NASDAQ:QRVO - Qorvo Stock Price, Price Target & More

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

Qorvo Inc (NASDAQ:QRVO) posted its quarterly earnings results on Wednesday, May, 2nd. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.02. The semiconductor company had revenue of $665.40 million for the quarter, compared to the consensus estimate of $655.67 million. Qorvo had a positive return on equity of 12.50% and a negative net margin of 1.35%. The business's revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. View Qorvo's Earnings History.

Qorvo is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Qorvo.

Qorvo issued an update on its first quarter earnings guidance on Wednesday, May, 2nd. The company provided EPS guidance of $0.75 midpoint for the period, compared to the Thomson Reuters consensus EPS estimate of $1.04. The company issued revenue guidance of $645-665 million, compared to the consensus revenue estimate of $669.69 million.

23 brokerages have issued 12 month price objectives for Qorvo's stock. Their predictions range from $70.00 to $96.00. On average, they expect Qorvo's stock price to reach $82.3889 in the next twelve months. View Analyst Ratings for Qorvo.

Qorvo saw a decline in short interest during the month of May. As of May 31st, there was short interest totalling 6,844,988 shares, a decline of 14.1% from the May 15th total of 7,971,394 shares. Based on an average daily trading volume, of 1,223,898 shares, the short-interest ratio is currently 5.6 days. Approximately 5.4% of the company's stock are short sold. View Qorvo's Current Options Chain.

Some companies that are related to Qorvo include NXP Semiconductors (NXPI), Analog Devices (ADI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), STMicroelectronics (STM), Kyocera (KYO), Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), IPG Photonics (IPGP), Marvell Technology Group (MRVL), ON Semiconductor (ON) and ASE INDL HLDG C/S (ASX).

News articles about QRVO stock have been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Qorvo earned a news sentiment score of 0.06 on Accern's scale. They also gave press coverage about the semiconductor company an impact score of 45.13 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Qorvo's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.91%), Manning & Napier Group LLC (3.21%), Boston Partners (2.29%), Frontier Capital Management Co. LLC (1.54%), Pinnacle Associates Ltd. (1.24%) and Northern Trust Corp (1.20%). Company insiders that own Qorvo stock include C Scott Gibson, Daniel A Dileo, Gina Harrison, James L Klein, Jeffery R Gardner, John R Harding, Mark J Murphy, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Walden C Rhines 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 Lord Abbett & CO. LLC, Frontier Capital Management Co. LLC, Guggenheim Capital LLC, Pinnacle Associates Ltd., Swiss National Bank, UBS Group AG, Dimensional Fund Advisors LP and Fisher Asset Management LLC. Company insiders that have sold Qorvo company stock in the last year include Daniel A Dileo, Gina Harrison, James L Klein, Jeffery R Gardner, John R Harding, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston and Walter H Wilkinson. View Insider Buying and Selling for Qorvo.

QRVO stock was acquired by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, Manning & Napier Group LLC, Robecosam AG, JPMorgan Chase & Co., Carve CapitalAB, Summit Trail Advisors LLC, Mackay Shields LLC and BlackRock Inc.. Company insiders that have bought Qorvo stock in the last two years include Mark J Murphy and Walden C Rhines. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of QRVO stock can currently be purchased for approximately $82.23.

Qorvo has a market capitalization of $10.56 billion and generates $2.97 billion in revenue each year. The semiconductor company earns $-40,280,000.00 in net income (profit) each year or $4.78 on an earnings per share basis. Qorvo employs 8,300 workers across the globe.

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]