next earnings date?

Qorvo is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Qorvo
.

How were Qorvo's earnings last quarter?

Qorvo Inc (NASDAQ:QRVO) issued its quarterly earnings results on Wednesday, July, 29th. The semiconductor company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.37. The semiconductor company earned $787.50 million during the quarter, compared to the consensus estimate of $729.91 million. Qorvo had a net margin of 12.05% and a return on equity of 16.10%. Qorvo's revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share.
View Qorvo's earnings history
.

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

Qorvo updated its second quarter earnings guidance on Wednesday, July, 29th. The company provided earnings per share (EPS) guidance of approx $1.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.43. The company issued revenue guidance of $925-955 million, compared to the consensus revenue estimate of $799.42 million.

What price target have analysts set for QRVO?

23 analysts have issued 1-year price objectives for Qorvo's stock. Their forecasts range from $80.00 to $160.00. On average, they anticipate Qorvo's stock price to reach $124.57 in the next twelve months. This suggests that the stock has a possible downside of 3.9%.
View analysts' price targets for Qorvo
.

Has Qorvo been receiving favorable news coverage?

News stories about QRVO stock have trended neutral this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Qorvo earned a news sentiment score of 0.2 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
View the latest news about Qorvo
.

Are investors shorting Qorvo?

Qorvo saw a decrease in short interest in January. As of January 31st, there was short interest totaling 4,090,000 shares, a decrease of 16.7% from the January 15th total of 4,910,000 shares. Based on an average trading volume of 1,730,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.6% of the company's stock are short sold.
View Qorvo's Short Interest
.

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), Micron Technology (MU), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Intel (INTC), Alibaba Group (BABA), salesforce.com (CRM), Cisco Systems (CSCO) and Broadcom (AVGO).

Who are Qorvo's key executives?

Qorvo's management team includes the following 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)

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 variety of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (0.73%), Sumitomo Mitsui Trust Holdings Inc. (0.53%), Robecosam AG (0.51%), Thornburg Investment Management Inc. (0.51%), ANTIPODES PARTNERS Ltd (0.41%) and Swiss National Bank (0.40%). 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, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Susan Louise Spradley and Walter H Wilkinson.
View institutional ownership trends for Qorvo
.

Which major investors are selling Qorvo stock?

QRVO stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Assenagon Asset Management S.A., Thornburg Investment Management Inc., Fisher Asset Management LLC, Mackay Shields LLC, MERIAN GLOBAL INVESTORS UK Ltd, Sumitomo Mitsui Trust Holdings Inc., and ANTIPODES PARTNERS Ltd. 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, Paul J Fego, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Susan Louise Spradley, and Walter H Wilkinson.
View insider buying and selling activity for Qorvo
.

Which major investors are buying Qorvo stock?

QRVO stock was acquired by a variety of institutional investors in the last quarter, including Robecosam AG, First Trust Advisors LP, UBS Group AG, Rafferty Asset Management LLC, Raymond James & Associates, Envestnet Asset Management Inc., Teza Capital Management LLC, and Prudential PLC.
View insider buying and selling activity 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 $129.60.

How big of a company is Qorvo?

Qorvo has a market capitalization of $14.81 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.

What is Qorvo's official website?

The official website for Qorvo is 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]

This page was last updated on 8/11/2020 by MarketBeat.com Staff

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