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NASDAQ:QRVOQorvo Stock Price, Forecast & News

$103.22
+1.68 (+1.65 %)
(As of 05/26/2020 04:00 PM ET)
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Compare
Today's Range
$102.93
Now: $103.22
$104.89
50-Day Range
$73.44
MA: $91.89
$103.33
52-Week Range
$58.52
Now: $103.22
$122.37
Volume104,355 shs
Average Volume1.82 million shs
Market Capitalization$11.94 billion
P/E Ratio36.60
Dividend YieldN/A
Beta1.42
Qorvo, Inc. provides radio frequency (RF) solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) segments. The MP segment offers cellular RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, power amplifiers (PAs), low noise amplifiers (LNAs), switches, multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers. This segment supplies its solutions for use in mobile devices, including smartphones, notebook computers, wearables, tablets, and cellular-based applications for the Internet of Things (IoT). The IDP segment supplies RF solutions for communications and defense applications, such as high performance defense systems comprising radar, electronic warfare and communication systems, Wi-Fi customer premises equipment for home and work, high speed connectivity in long-term evolution and 5G base stations, cloud connectivity via data center communications and telecom transport, and automotive connectivity and other IoT, including smart home solutions. This segment provides gallium arsenide, gallium nitride power amplifiers, LNAs, switches, complementary metal oxide semiconductor system-on-a-chip solutions, premium BAW and SAW filter solutions, and various multichip and hybrid assemblies. The company sells its products directly to customers, as well as through a network of domestic and foreign sales representative firms and distributors to original equipment manufacturers and original design manufacturers. Qorvo, Inc. was founded in 1991 and is headquartered in Greensboro, North Carolina.
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Qorvo logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.60 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:QRVO
CUSIPN/A
Phone336-664-1233

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.24 billion
Cash Flow$10.11 per share
Book Value$37.11 per share

Profitability

Net Income$334.33 million

Miscellaneous

Employees7,900
Market Cap$11.94 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Qorvo (NASDAQ:QRVO) Frequently Asked Questions

How has Qorvo's stock been impacted by COVID-19 (Coronavirus)?

Qorvo's stock was trading at $89.42 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, QRVO stock has increased by 15.4% and is now trading at $103.22. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Qorvo?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 7 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Qorvo.

When is Qorvo's next earnings date?

Qorvo is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Qorvo.

How were Qorvo's earnings last quarter?

Qorvo Inc (NASDAQ:QRVO) issued its quarterly earnings data on Thursday, May, 7th. The semiconductor company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.24. The semiconductor company had revenue of $787.80 million for the quarter, compared to analyst estimates of $769.38 million. Qorvo had a net margin of 10.32% and a return on equity of 15.74%. The business's revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $1.22 earnings per share. View Qorvo's earnings history.

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

Qorvo updated its first quarter 2021 After-Hours earnings guidance on Thursday, May, 7th. The company provided EPS guidance of 1.13-1.13 for the period, compared to the Thomson Reuters consensus estimate of $1.07. The company issued revenue guidance of $710-750 million, compared to the consensus revenue estimate of $707.82 million.

What price target have analysts set for QRVO?

22 brokerages have issued 1 year price targets for Qorvo's stock. Their forecasts range from $74.00 to $150.00. On average, they anticipate Qorvo's share price to reach $109.74 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. View analysts' price targets for Qorvo.

Has Qorvo been receiving favorable news coverage?

News stories about QRVO stock have been trending extremely negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Qorvo earned a news impact score of -5.0 on InfoTrie's scale. They also gave headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutQorvo.

Are investors shorting Qorvo?

Qorvo saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 3,600,000 shares, an increase of 22.0% from the April 15th total of 2,950,000 shares. Based on an average daily volume of 2,150,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 3.1% of the shares of the stock are short sold. View Qorvo's Current Options Chain.

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), Advanced Micro Devices (AMD), Alibaba Group (BABA), QUALCOMM (QCOM), Intel (INTC), Walt Disney (DIS), salesforce.com (CRM) and Netflix (NFLX).

Who are Qorvo's key executives?

Qorvo's management team includes the following people:
  • Mr. Robert A. Bruggeworth, Pres, CEO & Director (Age 58)
  • Mr. Mark J. Murphy, Chief Financial Officer (Age 51)
  • Ms. Gina B. Harrison, VP & Corp. Controller (Age 51)
  • Mr. James L. Klein, Corp. VP and Pres of Infrastructure & Defense Products (Age 54)
  • Mr. Steven E. Creviston, Corp. VP & Pres of Mobile Products (Age 55)

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 variety of institutional and retail investors. Top institutional investors include State Street Corp (4.40%), Capital Research Global Investors (4.14%), Baupost Group LLC MA (2.65%), AQR Capital Management LLC (2.43%), Geode Capital Management LLC (1.75%) and Iridian Asset Management LLC CT (1.00%). 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 Capital Research Global Investors, First Trust Advisors LP, Nuveen Asset Management LLC, WINTON GROUP Ltd, UBS Group AG, Morgan Stanley, Ensign Peak Advisors Inc, and APG Asset Management N.V.. 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, Paul J Fego, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Susan Louise Spradley, and Walter H Wilkinson. View insider buying and selling activity for Qorvo.

Which institutional investors are buying Qorvo stock?

QRVO stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, AQR Capital Management LLC, Iridian Asset Management LLC CT, JPMorgan Chase & Co., Baupost Group LLC MA, Wells Fargo & Company MN, Sumitomo Mitsui Trust Holdings Inc., and MERIAN GLOBAL INVESTORS UK Ltd. 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 $103.22.

How big of a company is Qorvo?

Qorvo has a market capitalization of $11.94 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 5/26/2020 by MarketBeat.com Staff

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