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 Wednesday, January, 29th. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.46 by $0.40. The semiconductor company earned $869.10 million during the quarter, compared to the consensus estimate of $852.62 million. Qorvo had a return on equity of 14.97% and a net margin of 11.03%. The firm's revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. View Qorvo's Earnings History.

Qorvo is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Qorvo.

Qorvo updated its fourth quarter earnings guidance on Wednesday, January, 29th. The company provided EPS guidance of $1.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.08. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $726.11 million.

20 Wall Street analysts have issued 12 month target prices for Qorvo's stock. Their forecasts range from $74.00 to $150.00. On average, they expect Qorvo's stock price to reach $113.94 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price. View Analyst Price Targets for Qorvo.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 7 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Qorvo.

Headlines about QRVO stock have been trending somewhat positive on Thursday, according to InfoTrie Sentiment. The research firm identifies positive and negative media 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 coverage optimism score of 2.0 on InfoTrie's scale. They also gave media coverage about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Qorvo.

Qorvo saw a increase in short interest in January. As of January 31st, there was short interest totalling 4,910,000 shares, an increase of 44.4% from the January 15th total of 3,400,000 shares. Based on an average daily trading volume, of 1,782,100 shares, the short-interest ratio is presently 2.8 days. Currently, 4.3% 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), STMicroelectronics (STM), Microchip Technology (MCHP), Kyocera (KYOCY), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), 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), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Walt Disney (DIS), TriQuint Semiconductor (TQNT), Intel (INTC) and Netflix (NFLX).

Qorvo's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (6.18%), State Street Corp (4.45%), Boston Partners (3.12%), Baupost Group LLC MA (2.38%), AQR Capital Management LLC (2.02%) and Geode Capital Management LLC (1.79%). 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 Baupost Group LLC MA, Capital Research Global Investors, Iridian Asset Management LLC CT, Panagora Asset Management Inc., UBS Asset Management Americas Inc., FMR LLC, Robecosam AG and Robecosam AG. 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 AQR Capital Management LLC, Renaissance Technologies LLC, ANTIPODES PARTNERS Ltd, Geode Capital Management LLC, Crawford Lake Capital Management LLC, Los Angeles Capital Management & Equity Research Inc., Russell Investments Group Ltd. and Bank of New York Mellon Corp. 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 $101.56.

Qorvo has a market capitalization of $11.75 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]