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 results on Thursday, October, 31st. The semiconductor company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.22. The semiconductor company earned $806.70 million during the quarter, compared to analysts' expectations of $754.67 million. Qorvo had a return on equity of 15.10% and a net margin of 8.19%. Qorvo's quarterly revenue was down 8.8% on a year-over-year basis. During the same period last year, the business earned $1.75 earnings per share. View Qorvo's Earnings History.

Qorvo is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Qorvo.

Qorvo will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Qorvo updated its third quarter earnings guidance on Thursday, October, 31st. The company provided earnings per share (EPS) guidance of approx $1.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.35. The company issued revenue guidance of $840-860 million, compared to the consensus revenue estimate of $761.25 million.

18 equities research analysts have issued 12 month price targets for Qorvo's stock. Their forecasts range from $74.00 to $127.00. On average, they anticipate Qorvo's stock price to reach $98.00 in the next year. This suggests that the stock has a possible downside of 10.9%. View Analyst Price Targets for Qorvo.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 7 hold ratings and 11 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 negative recently, InfoTrie Sentiment Analysis reports. InfoTrie 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 negative five to five, with scores nearest to five being the most favorable. Qorvo earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave media headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Qorvo.

Qorvo saw a decline in short interest in the month of January. As of January 15th, there was short interest totalling 3,400,000 shares, a decline of 15.8% from the December 31st total of 4,040,000 shares. Based on an average daily trading volume, of 1,690,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.9% of the shares of the company are sold short. View Qorvo's Current Options Chain.

Some companies that are related to Qorvo include Analog Devices (ADI), TOKYO ELECTRON/ADR (TOELY), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), STMicroelectronics (STM), Microchip Technology (MCHP), Xilinx (XLNX), Kyocera (KYOCY), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), 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), QUALCOMM (QCOM), Advanced Micro Devices (AMD), TriQuint Semiconductor (TQNT), Starbucks (SBUX), Walt Disney (DIS) and Intel (INTC).

Qorvo's stock is owned by a number of of institutional and retail investors. Top institutional investors include New York State Teachers Retirement System (0.16%), Assenagon Asset Management S.A. (0.13%), State of Alaska Department of Revenue (0.08%), Zurcher Kantonalbank Zurich Cantonalbank (0.08%), Arizona State Retirement System (0.08%) and F&V Capital Management LLC (0.07%). 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 PGGM Investments, DNB Asset Management AS, Meag Munich Ergo Kapitalanlagegesellschaft MBH, First Hawaiian Bank, Institute for Wealth Management LLC., F&V Capital Management LLC, Farmers & Merchants Trust Co of Chambersburg PA and IFM Investors Pty 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, 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 Assenagon Asset Management S.A., United Services Automobile Association, Three Peaks Capital Management LLC, Covenant Asset Management LLC, Deane Retirement Strategies Inc., Zurcher Kantonalbank Zurich Cantonalbank, Polianta Ltd and Strs Ohio. 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 $110.03.

Qorvo has a market capitalization of $12.78 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]