Qorvo - QRVO Stock Forecast, Price & News

21 Wall Street 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 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 twelve-month target prices for Qorvo's stock. Their QRVO share price forecasts range from $80.00 to $180.00. On average, they anticipate the company's stock price to reach $107.87 in the next twelve months. This suggests that the stock has a possible downside of 4.1%.
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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 24.1% and is now trading at $112.51.
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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) issued its quarterly earnings data on Wednesday, November, 2nd. The semiconductor company reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.07. The semiconductor company earned $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Qorvo had a trailing twelve-month return on equity of 24.47% and a net margin of 15.34%. The firm's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.22 earnings per share.
Read the conference call transcript.

Qorvo declared that its board has approved a stock buyback program on Wednesday, November 2nd 2022, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 22.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Qorvo issued an update on its third quarter 2023 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (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 a variety of institutional and retail investors. Top institutional investors 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 Oregon Public Employees Retirement Fund (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 $112.51.

Qorvo (NASDAQ:QRVO) has a market capitalization of $11.41 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.