Qorvo Stock Forecast, Price & News

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 (WHO). Since then, QRVO stock has increased by 102.3% and is now trading at $180.92.
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23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last twelve months. There are currently 6 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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90 employees have rated Qorvo CEO Robert Bruggeworth on Glassdoor.com. Robert Bruggeworth has an approval rating of 72% among Qorvo's employees.

Qorvo is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Qorvo.

Qorvo will be holding an earnings conference call on Wednesday, February 3rd 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, Inc. (NASDAQ:QRVO) posted its quarterly earnings data on Wednesday, November, 4th. The semiconductor company reported $2.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.94 by $0.49. The semiconductor company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.01 billion. Qorvo had a net margin of 12.71% and a trailing twelve-month return on equity of 18.08%. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share.
View Qorvo's earnings history.

Qorvo issued an update on 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.

23 brokers have issued 12 month target prices for Qorvo's shares. Their forecasts range from $109.00 to $225.00. On average, they anticipate Qorvo's share price to reach $166.24 in the next year. This suggests that the stock has a possible downside of 8.1%.
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Qorvo saw a increase in short interest in the month of 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 days-to-cover ratio is currently 2.0 days. Approximately 2.0% of the company's stock are sold short.
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Some companies that are related to Qorvo include Tokyo Electron (TOELY), Analog Devices (ADI), Infineon Technologies (IFNNY), NXP Semiconductors (NXPI), Microchip Technology (MCHP), Marvell Technology Group (MRVL), STMicroelectronics (STM), Xilinx (XLNX), Skyworks Solutions (SWKS), Enphase Energy (ENPH), 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 shareholders include New York State Teachers Retirement System (0.15%), Candriam Luxembourg S.C.A. (0.14%), Frontier Capital Management Co. LLC (0.12%), Columbus Circle Investors (0.11%), State of Alaska Department of Revenue (0.08%) and British Airways Pensions Investment Management Ltd (0.07%). 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 British Airways Pensions Investment Management Ltd, Frontier Capital Management Co. LLC, State of Alaska Department of Revenue, Pendal Group Limited, New England Research & Management Inc., Strs Ohio, New York State Teachers Retirement System, and Diversified Trust Co. 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 bought by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Columbus Circle Investors, Janney Montgomery Scott LLC, Ibex Wealth Advisors, V Wealth Advisors LLC, DNB Asset Management AS, Crossmark Global Holdings Inc., and Vivid Financial Management Inc..
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 $180.92.

Qorvo has a market capitalization of $20.63 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]