NASDAQ:QRVO - Qorvo Stock Price, News, & Analysis

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

Qorvo Inc (NASDAQ:QRVO) posted its quarterly earnings results on Thursday, February, 7th. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.30. The semiconductor company had revenue of $832.20 million for the quarter, compared to analyst estimates of $819.21 million. Qorvo had a return on equity of 14.11% and a net margin of 1.92%. Qorvo's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.69 EPS. View Qorvo's Earnings History.

Qorvo is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Qorvo.

Qorvo issued an update on its fourth quarter earnings guidance on Thursday, February, 7th. The company provided earnings per share guidance of $1.05 for the period, compared to the Thomson Reuters consensus estimate of $1.33. The company issued revenue guidance of 660-680 million, compared to the consensus revenue estimate of $720.84 million.Qorvo also updated its Q4 2019 guidance to $1.05-1.05 EPS.

24 brokers have issued 1-year price targets for Qorvo's stock. Their forecasts range from $63.00 to $95.00. On average, they expect Qorvo's stock price to reach $75.25 in the next year. This suggests a possible upside of 11.0% from the stock's current price. View Analyst Price Targets for Qorvo.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 2 sell ratings, 13 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Qorvo.

Media coverage about QRVO stock has been trending somewhat positive on Saturday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. 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 media sentiment score of 1.7 on InfoTrie's scale. They also gave press 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 impact on the stock's share price in the near term.

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

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), Netflix (NFLX), Broadcom (AVGO), Intel (INTC), QUALCOMM (QCOM), Gilead Sciences (GILD) and Starbucks (SBUX).

Qorvo's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Baupost Group LLC MA (8.70%), BlackRock Inc. (7.13%), Boston Partners (2.94%), Oregon Public Employees Retirement Fund (2.93%), Manning & Napier Group LLC (2.45%) and Iridian Asset Management LLC CT (2.28%). Company insiders that own Qorvo stock 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 Institutional Ownership Trends for Qorvo.

QRVO stock was sold by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, State of Tennessee Treasury Department, Harris Associates L P, Baupost Group LLC MA, Millennium Management LLC, Robecosam AG, BlackRock Inc. and Candriam Luxembourg S.C.A.. Company insiders that have sold Qorvo company stock in the last year include Daniel A Dileo, Gina Harrison, James L Klein, 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 Oregon Public Employees Retirement Fund, Dimensional Fund Advisors LP, Canada Pension Plan Investment Board, Foresters Investment Management Company Inc., Fisher Asset Management LLC, Geode Capital Management LLC, Manning & Napier Group LLC and Assenagon Asset Management S.A.. 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 $67.80.

Qorvo has a market capitalization of $8.33 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.

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]