NASDAQ:QRVO - Qorvo Stock Price, Forecast & News

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

Qorvo Inc (NASDAQ:QRVO) announced its quarterly earnings data on Thursday, October, 31st. The semiconductor company reported $1.52 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.30 by $0.22. The semiconductor company had revenue of $806.70 million for the quarter, compared to the consensus estimate of $754.67 million. Qorvo had a return on equity of 15.10% and a net margin of 8.19%. Qorvo's quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.75 EPS. 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 EPS guidance of approx $1.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.35. The company issued revenue guidance of $840-860 million, compared to the consensus revenue estimate of $761.25 million.

18 brokerages have issued 1-year target prices 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 14.6%. 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.

Headlines about QRVO stock have been trending positive this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Qorvo earned a coverage optimism score of 3.0 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Qorvo.

Qorvo saw a drop in short interest in December. As of December 31st, there was short interest totalling 3,400,000 shares, a drop of 15.8% from the December 15th total of 4,040,000 shares. Based on an average trading volume of 1,700,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.9% of the shares of the stock are short sold. 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), Microchip Technology (MCHP), Xilinx (XLNX), Kyocera (KYOCY), STMicroelectronics (STM), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), ASE Technology (ASX), Advantest (ATEYY), ON Semiconductor (ON) and Semiconductor Manufacturing International (SMICY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Qorvo investors own include Skyworks Solutions (SWKS), NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), 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 retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.13%), State of Alaska Department of Revenue (0.08%), F&V Capital Management LLC (0.07%), United Services Automobile Association (0.05%), Three Peaks Capital Management LLC (0.02%) and PGGM Investments (0.02%). 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, F&V Capital Management LLC, Farmers & Merchants Trust Co of Chambersburg PA, IFM Investors Pty Ltd and Commerzbank Aktiengesellschaft FI. 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 bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., United Services Automobile Association, Three Peaks Capital Management LLC, Deane Retirement Strategies Inc., Polianta Ltd, Cerebellum GP LLC, Contravisory Investment Management Inc. and State of Alaska Department of Revenue. 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 $114.74.

Qorvo has a market capitalization of $13.33 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]