NASDAQ:QRVOQorvo Stock Price, Forecast & News

$101.28

-1.93 (-1.87 %)

(As of 05/27/2020 11:06 AM ET)

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Today's Range

$101.27

Now: $101.28▼

$104.06

50-Day Range

$73.44

MA: $92.45▼

$103.33

52-Week Range

$60.15

Now: $101.28▼

$122.37

Volume27,842 shs

Average Volume1.74 million shs

Market Capitalization$11.72 billion

P/E Ratio35.92

Dividend YieldN/A

Beta1.42

Qorvo, Inc. provides radio frequency (RF) solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) segments. The MP segment offers cellular RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, power amplifiers (PAs), low noise amplifiers (LNAs), switches, multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers. This segment supplies its solutions for use in mobile devices, including smartphones, notebook computers, wearables, tablets, and cellular-based applications for the Internet of Things (IoT). The IDP segment supplies RF solutions for communications and defense applications, such as high performance defense systems comprising radar, electronic warfare and communication systems, Wi-Fi customer premises equipment for home and work, high speed connectivity in long-term evolution and 5G base stations, cloud connectivity via data center communications and telecom transport, and automotive connectivity and other IoT, including smart home solutions. This segment provides gallium arsenide, gallium nitride power amplifiers, LNAs, switches, complementary metal oxide semiconductor system-on-a-chip solutions, premium BAW and SAW filter solutions, and various multichip and hybrid assemblies. The company sells its products directly to customers, as well as through a network of domestic and foreign sales representative firms and distributors to original equipment manufacturers and original design manufacturers. Qorvo, Inc. was founded in 1991 and is headquartered in Greensboro, North Carolina.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Qorvo has received a consensus rating of Buy. The company's average rating score is 2.68, and is based on 15 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $109.74, Qorvo has a potential upside of 8.3% from its current price of $101.28.
Amount of Analyst Coverage
Qorvo has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.8 Community Rank

Outperform Votes
Qorvo has received 703 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Qorvo has received 539 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Qorvo has received 56.60% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Qorvo and other stocks. Vote “Outperform” if you believe QRVO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe QRVO will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Qorvo does not currently pay a dividend.
Dividend Growth
Qorvo does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Qorvo insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,684,932.00 in company stock.
Percentage Held by Insiders
Only 0.71% of the stock of Qorvo is held by insiders.
Percentage Held by Institutions
87.86% of the stock of Qorvo is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Qorvo are expected to grow by 28.33% in the coming year, from $4.73 to $6.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Qorvo is 35.92, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of Qorvo is 35.92, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.48.
Price to Earnings Growth Ratio
Qorvo has a PEG Ratio of 2.09. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Qorvo has a P/B Ratio of 2.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.60 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:QRVO

Previous Symbol

CUSIPN/A

CIK1604778

Webwww.qorvo.com

Phone336-664-1233

Debt

Debt-to-Equity Ratio0.37

Current Ratio3.14

Quick Ratio2.18

Price-To-Earnings

Trailing P/E Ratio35.92

Forward P/E Ratio21.41

P/E Growth2.09

Sales & Book Value

Annual Sales$3.24 billion

Price / Sales3.62

Cash Flow$9.92 per share

Price / Cash Flow10.21

Book Value$37.11 per share

Price / Book2.73

Profitability

EPS (Most Recent Fiscal Year)$5.71

Net Income$334.33 million

Net Margins10.32%

Return on Equity15.74%

Return on Assets10.92%

Miscellaneous

Employees7,900

Outstanding Shares115,680,000

Market Cap$11.72 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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Qorvo (NASDAQ:QRVO) Frequently Asked Questions

How has Qorvo's stock been impacted by COVID-19 (Coronavirus)?

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 13.3% and is now trading at $101.28. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Qorvo?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 7 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Qorvo.

When is Qorvo's next earnings date?

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

How were Qorvo's earnings last quarter?

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

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

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

What price target have analysts set for QRVO?

22 equities research analysts have issued twelve-month price objectives for Qorvo's stock. Their forecasts range from $74.00 to $150.00. On average, they expect Qorvo's stock price to reach $109.74 in the next year. This suggests a possible upside of 8.3% from the stock's current price. View analysts' price targets for Qorvo.

Has Qorvo been receiving favorable news coverage?

Media coverage about QRVO stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Qorvo earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutQorvo.

Are investors shorting Qorvo?

Qorvo saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 3,600,000 shares, an increase of 22.0% from the April 15th total of 2,950,000 shares. Based on an average trading volume of 2,150,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 3.1% of the shares of the company are short sold. View Qorvo's Current Options Chain.

Who are some of Qorvo's key competitors?

Some companies that are related to Qorvo include Analog Devices (ADI), TOKYO ELECTRON/ADR (TOELY), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), STMicroelectronics (STM), Xilinx (XLNX), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Kyocera (KYOCY), Maxim Integrated Products (MXIM), Semiconductor Manufacturing International (SMICY), Advantest (ATEYY), Monolithic Power Systems (MPWR) and Cypress Semiconductor (CY). View all competitors.

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), Advanced Micro Devices (AMD), Alibaba Group (BABA), QUALCOMM (QCOM), Intel (INTC), Walt Disney (DIS), salesforce.com (CRM) and Netflix (NFLX).

Who are Qorvo's key executives?

Qorvo's management team includes the following people:

Mr. Robert A. Bruggeworth, Pres, CEO & Director (Age 58)
Mr. Mark J. Murphy, Chief Financial Officer (Age 51)
Ms. Gina B. Harrison, VP & Corp. Controller (Age 51)
Mr. James L. Klein, Corp. VP and Pres of Infrastructure & Defense Products (Age 54)
Mr. Steven E. Creviston, Corp. VP & Pres of Mobile Products (Age 55)

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 institutional and retail investors. Top institutional shareholders include State Street Corp (4.40%), Capital Research Global Investors (4.14%), Baupost Group LLC MA (2.65%), AQR Capital Management LLC (2.43%), Geode Capital Management LLC (1.75%) and Iridian Asset Management LLC CT (1.00%). 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.

Which institutional investors are selling Qorvo stock?

QRVO stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, First Trust Advisors LP, Nuveen Asset Management LLC, WINTON GROUP Ltd, UBS Group AG, Morgan Stanley, Morgan Stanley, and Ensign Peak Advisors Inc. 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.

Which institutional investors are buying Qorvo stock?

QRVO stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, AQR Capital Management LLC, Iridian Asset Management LLC CT, JPMorgan Chase & Co., Baupost Group LLC MA, Wells Fargo & Company MN, Sumitomo Mitsui Trust Holdings Inc., and MERIAN GLOBAL INVESTORS UK Ltd. View insider buying and selling activity for Qorvo.

How do I buy shares of 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.

What is Qorvo's stock price today?

One share of QRVO stock can currently be purchased for approximately $101.28.

How big of a company is Qorvo?

Qorvo has a market capitalization of $11.72 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.

What is Qorvo's official website?

The official website for Qorvo is www.qorvo.com.

How can I contact Qorvo?

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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff