Qorvo Stock Forecast, Price & News

Qorvo's stock was trading at $89.42 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, QRVO stock has increased by 98.1% and is now trading at $177.15.
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22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 5 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Qorvo stock.
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Qorvo is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Qorvo.

Qorvo, Inc. (NASDAQ:QRVO) released its quarterly earnings data on Wednesday, November, 4th. The semiconductor company reported $2.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.49. The semiconductor company earned $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. Qorvo had a net margin of 12.05% and a return on equity of 16.10%. The business's revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 EPS.
View Qorvo's earnings history.

Qorvo updated its third quarter earnings guidance on Wednesday, November, 4th. The company provided EPS guidance of $2.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.71. The company issued revenue guidance of $1.045-1.075 billion, compared to the consensus revenue estimate of $928.49 million.

22 Wall Street analysts have issued 12-month price targets for Qorvo's stock. Their forecasts range from $109.00 to $225.00. On average, they expect Qorvo's stock price to reach $163.15 in the next twelve months. This suggests that the stock has a possible downside of 7.9%.
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Qorvo saw a increase in short interest in December. As of December 31st, there was short interest totaling 2,310,000 shares, an increase of 24.9% from the December 15th total of 1,850,000 shares. Based on an average daily trading volume, of 1,170,000 shares, the short-interest ratio is currently 2.0 days. Currently, 2.0% of the company's stock are short sold.
View Qorvo's Short Interest.

Some companies that are related to Qorvo include Tokyo Electron (TOELY), Analog Devices (ADI), Infineon Technologies (IFNNY), NXP Semiconductors (NXPI), Microchip Technology (MCHP), STMicroelectronics (STM), Marvell Technology Group (MRVL), Xilinx (XLNX), Enphase Energy (ENPH), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Kyocera (KYOCY), United Microelectronics (UMC), Semiconductor Manufacturing International (SMICY) and Monolithic Power Systems (MPWR).
View all of QRVO's 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), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Intel (INTC), salesforce.com (CRM), Alibaba Group (BABA), Tesla (TSLA) and Cisco Systems (CSCO).

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

Qorvo's stock is owned by a variety of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.08%), F&V Capital Management LLC (0.06%), Crossmark Global Holdings Inc. (0.01%), IFM Investors Pty Ltd (0.01%), First Hawaiian Bank (0.01%) and Louisiana State Employees Retirement System (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 State of Alaska Department of Revenue, New England Research & Management Inc., Diversified Trust Co, First Hawaiian Bank, Contravisory Investment Management Inc., Bowling Portfolio Management LLC, Vigilare Wealth Management, and Redpoint Investment Management Pty Ltd. Company insiders that have sold Qorvo company stock in the last year include Gina Harrison, James L Klein, Mark J Murphy, Paul J Fego, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, and Walter H Wilkinson.
View insider buying and selling activity for Qorvo or view top insider-selling stocks.

QRVO stock was purchased by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., Breiter Capital Management Inc., IFM Investors Pty Ltd, Sonora Investment Management LLC, Louisiana State Employees Retirement System, Sowell Financial Services LLC, F&V Capital Management LLC, and Patriot Financial Group Insurance Agency LLC.
View insider buying and selling activity for Qorvo or or view top insider-buying stocks.

Shares of QRVO 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.

One share of QRVO stock can currently be purchased for approximately $177.15.

Qorvo has a market capitalization of $20.20 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]