NASDAQ:QRVO - Qorvo Stock Price, Forecast & News

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

Qorvo Inc (NASDAQ:QRVO) posted its earnings results on Thursday, October, 31st. The semiconductor company reported $1.52 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.30 by $0.22. The semiconductor company had revenue of $806.70 million for the quarter, compared to analysts' expectations of $754.67 million. Qorvo had a net margin of 8.19% and a return on equity of 15.10%. The firm's revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 earnings per share. View Qorvo's Earnings History.

Qorvo is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Qorvo.

Qorvo will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Qorvo issued an update on its third quarter earnings guidance on Thursday, October, 31st. The company provided earnings per share (EPS) guidance of approx $1.67 for the period, compared to the Thomson Reuters consensus estimate of $1.35. The company issued revenue guidance of $840-860 million, compared to the consensus revenue estimate of $761.25 million.

18 Wall Street analysts have issued twelve-month price objectives for Qorvo's stock. Their forecasts range from $74.00 to $127.00. On average, they anticipate Qorvo's stock price to reach $98.00 in the next year. This suggests that the stock has a possible downside of 13.3%. View Analyst Price Targets for Qorvo.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 7 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Qorvo.

Press coverage about QRVO stock has been trending somewhat positive on Tuesday, InfoTrie reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Qorvo earned a coverage optimism score of 0.8 on InfoTrie's scale. They also assigned press coverage about the semiconductor company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the company's share price in the near term. View News Stories for Qorvo.

Qorvo saw a drop in short interest in January. As of January 15th, there was short interest totalling 3,400,000 shares, a drop of 15.8% from the December 31st total of 4,040,000 shares. Based on an average trading volume of 1,690,000 shares, the short-interest ratio is presently 2.0 days. Approximately 2.9% of the shares of the stock are sold short. View Qorvo's Current Options Chain.

Some companies that are related to Qorvo include Analog Devices (ADI), NXP Semiconductors (NXPI), TOKYO ELECTRON/ADR (TOELY), Infineon Technologies (IFNNY), STMicroelectronics (STM), Microchip Technology (MCHP), Xilinx (XLNX), Kyocera (KYOCY), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), ASE Technology (ASX), Advantest (ATEYY), Semiconductor Manufacturing International (SMICY) and ON Semiconductor (ON).

Based on aggregate information from My MarketBeat watchlists, some companies that other Qorvo investors own include Skyworks Solutions (SWKS), NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), QUALCOMM (QCOM), Advanced Micro Devices (AMD), TriQuint Semiconductor (TQNT), Walt Disney (DIS), Intel (INTC) and Starbucks (SBUX).

Qorvo's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include California Public Employees Retirement System (0.25%), New York State Teachers Retirement System (0.16%), Assenagon Asset Management S.A. (0.13%), State of Alaska Department of Revenue (0.08%), Zurcher Kantonalbank Zurich Cantonalbank (0.08%) and Arizona State Retirement System (0.08%). Company insiders that own Qorvo stock include Daniel A Dileo, David H Y Ho, Gina Harrison, James L Klein, John R Harding, Mark J Murphy, Ralph Quinsey, 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 PGGM Investments, DNB Asset Management AS, Meag Munich Ergo Kapitalanlagegesellschaft MBH, First Hawaiian Bank, Institute for Wealth Management LLC., F&V Capital Management LLC, Farmers & Merchants Trust Co of Chambersburg PA and IFM Investors Pty Ltd. Company insiders that have sold Qorvo company stock in the last year include David H Y Ho, Gina Harrison, James L Klein, John R Harding, Mark J Murphy, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Susan Louise Spradley and Walter H Wilkinson. View Insider Buying and Selling for Qorvo.

QRVO stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., United Services Automobile Association, California Public Employees Retirement System, Wakefield Asset Management LLLP, Three Peaks Capital Management LLC, Covenant Asset Management LLC, Deane Retirement Strategies Inc. and Zurcher Kantonalbank Zurich Cantonalbank. 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, Robinhood, Fidelity and Charles Schwab.

One share of QRVO stock can currently be purchased for approximately $113.03.

Qorvo has a market capitalization of $13.13 billion and generates $3.09 billion in revenue each year. The semiconductor company earns $133.13 million in net income (profit) each year or $5.25 on an earnings per share basis. Qorvo employs 8,100 workers across the globe.View Additional Information About Qorvo.

The official website for Qorvo is http://www.qorvo.com/.

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]