NASDAQ:QRVOQorvo Stock Price, Forecast & News

Qorvo's stock was trading at $89.42 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, QRVO shares have decreased by 7.1% and is now trading at $83.11. View which stocks have been most impacted by Coronavirus.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 6 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Qorvo.

Qorvo is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Qorvo.

Qorvo Inc (NASDAQ:QRVO) released its quarterly earnings results on Wednesday, January, 29th. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.46 by $0.40. The semiconductor company earned $869.10 million during the quarter, compared to analysts' expectations of $852.62 million. Qorvo had a return on equity of 14.97% and a net margin of 11.03%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 earnings per share. View Qorvo's earnings history.

Qorvo issued an update on its fourth quarter 2020 Pre-Market earnings guidance on Tuesday, March, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $770-770 million, compared to the consensus revenue estimate of $803.92 million.

19 brokerages have issued 1-year target prices for Qorvo's shares. Their forecasts range from $74.00 to $150.00. On average, they expect Qorvo's share price to reach $110.82 in the next year. This suggests a possible upside of 33.3% from the stock's current price. View analysts' price targets for Qorvo.

Headlines about QRVO stock have trended very negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Qorvo earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave news headlines about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutQorvo.

Qorvo saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,948,300 shares, a drop of 18.4% from the February 27th total of 4,840,000 shares. Based on an average daily trading volume, of 2,270,300 shares, the days-to-cover ratio is presently 1.7 days. Approximately 3.4% of the shares of the company are sold short. View Qorvo's Current Options Chain.

Some companies that are related to Qorvo include Analog Devices (ADI), TOKYO ELECTRON/ADR (TOELY), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), Xilinx (XLNX), STMicroelectronics (STM), Kyocera (KYOCY), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Semiconductor Manufacturing International (SMICY), Cypress Semiconductor (CY), ASE Technology (ASX) and Advantest (ATEYY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Qorvo investors own include Skyworks Solutions (SWKS), NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Intel (INTC), Walt Disney (DIS), salesforce.com (CRM) and Netflix (NFLX).

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

Qorvo's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Robecosam AG (0.09%), State of Alaska Department of Revenue (0.09%), F&V Capital Management LLC (0.07%), IFM Investors Pty Ltd (0.01%), Legacy Bridge LLC (0.01%) and Contravisory Investment Management Inc. (0.00%). 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, 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 Robecosam AG, Carroll Financial Associates Inc., Legacy Bridge LLC, and IFM Investors Pty 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, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Susan Louise Spradley, and Walter H Wilkinson. View insider buying and selling activity for Qorvo.

QRVO stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, F&V Capital Management LLC, IBM Retirement Fund, and Contravisory Investment Management Inc.. View insider buying and selling activity for 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.

One share of QRVO stock can currently be purchased for approximately $83.11.

Qorvo has a market capitalization of $9.61 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.

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

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]