NASDAQ:QRVO

Qorvo - QRVO Stock Forecast, Price & News

$106.88

-0.09 (-0.08%)

(As of 02/3/2023 12:00 AM ET)

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Today's Range: $104.69
▼
$109.54
50-Day Range: $87.79
▼
$113.53
52-Week Range: $75.38
▼
$139.35

Volume: 2.58 million shs
Average Volume: 1.36 million shs
Market Capitalization: $10.84 billion

P/E Ratio: 25.09
Dividend Yield: N/A
Price Target: $108.70

Institutional Ownership

Qorvo MarketRank™ Forecast

Analyst Rating: Hold
2.14 Rating Score
Upside/Downside: 1.7% Upside
$108.70 Price Target
Short Interest: Healthy
2.86% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.86
Upright™ Environmental Score
News Sentiment: 0.25
Based on 39 Articles This Week
Insider Trading: Selling Shares
$370,136 Sold Last Quarter
Proj. Earnings Growth: 13.95%
From $5.16 to $5.88 Per Share

Overall MarketRank^™

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

2.30 out of 5 stars

Computer And Technology Sector

216th out of 608 stocks

Semiconductors & Related Devices Industry

30th out of 89 stocks

2.1

Analyst's Opinion

Consensus Rating
Qorvo has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 5 buy ratings, 15 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $108.70, Qorvo has a forecasted upside of 1.7% from its current price of $106.88.
Amount of Analyst Coverage
Qorvo has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.86% of the float of Qorvo has been sold short.
Short Interest Ratio / Days to Cover
Qorvo has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Qorvo has recently increased by 11.63%, indicating that investor sentiment is decreasing significantly.

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.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Qorvo has received a 38.45% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Network switches", "Network signal amplifiers", and "Transistors" products. See details.
Environmental Sustainability
The Environmental Impact score for Qorvo is -0.86.

2.9

News and Social Media Coverage

News Sentiment
Qorvo has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 39 news articles for Qorvo this week, compared to 5 articles on an average week.
Search Interest
9 people have searched for QRVO on MarketBeat in the last 30 days. This is an increase of 13% compared to the previous 30 days.
MarketBeat Follows
30 people have added Qorvo to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

2.5

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 $370,136.00 in company stock.
Percentage Held by Insiders
Only 0.45% of the stock of Qorvo is held by insiders.
Percentage Held by Institutions
86.47% of the stock of Qorvo is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Qorvo are expected to grow by 13.95% in the coming year, from $5.16 to $5.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Qorvo is 25.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of Qorvo is 25.09, 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 351.45.
Price to Earnings Growth Ratio
Qorvo has a PEG Ratio of 3.20. 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 2.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Qorvo (NASDAQ:QRVO) Stock

Qorvo, Inc. engages in the provision of development and commercialization of technologies and products for wireless and wired connectivity. It operates through the following reportable segments: Mobile Products and Infrastructure & Defense Products. The Mobile Products segment is involved in supplying cellular, UWB, and Wi-Fi solutions for applications, including smartphones, wearables, laptops, tablets, and Internet of things. The Infrastructure & Defense Products segment is involved in supplying RF, system-on-a-chip and power management solutions for applications in wireless infrastructure, defense, Wi-Fi, smart home, automotive, and Internet of things. The firm's products include amplifiers, control products, discrete transistors, filters & duplexers, frequency converters & sources, integrated products, optical components, passives, power management products, switches, and wireless connectivity products. The company was founded on December 13, 2013, and is headquartered in Greensboro, NC.

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