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S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
NASDAQ:QRVO

Qorvo - QRVO Stock Forecast, Price & News

$102.23
-4.20 (-3.95%)
(As of 08/9/2022 12:00 AM ET)
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Compare
Today's Range
$100.03
$105.23
50-Day Range
$92.47
$113.36
52-Week Range
$90.16
$194.43
Volume
2.11 million shs
Average Volume
1.42 million shs
Market Capitalization
$10.55 billion
P/E Ratio
13.83
Dividend Yield
N/A
Price Target
$132.55

Qorvo MarketRank™ Forecast

Analyst Rating
Hold
2.23 Rating Score
Upside/​Downside
29.7% Upside
$132.55 Price Target
Short Interest
Healthy
2.75% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
-0.08mentions of Qorvo in the last 14 days
Based on 48 Articles This Week
Insider Trading
Selling Shares
$2.06 M Sold Last Quarter
Proj. Earnings Growth
19.69%
From $9.65 to $11.55 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.91 out of 5 stars

Computer And Technology Sector

152nd out of 644 stocks

Semiconductors & Related Devices Industry

24th out of 99 stocks

QRVO stock logo

About Qorvo (NASDAQ:QRVO) Stock

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.

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QRVO Stock News Headlines

Qorvo (NASDAQ:QRVO) PT Lowered to $115.00 at Piper Sandler
UBS Group Trims Qorvo (NASDAQ:QRVO) Target Price to $120.00
Qorvo (NASDAQ:QRVO) PT Lowered to $100.00 at Cowen
Mizuho Trims Qorvo (NASDAQ:QRVO) Target Price to $105.00
Qorvo (NASDAQ:QRVO) Price Target Cut to $109.00
Piper Sandler Trims Qorvo (NASDAQ:QRVO) Target Price to $115.00
Recap: Qorvo Q1 Earnings - Benzinga
Qorvo stock rallies on earnings beat - MarketWatch
Qorvo (QRVO) Q1 Earnings and Revenues Beat Estimates
Qorvo Is Poised to Stage a Modest Recovery Rally - RealMoney
Qorvo FQ1 2023 Earnings Preview - Seeking Alpha
See More Headlines
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QRVO Company Calendar

Last Earnings
11/03/2021
Today
8/09/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:QRVO
Fax
N/A
Employees
8,900
Year Founded
2015

Price Target and Rating

Average Stock Price Forecast
$132.55
High Stock Price Forecast
$220.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
+29.7%
Consensus Rating
Hold
Rating Score (0-4)
2.23
Research Coverage
22 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
21.05%

Debt

Sales & Book Value

Annual Sales
$4.65 billion
Cash Flow
$14.82 per share
Book Value
$41.99 per share

Miscellaneous

Free Float
102,740,000
Market Cap
$10.55 billion
Optionable
Optionable
Beta
1.35

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QRVO Stock - Frequently Asked Questions

Should I buy or sell Qorvo stock right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last twelve months. There are currently 1 sell rating, 15 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" QRVO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in QRVO, but not buy additional shares or sell existing shares.
View QRVO analyst ratings
or view top-rated stocks.

What is Qorvo's stock price forecast for 2022?

22 Wall Street analysts have issued 1-year target prices for Qorvo's stock. Their QRVO share price forecasts range from $95.00 to $220.00. On average, they anticipate the company's stock price to reach $132.55 in the next year. This suggests a possible upside of 29.7% from the stock's current price.
View analysts price targets for QRVO
or view top-rated stocks among Wall Street analysts.

How has Qorvo's stock price performed in 2022?

Qorvo's stock was trading at $156.39 on January 1st, 2022. Since then, QRVO shares have decreased by 34.6% and is now trading at $102.23.
View the best growth stocks for 2022 here
.

When is Qorvo's next earnings date?

Qorvo is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our QRVO earnings forecast
.

How were Qorvo's earnings last quarter?

Qorvo, Inc. (NASDAQ:QRVO) issued its quarterly earnings data on Wednesday, November, 3rd. The semiconductor company reported $3.42 EPS for the quarter, topping the consensus estimate of $3.25 by $0.17. The semiconductor company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. Qorvo had a trailing twelve-month return on equity of 26.50% and a net margin of 17.87%. During the same period last year, the business earned $2.17 earnings per share.
Read the conference call transcript
.

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

Qorvo issued an update on its second quarter earnings guidance on Wednesday, August, 3rd. The company provided earnings per share (EPS) guidance of $2.45-2.65 for the period, compared to the consensus EPS estimate of $2.59. The company issued revenue guidance of $1.12-1.15 billion, compared to the consensus revenue estimate of $1.13 billion.

What is Robert Bruggeworth's approval rating as Qorvo's CEO?

90 employees have rated Qorvo Chief Executive Officer Robert Bruggeworth on Glassdoor.com. Robert Bruggeworth has an approval rating of 72% among the company's employees.

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), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Intel (INTC), Salesforce (CRM), Alibaba Group (BABA), Tesla (TSLA) and Cisco Systems (CSCO).

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 many different retail and institutional investors. Top institutional investors include Van ECK Associates Corp (0.55%), Swiss National Bank (0.46%), Pinnacle Associates Ltd. (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Thornburg Investment Management Inc. (0.29%) and Iridian Asset Management LLC CT (0.28%). Insiders that own company stock include David H Y Ho, Gina Harrison, James L Klein, James L Klein, Jeffery R Gardner, John R Harding, Mark J Murphy, Paul J Fego, Robert A Bruggeworth, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Susan Louise Spradley and Walter H Wilkinson.
View institutional ownership trends
.

How do I buy shares of Qorvo?

Shares of QRVO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Qorvo's stock price today?

One share of QRVO stock can currently be purchased for approximately $102.23.

How much money does Qorvo make?

Qorvo (NASDAQ:QRVO) has a market capitalization of $10.55 billion and generates $4.65 billion in revenue each year. The semiconductor company earns $1.03 billion in net income (profit) each year or $7.39 on an earnings per share basis.

How many employees does Qorvo have?

Qorvo employs 8,900 workers across the globe.

Does Qorvo have any subsidiaries?

The following companies are subsidiares of Qorvo: Active-Semi International Inc., Amalfi Semiconductor Inc., Cavendish Kinetics, DecaWave, GreenPeak Technologies, Premier Devices – A Sirenza Company, Qorvo Asia LLC, Qorvo Beijing Co. Ltd., Qorvo Belgium NV, Qorvo Biotechnologies LLC, Qorvo California Inc., Qorvo Costa Rica S.R.L., Qorvo Denmark ApS, Qorvo Dezhou Co. Ltd., Qorvo Europe Holding Company, Qorvo Finland Oy, Qorvo Germany GmbH, Qorvo Germany Holding GmbH, Qorvo Hong Kong Holding Pvt. Limited, Qorvo Hong Kong Limited, Qorvo International Holding Inc., Qorvo International Pte. Ltd., Qorvo International Services Inc., Qorvo Japan YK, Qorvo Korea Ltd., Qorvo Malaysia Sdn Bhd, Qorvo Munich GmbH, Qorvo Netherlands B.V., Qorvo Netherlands Holding B.V., Qorvo Oregon Inc., Qorvo Shanghai Ltd., Qorvo Singapore Pte. Ltd., Qorvo Texas LLC, Qorvo UK Ltd., Qorvo US Inc., Qorvo Utrecht B.V., RF Micro Devices, RF Micro Devices Svenska AB, RFMD (UK) Limited, RFMD Infrastructure Product Group Inc., RFMD LLC, TriQuint Semiconductor, TriQuint WJ Inc., WJ Newco LLC, and Xemod Incorporated.
Read More

When was Qorvo founded?

Qorvo was founded in 2015.

How can I contact Qorvo?

Qorvo's mailing address is 7628 THORNDIKE ROAD, GREENSBORO NC, 27409. The official website for the company is www.qorvo.com. The semiconductor company can be reached via phone at (336) 664-1233 or via email at investor-relations@qorvo.com.

This page (NASDAQ:QRVO) was last updated on 8/10/2022 by MarketBeat.com Staff

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