Qorvo Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last twelve months. There are currently 4 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Qorvo stock.
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Wall Street analysts have given Qorvo a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Qorvo wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Qorvo saw a increase in short interest during the month of May. As of May 14th, there was short interest totaling 2,550,000 shares, an increase of 37.8% from the April 29th total of 1,850,000 shares. Based on an average daily volume of 1,190,000 shares, the short-interest ratio is currently 2.1 days. Approximately 2.3% of the company's shares are sold short.
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Qorvo is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Qorvo.

Qorvo, Inc. (NASDAQ:QRVO) released its quarterly earnings data on Wednesday, May, 5th. The semiconductor company reported $2.74 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.23 by $0.51. The semiconductor company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. Qorvo had a trailing twelve-month return on equity of 23.45% and a net margin of 18.27%.
View Qorvo's earnings history.

Qorvo's stock was trading at $89.42 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, QRVO shares have increased by 97.1% and is now trading at $176.23.
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Qorvo issued an update on its first quarter 2022 earnings guidance on Wednesday, May, 26th. The company provided earnings per share guidance of 2.450-2.450 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.160. The company issued revenue guidance of $1.07 billion-$1.10 billion, compared to the consensus revenue estimate of $1 billion.

19 brokerages have issued 12-month price objectives for Qorvo's stock. Their forecasts range from $133.00 to $245.00. On average, they anticipate Qorvo's share price to reach $199.00 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
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90 employees have rated Qorvo CEO Robert Bruggeworth on Glassdoor.com. Robert Bruggeworth has an approval rating of 72% among Qorvo's employees.

Some companies that are related to Qorvo include Tokyo Electron (TOELY), Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), Microchip Technology (MCHP), Marvell Technology (MRVL), STMicroelectronics (STM), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Enphase Energy (ENPH), Kyocera (KYOCY), United Microelectronics (UMC), ASE Technology (ASX) and Monolithic Power Systems (MPWR).
View all of QRVO's competitors.

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.com (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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.39%), Baupost Group LLC MA (4.61%), Vulcan Value Partners LLC (3.86%), Boston Partners (3.22%), Geode Capital Management LLC (1.83%) and Robeco Schweiz AG (1.38%). 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, 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 Janus Henderson Group PLC, JPMorgan Chase & Co., Boston Partners, AQR Capital Management LLC, AO Asset Management LP, Mirae Asset Global Investments Co. Ltd., Vulcan Value Partners LLC, and Canada Pension Plan Investment Board. Company insiders that have sold Qorvo company stock in the last year include Gina Harrison, James L Klein, Mark J Murphy, Robert A Bruggeworth, Steven E Creviston, and Walter H Wilkinson.
View insider buying and selling activity for Qorvo or view top insider-selling stocks.

QRVO stock was bought by a variety of institutional investors in the last quarter, including Robeco Schweiz AG, Baupost Group LLC MA, Select Equity Group L.P., BlackRock Inc., Ameriprise Financial Inc., Rafferty Asset Management LLC, Citigroup Inc., and BNP Paribas Arbitrage SA.
View insider buying and selling activity for Qorvo or or view top insider-buying stocks.

Shares of QRVO 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 $176.23.

Qorvo has a market capitalization of $19.84 billion and generates $4.02 billion in revenue each year. The semiconductor company earns $733.61 million in net income (profit) each year or $9.30 on an earnings per share basis.

Qorvo employs 8,400 workers across the globe.

The following companies are subsidiares of Qorvo: Active-Semi International Inc., Amalfi Semiconductor Inc., Cavendish Kinetics, DecaWave, GreenPeak Technologies, Premier Devices – A Sirenza Company, Qorvo Asia LLC, Qorvo Beijing Co. Ltd., Qorvo Belgium NV, Qorvo Biotechnologies LLC, Qorvo California Inc., Qorvo Costa Rica S.R.L., Qorvo Denmark ApS, Qorvo Dezhou Co. Ltd., Qorvo Europe Holding Company, Qorvo Finland Oy, Qorvo Germany GmbH, Qorvo Germany Holding GmbH, Qorvo Hong Kong Holding Pvt. Limited, Qorvo Hong Kong Limited, Qorvo International Holding Inc., Qorvo International Pte. Ltd., Qorvo International Services Inc., Qorvo Japan YK, Qorvo Korea Ltd., Qorvo Malaysia Sdn Bhd, Qorvo Munich GmbH, Qorvo Netherlands B.V., Qorvo Netherlands Holding B.V., Qorvo Oregon Inc., Qorvo Shanghai Ltd., Qorvo Singapore Pte. Ltd., Qorvo Texas LLC, Qorvo UK Ltd., Qorvo US Inc., Qorvo Utrecht B.V., RF Micro Devices, RF Micro Devices Svenska AB, RFMD (UK) Limited, RFMD Infrastructure Product Group Inc., RFMD LLC, TriQuint Semiconductor, TriQuint WJ Inc., WJ Newco LLC, and Xemod Incorporated.

Qorvo was founded in 2015.

The official website for Qorvo is www.qorvo.com.

Qorvo is headquartered at 7628 THORNDIKE ROAD, GREENSBORO NC, 27409.

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]