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NASDAQ:QRVO

Qorvo Stock Forecast, Price & News

$150.11
+1.87 (+1.26 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$148.86
Now: $150.11
$151.06
50-Day Range
$124.96
MA: $139.68
$151.75
52-Week Range
$67.54
Now: $150.11
$154.43
Volume756,265 shs
Average Volume1.60 million shs
Market Capitalization$17.12 billion
P/E Ratio45.21
Dividend YieldN/A
Beta1.36
Qorvo, Inc. develops and commercializes technologies and products for wireless and wired connectivity worldwide. The company operates in two segments, Mobile Products, and Infrastructure and Defense Products. The company offers integrated modules incorporating switches, power amplifiers, filters and duplexers, antenna tuners, RF power management integrated circuits, multimode/multi-band PAs and transmit modules, antenna-plexers, discrete filters and duplexers, discrete switches, and UWB system solutions, as well as envelope tracking power management solutions, antenna control solutions, and UWB system solutions supporting secure, low power, location, and communication services. It also provides integrated solutions that include switch-LNA modules, variable gain amplifiers, and integrated PA Doherty modules for massive multiple-input/multiple-output systems; RF products and compound semiconductor foundry services to defense primes and other global defense and aerospace customers; Wi-Fi customer premises equipment, including power amplifiers, switches, low noise amplifiers, and bulk acoustic wave filters; system-on-a-chip hardware, firmware, and application software for smart home applications; automotive RF connectivity products and metal oxide semiconductor based UWB chip and module system solutions; and power application controllers and programmable analog power ICs. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.77 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
Current SymbolNASDAQ:QRVO
CUSIPN/A
Phone336-664-1233
Employees7,900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.24 billion
Cash Flow$11.09 per share
Book Value$37.11 per share

Profitability

Net Income$334.33 million

Miscellaneous

Market Cap$17.12 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$150.11
+1.87 (+1.26 %)
(As of 11/27/2020 12:00 AM 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 COVID-19?

Qorvo's stock was trading at $89.42 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, QRVO shares have increased by 67.9% and is now trading at $150.11.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Qorvo?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 4 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Qorvo
.

What stocks does MarketBeat like better than Qorvo?

Wall Street analysts have given Qorvo a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Qorvo wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Qorvo's next earnings date?

Qorvo is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Qorvo
.

How were Qorvo's earnings last quarter?

Qorvo, Inc. (NASDAQ:QRVO) issued its quarterly earnings data on Wednesday, November, 4th. The semiconductor company reported $2.43 EPS for the quarter, topping the Zacks' consensus estimate of $1.94 by $0.49. The semiconductor company earned $1.06 billion during the quarter, compared to analysts' expectations of $1.01 billion. Qorvo had a return on equity of 16.10% and a net margin of 12.05%. The business's revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the company earned $1.52 earnings per share.
View Qorvo's earnings history
.

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

Qorvo updated its third quarter earnings guidance on Wednesday, November, 4th. The company provided EPS guidance of $2.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.71. The company issued revenue guidance of $1.045-1.075 billion, compared to the consensus revenue estimate of $928.49 million.

What price target have analysts set for QRVO?

21 equities research analysts have issued 1 year price targets for Qorvo's shares. Their forecasts range from $109.00 to $200.00. On average, they anticipate Qorvo's stock price to reach $154.63 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
View analysts' price targets for Qorvo
.

Are investors shorting Qorvo?

Qorvo saw a decrease in short interest in October. As of October 30th, there was short interest totaling 2,210,000 shares, a decrease of 17.2% from the October 15th total of 2,670,000 shares. Based on an average trading volume of 1,200,000 shares, the short-interest ratio is presently 1.8 days. Currently, 2.0% of the company's shares are sold short.
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), salesforce.com (CRM), Alibaba Group (BABA), Tesla (TSLA) and Cisco Systems (CSCO).

Who are Qorvo's key executives?

Qorvo's management team includes the following people:
  • Mr. Robert A. Bruggeworth, Pres, CEO & Director (Age 59, Pay $1.39M)
  • Mr. Mark J. Murphy, Chief Financial Officer (Age 52, Pay $723.25k)
  • Mr. Paul J. Fego, Corp. VP of Global Operations (Age 62, Pay $640k)
  • Mr. James L. Klein, Corp. VP and Pres of Infrastructure & Defense Products (Age 55, Pay $648.97k)
  • Mr. Steven E. Creviston, Corp. VP & Pres of Mobile Products (Age 56, Pay $709.27k)
  • Mr. Douglas DeLieto, VP of Investor Relations
  • Mr. Jason K. Givens, Corp. VP, Gen. Counsel & Corp. Sec.
  • Mr. Brent Dietz, Director of Corp. Communications
  • Ms. Brandi Frye, Corp. VP of Marketing
  • Ms. Debra Howard, Chief HR Officer & Corp. VP

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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.89%), State Street Corp (4.40%), Boston Partners (3.74%), Baupost Group LLC MA (2.60%), AQR Capital Management LLC (1.28%) and Neuberger Berman Group LLC (1.26%). 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 institutional investors are selling Qorvo stock?

QRVO stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, AQR Capital Management LLC, Charles Schwab Investment Management Inc., Arrowstreet Capital Limited Partnership, Neuberger Berman Group LLC, Robecosam AG, Baupost Group LLC MA, and State Street Corp. Company insiders that have sold Qorvo company stock in the last year include Gina Harrison, James L Klein, Mark J Murphy, Paul J Fego, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, and Walter H Wilkinson.
View insider buying and selling activity for Qorvo
.

Which institutional investors are buying Qorvo stock?

QRVO stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Point72 Asset Management L.P., Great West Life Assurance Co. Can, Wells Fargo & Company MN, UBS Asset Management Americas Inc., AXA S.A., Polar Asset Management Partners Inc., and Standard Life Aberdeen 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 $150.11.

How big of a company is Qorvo?

Qorvo has a market capitalization of $17.12 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 11/28/2020 by MarketBeat.com Staff

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