Qorvo - QRVO Stock Forecast, Price & News

Qorvo, Inc. develops and commercializes technologies and products for wireless, wired, and power markets worldwide. The company operates through two segments, Mobile Products, and Infrastructure and Defense Products. It offers mobile devices, such as smartphones, wearables, laptops, tablets and other devices; radio frequency power management integrated circuits, ultra-wideband (UWB) system-on-a-chip (SoC) and system-in-package (SiP) solutions, MEMS-based sensors, antenna tuners, and antennaplexers, as well as discrete multiplexers, duplexers, filters, and switches; and cellular base stations include switch-low noise amplifier (LNA) modules, variable gain amplifiers, integrated power amplifier (PA) Doherty modules, discrete LNAs, and high power GaN amplifiers. The company's also provides SiC products, such as Schottky diodes and transistors for automotive, industrial, IT infrastructure and renewable energy markets; SoC hardware, firmware, and application software for smart home applications; power management solutions include programmable power management integrated circuits (ICs) and power application controllers; RF products and compound semiconductor foundry services to defense primes and other global defense and aerospace customers; RF connectivity and UWB SoC solutions for automotive connectivity; and Wi-Fi products, such as PAs, switches, LNAs and bulk acoustic wave filters, as well as integrated solutions including front end modules (FEMs) and integrated FEMs. It sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. The company was founded in 1957 and is headquartered in Greensboro, North Carolina.

Qorvo Stock Performance

Shares of QRVO Stock traded down $4.20 during midday trading on Tuesday, hitting $102.23. 2,112,747 shares of the company were exchanged, compared to its average volume of 1,419,921. The firm has a market capitalization of $10.55 billion, a P/E ratio of 13.83, a PEG ratio of 1.70 and a beta of 1.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.12 and a current ratio of 3.30. The firm's 50 day moving average price is $101.06 and its two-hundred day moving average price is $114.67. Qorvo has a 52 week low of $90.16 and a 52 week high of $194.43.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barclays dropped their price objective on shares of Qorvo from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, July 25th. StockNews.com lowered shares of Qorvo from a "buy" rating to a "hold" rating in a research note on Tuesday, June 28th. Craig Hallum lowered their price target on shares of Qorvo from $225.00 to $180.00 in a research note on Thursday, May 5th. Morgan Stanley lowered their price target on shares of Qorvo from $120.00 to $109.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 4th. Finally, UBS Group lowered their price target on shares of Qorvo from $135.00 to $120.00 and set a "neutral" rating on the stock in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Qorvo has a consensus rating of "Hold" and a consensus price target of $132.55.

Insider Buying and Selling

In related news, Director Roderick Nelson sold 4,761 shares of Qorvo stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $104.45, for a total transaction of $497,286.45. Following the completion of the sale, the director now owns 5,595 shares of the company's stock, valued at approximately $584,397.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Qorvo news, Director Roderick Nelson sold 4,761 shares of the business's stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $104.45, for a total value of $497,286.45. Following the completion of the sale, the director now owns 5,595 shares of the company's stock, valued at approximately $584,397.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul J. Fego sold 1,145 shares of the business's stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $104.45, for a total transaction of $119,595.25. Following the completion of the sale, the vice president now directly owns 37,190 shares of the company's stock, valued at approximately $3,884,495.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,070 shares of company stock valued at $2,055,769. Company insiders own 0.45% of the company's stock.