NASDAQ:QRVO - Qorvo Stock Price, Price Target & More

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

Qorvo Inc (NASDAQ:QRVO) issued its earnings results on Wednesday, May, 2nd. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.05 by $0.02. The semiconductor company earned $665.40 million during the quarter, compared to analysts' expectations of $655.67 million. Qorvo had a negative net margin of 1.35% and a positive return on equity of 12.50%. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. View Qorvo's Earnings History.

Qorvo is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Qorvo.

Qorvo updated its first quarter earnings guidance on Wednesday, May, 2nd. The company provided EPS guidance of $0.75 midpoint for the period, compared to the Thomson Reuters consensus EPS estimate of $1.04. The company issued revenue guidance of $645-665 million, compared to the consensus revenue estimate of $669.69 million.

23 analysts have issued 1 year price objectives for Qorvo's stock. Their predictions range from $70.00 to $96.00. On average, they expect Qorvo's stock price to reach $83.0526 in the next year. View Analyst Ratings for Qorvo.

Qorvo saw a decrease in short interest in May. As of May 31st, there was short interest totalling 6,844,988 shares, a decrease of 14.1% from the May 15th total of 7,971,394 shares. Based on an average daily trading volume, of 1,223,898 shares, the days-to-cover ratio is presently 5.6 days. Approximately 5.4% of the shares of the stock are sold short. View Qorvo's Current Options Chain.

Some companies that are related to Qorvo include NXP Semiconductors (NXPI), Analog Devices (ADI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), STMicroelectronics (STM), Kyocera (KYO), Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), IPG Photonics (IPGP), Marvell Technology Group (MRVL), ON Semiconductor (ON) and ASE INDL HLDG C/S (ASX).

News headlines about QRVO stock have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Qorvo earned a news sentiment score of 0.16 on Accern's scale. They also assigned media coverage about the semiconductor company an impact score of 46.75 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Qorvo's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.91%), Manning & Napier Group LLC (3.21%), Boston Partners (2.29%), Frontier Capital Management Co. LLC (1.54%), Pinnacle Associates Ltd. (1.24%) and Northern Trust Corp (1.20%). Company insiders that own Qorvo stock include C Scott Gibson, Daniel A Dileo, Gina Harrison, James L Klein, Jeffery R Gardner, John R Harding, Mark J Murphy, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Walden C Rhines 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 Lord Abbett & CO. LLC, Frontier Capital Management Co. LLC, Guggenheim Capital LLC, Pinnacle Associates Ltd., Swiss National Bank, UBS Group AG, Dimensional Fund Advisors LP and Fisher Asset Management LLC. Company insiders that have sold Qorvo company stock in the last year include Daniel A Dileo, Gina Harrison, James L Klein, Jeffery R Gardner, John R Harding, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston 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 Iridian Asset Management LLC CT, Manning & Napier Group LLC, Robecosam AG, JPMorgan Chase & Co., Carve CapitalAB, Summit Trail Advisors LLC, Mackay Shields LLC and BlackRock Inc.. Company insiders that have bought Qorvo stock in the last two years include Mark J Murphy and Walden C Rhines. 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, Scottrade, Fidelity and Charles Schwab.

One share of QRVO stock can currently be purchased for approximately $82.05.

Qorvo has a market capitalization of $10.56 billion and generates $2.97 billion in revenue each year. The semiconductor company earns $-40,280,000.00 in net income (profit) each year or $4.78 on an earnings per share basis. Qorvo employs 8,300 workers across the globe.

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]