Qorvo - QRVO Stock Forecast, Price & News

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last twelve months. There are currently 2 sell ratings, 14 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" QRVO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in QRVO, but not buy additional shares or sell existing shares.
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21 Wall Street analysts have issued 1-year price objectives for Qorvo's shares. Their QRVO share price forecasts range from $80.00 to $180.00. On average, they anticipate the company's share price to reach $107.87 in the next year. This suggests that the stock has a possible downside of 2.7%.
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Qorvo's stock was trading at $90.64 at the start of the year. Since then, QRVO shares have increased by 22.3% and is now trading at $110.82.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our QRVO earnings forecast.

Qorvo will be holding an earnings conference call on Wednesday, February 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13734866".

Qorvo, Inc. (NASDAQ:QRVO) posted its earnings results on Wednesday, November, 2nd. The semiconductor company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.07. The semiconductor company earned $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. Qorvo had a net margin of 15.34% and a trailing twelve-month return on equity of 24.47%. Qorvo's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.22 EPS.
Read the conference call transcript.

Qorvo announced that its board has approved a share buyback program on Wednesday, November 2nd 2022, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 22.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Qorvo updated its third quarter 2023 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $0.50-$0.75 for the period, compared to the consensus earnings per share estimate of $1.69. The company issued revenue guidance of $700.00 million-$750.00 million, compared to the consensus revenue estimate of $989.01 million.

90 employees have rated Qorvo Chief Executive Officer Robert Bruggeworth on Glassdoor.com. Robert Bruggeworth has an approval rating of 72% among the company's employees.

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 (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 Pinnacle Associates Ltd. (0.42%), Assenagon Asset Management S.A. (0.17%), Calamos Advisors LLC (0.10%), Artemis Investment Management LLP (0.10%), Bank Julius Baer & Co. Ltd Zurich (0.06%) and State of Alaska Department of Revenue (0.04%). Insiders that own company stock include Frank P Stewart, Gina Harrison, James L Klein, James L Klein, Jeffery R Gardner, John R Harding, Mark J Murphy, Paul J Fego, Robert A Bruggeworth, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston and Walter H Wilkinson.
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Shares of QRVO stock 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 $110.82.

Qorvo (NASDAQ:QRVO) has a market capitalization of $11.24 billion and generates $4.65 billion in revenue each year. The semiconductor company earns $1.03 billion in net income (profit) each year or $6.37 on an earnings per share basis.

The company employs 8,900 workers across the globe.

Qorvo's mailing address is 7628 THORNDIKE ROAD, GREENSBORO NC, 27409. The official website for the company is www.qorvo.com. The semiconductor company can be reached via phone at (336) 664-1233 or via email at investor-relations@qorvo.com.