NASDAQ:QRVOQorvo Stock Price, Forecast & News

Qorvo's stock was trading at $89.42 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, QRVO stock has increased by 25.9% and is now trading at $112.62. View which stocks have been most impacted by Coronavirus.

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 6 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Qorvo.

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

Qorvo Inc (NASDAQ:QRVO) announced its quarterly earnings data on Thursday, May, 7th. The semiconductor company reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.24. The semiconductor company had revenue of $787.80 million for the quarter, compared to analysts' expectations of $769.38 million. Qorvo had a net margin of 10.32% and a return on equity of 15.74%. Qorvo's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 EPS. View Qorvo's earnings history.

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

23 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 anticipate Qorvo's share price to reach $113.30 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price. View analysts' price targets for Qorvo.

News stories about QRVO stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Qorvo earned a daily sentiment score of 2.0 on InfoTrie's scale. They also assigned news stories about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news about Qorvo.

Qorvo saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 3,080,000 shares, a decrease of 14.9% from the May 31st total of 3,620,000 shares. Based on an average daily volume of 1,850,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.7% 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), TOKYO ELECTRON/ADR (TOELY), Infineon Technologies (IFNNY), NXP Semiconductors (NXPI), Semiconductor Manufacturing International (SMICY), STMicroelectronics (STM), Marvell Technology Group (MRVL), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Kyocera (KYOCY), Maxim Integrated Products (MXIM), Advantest (ATEYY), Monolithic Power Systems (MPWR) and ASE Technology (ASX). View all competitors.

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).

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

Qorvo's stock is owned by a number of institutional and retail investors. Top institutional investors include Robecosam AG (0.51%), MERIAN GLOBAL INVESTORS UK Ltd (0.17%), State of Alaska Department of Revenue (0.08%), Envestnet Asset Management Inc. (0.07%), DNB Asset Management AS (0.01%) and IFM Investors Pty Ltd (0.01%). 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.

QRVO stock was sold by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, State of Alaska Department of Revenue, Farmers & Merchants Trust Co of Chambersburg PA, IFM Investors Pty Ltd, Municipal Employees Retirement System of Michigan, NuWave Investment Management LLC, Diversified Trust Co, and Harel Insurance Investments & Financial Services Ltd.. 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.

QRVO stock was acquired by a variety of institutional investors in the last quarter, including Robecosam AG, Envestnet Asset Management Inc., Nelson Van Denburg & Campbell Wealth Management Group LLC, Fulton Bank N. A., Exane Derivatives, DNB Asset Management AS, and MorganRosel Wealth Management LLC. View insider buying and selling activity 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 $112.62.

Qorvo has a market capitalization of $12.89 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.

The official website for Qorvo is 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]