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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
Home Depot Results Point To Sluggish 2nd Half
2 Long-Term EV Plays Trading Under $20
Are These 3 Video Game Stocks Now In Play?
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Why Apple is Primed to Take a Bite Out of Live Sports
How High Can Copper Go? (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
Home Depot Results Point To Sluggish 2nd Half
2 Long-Term EV Plays Trading Under $20
Are These 3 Video Game Stocks Now In Play?
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Why Apple is Primed to Take a Bite Out of Live Sports
How High Can Copper Go? (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
Home Depot Results Point To Sluggish 2nd Half
2 Long-Term EV Plays Trading Under $20
Are These 3 Video Game Stocks Now In Play?
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Why Apple is Primed to Take a Bite Out of Live Sports
How High Can Copper Go? (Ad)
NASDAQ:QRVO

Qorvo - QRVO Stock Forecast, Price & News

$107.91
-1.01 (-0.93%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$107.05
$109.06
50-Day Range
$92.47
$111.07
52-Week Range
$90.16
$192.92
Volume
738,529 shs
Average Volume
1.42 million shs
Market Capitalization
$11.14 billion
P/E Ratio
14.60
Dividend Yield
N/A
Price Target
$132.55

Qorvo MarketRank™ Forecast

Analyst Rating
Hold
2.23 Rating Score
Upside/​Downside
22.8% Upside
$132.55 Price Target
Short Interest
Healthy
2.13% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
0.31mentions of Qorvo in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$1.71 M Sold Last Quarter
Proj. Earnings Growth
45.09%
From $7.03 to $10.20 Per Share

Overall MarketRank

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

2.94 out of 5 stars

Computer And Technology Sector

57th out of 664 stocks

Semiconductors & Related Devices Industry

13th out of 100 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 Down 0.9 %

Qorvo stock opened at $107.91 on Wednesday. Qorvo has a 1-year low of $90.16 and a 1-year high of $192.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.30 and a quick ratio of 2.12. The stock has a market cap of $11.14 billion, a PE ratio of 14.60, a P/E/G ratio of 2.44 and a beta of 1.35. The stock's fifty day moving average is $100.91 and its two-hundred day moving average is $113.86.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Susquehanna Bancshares dropped their price objective on Qorvo to $115.00 in a report on Monday, July 25th. Mizuho lowered their target price on Qorvo from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, August 4th. Bank of America cut Qorvo from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $125.00 to $95.00 in a report on Wednesday, June 29th. The Goldman Sachs Group reduced their price target on Qorvo from $126.00 to $107.00 in a research report on Friday, July 15th. Finally, Cowen reduced their price target on Qorvo from $108.00 to $100.00 and set a "market perform" rating for the company in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $132.55.

Insider Buying and Selling at Qorvo

In other news, Director Roderick Nelson sold 4,761 shares of Qorvo stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $95.26, for a total transaction of $453,532.86. Following the sale, the director now owns 5,595 shares in the company, valued at $532,979.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Qorvo news, VP Paul J. Fego sold 3,403 shares of Qorvo stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $97.38, for a total value of $331,384.14. Following the sale, the vice president now owns 31,073 shares of the company's stock, valued at approximately $3,025,888.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roderick Nelson sold 4,761 shares of Qorvo stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $95.26, for a total value of $453,532.86. Following the completion of the sale, the director now directly owns 5,595 shares in the company, valued at approximately $532,979.70. The disclosure for this sale can be found here. Insiders have sold a total of 16,602 shares of company stock worth $1,707,506 over the last ninety days. Corporate insiders own 0.45% of the company's stock.

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QRVO Stock News Headlines

Qorvo, Inc. (NASDAQ:QRVO) VP Paul J. Fego Sells 2,438 Shares
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022
If you missed the boat on Tesla stocks, it's not too late! But don't follow the crowd and think EV makers are the most exciting investment. The smart money is focused on the miners that supply battery-grade lithium to EV manufacturers. With lithium demand expected to increase 10x by 2030, this industry is set to explode...
Qorvo (NASDAQ:QRVO) PT Lowered to $115.00 at Piper Sandler
UBS Group Trims Qorvo (NASDAQ:QRVO) Target Price to $120.00
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022
If you missed the boat on Tesla stocks, it's not too late! But don't follow the crowd and think EV makers are the most exciting investment. The smart money is focused on the miners that supply battery-grade lithium to EV manufacturers. With lithium demand expected to increase 10x by 2030, this industry is set to explode...
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
See More Headlines
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QRVO Company Calendar

Last Earnings
11/03/2021
Today
8/17/2022
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
+22.8%
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
$15.22 per share
Book Value
$41.67 per share

Miscellaneous

Free Float
102,740,000
Market Cap
$11.14 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 analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 1 sell rating, 15 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued twelve-month price targets for Qorvo's shares. Their QRVO share price forecasts range from $95.00 to $220.00. On average, they predict the company's share price to reach $132.55 in the next year. This suggests a possible upside of 22.8% from the stock's current price.
View analysts price targets for QRVO
or view top-rated stocks among Wall Street analysts.

How have QRVO shares performed in 2022?

Qorvo's stock was trading at $156.39 on January 1st, 2022. Since then, QRVO stock has decreased by 31.0% and is now trading at $107.91.
View the best growth stocks for 2022 here
.

When is Qorvo's next earnings date?

The company 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 earnings results on Wednesday, November, 3rd. The semiconductor company reported $3.42 earnings per share for the quarter, beating analysts' consensus estimates of $3.25 by $0.17. The semiconductor company earned $1.26 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm earned $2.17 EPS.
Read the conference call transcript
.

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

Qorvo updated its second quarter 2023 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of $2.45-$2.65 for the period, compared to the consensus earnings per share estimate of $2.64. The company issued revenue guidance of $1.12 billion-$1.15 billion, compared to the consensus revenue estimate of $1.14 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 a number of retail and institutional investors. Top institutional investors include Baupost Group LLC MA (6.75%), State Street Corp (4.51%), Northern Trust Corp (1.22%), UBS Asset Management Americas Inc. (0.61%), AQR Capital Management LLC (0.59%) and Van ECK Associates Corp (0.55%). 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 $107.91.

How much money does Qorvo make?

Qorvo (NASDAQ:QRVO) has a market capitalization of $11.14 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?

The company 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 8/17/2022 by MarketBeat.com Staff

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