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S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
A gold storm is coming… (Ad)
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
A gold storm is coming… (Ad)
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
A gold storm is coming… (Ad)
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
A gold storm is coming… (Ad)
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
A gold storm is coming… (Ad)
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
A gold storm is coming… (Ad)
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers
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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Compare
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

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
0.25mentions of Qorvo in the last 14 days
Based on 38 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.

2.24 out of 5 stars

Computer And Technology Sector

215th out of 610 stocks

Semiconductors & Related Devices Industry

29th out of 89 stocks

QRVO stock logo

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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QRVO Stock News Headlines

Morgan Stanley Raises Qorvo (NASDAQ:QRVO) Price Target to $110.00
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Qorvo (NASDAQ:QRVO) Price Target Raised to $110.00
Piper Sandler Boosts Qorvo (NASDAQ:QRVO) Price Target to $120.00
Qorvo (NASDAQ:QRVO) Shares Gap Down to $113.53
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
There's a Difficult Market Ahead for Smartphones
Qorvo (QRVO) Set to Announce Earnings on Wednesday
See More Headlines
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QRVO Company Calendar

Last Earnings
2/01/2023
Today
2/05/2023
Fiscal Year End
3/31/2023
Next Earnings (Estimated)
5/03/2023

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
$108.70
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+1.7%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
22 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
13.92%

Debt

Sales & Book Value

Annual Sales
$4.65 billion
Cash Flow
$15.38 per share
Book Value
$41.08 per share

Miscellaneous

Free Float
100,933,000
Market Cap
$10.84 billion
Optionable
Optionable
Beta
1.42

Social Links


Key Executives

  • Robert A. BruggeworthRobert A. Bruggeworth
    President, Chief Executive Officer & Director
  • Paul J. FegoPaul J. Fego
    Senior Vice President-Global Operations
  • Grant A. Brown
    Chief Financial Officer & Senior Vice President
  • Todd Gillenwater
    Chief Technology Officer & VP-Engineering
  • Steven Eric CrevistonSteven Eric Creviston
    Senior VP, President-Connectivity & Sensors













QRVO Stock - Frequently Asked Questions

Should I buy or sell Qorvo stock right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 2 sell ratings, 15 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research 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 2023?

22 brokers have issued 1 year price targets for Qorvo's shares. Their QRVO share price forecasts range from $80.00 to $140.00. On average, they anticipate the company's stock price to reach $108.70 in the next twelve months. This suggests a possible upside of 1.7% 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 2023?

Qorvo's stock was trading at $90.64 at the beginning of the year. Since then, QRVO stock has increased by 17.9% and is now trading at $106.88.
View the best growth stocks for 2023 here
.

When is Qorvo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our QRVO earnings forecast
.

How were Qorvo's earnings last quarter?

Qorvo, Inc. (NASDAQ:QRVO) released its quarterly earnings data on Wednesday, February, 1st. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.12. The semiconductor company earned $743.30 million during the quarter, compared to analysts' expectations of $726.33 million. Qorvo had a net margin of 11.06% and a trailing twelve-month return on equity of 19.41%. The firm's revenue for the quarter was down 33.3% on a year-over-year basis. During the same quarter last year, the business posted $2.81 EPS.
Read the conference call transcript
.

How will Qorvo's stock buyback program work?

Qorvo announced that its Board of Directors has authorized a share repurchase program on Wednesday, November 2nd 2022, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 22.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its stock is undervalued.

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

Qorvo updated its fourth quarter earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of $0.10-0.15 for the period, compared to the consensus EPS estimate of $0.60. The company issued revenue guidance of $600-640 million, compared to the consensus revenue estimate of $725.88 million.

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 variety of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.66%), Pinnacle Associates Ltd. (0.42%), Pinnacle Associates Ltd. (0.42%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Assenagon Asset Management S.A. (0.17%) and New York State Teachers Retirement System (0.12%). Insiders that own company stock include Frank P Stewart, 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 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 $106.88.

How much money does Qorvo make?

Qorvo (NASDAQ:QRVO) has a market capitalization of $10.84 billion and generates $4.65 billion in revenue each year. The semiconductor company earns $1.03 billion in net income (profit) each year or $4.26 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: 7Hugs Labs SAS, Active-Semi (Shanghai) Co. Ltd., Active-Semi Inc, Active-Semi International Inc., Active-Semi International Inc., Amalfi Semiconductor Inc., Cavendish Kinetics, Cavendish Kinetics Inc, Cavendish Kinetics Limited, Custom MMIC, DecaWave, Decawave Inc., Decawave Limited, GreenPeak Technologies, NextInput, NextInput Inc., 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 Ireland Holding Limited, Qorvo Japan YK, Qorvo Malaysia Sdn Bhd, Qorvo Munich GmbH, Qorvo Oregon Inc., Qorvo Paris, Qorvo Shanghai Ltd., Qorvo Singapore Pte. Ltd., Qorvo Texas LLC, Qorvo Toulouse SAS, Qorvo UK Limited, Qorvo US Inc., Qorvo Utrecht B.V., Qorvo Vietnam Company Limited, RF Micro Devices, RF Micro Devices Svenska AB, RFMD Infrastructure Product Group Inc., RFMD LLC, Sevenhugs Inc., TriQuint Semiconductor, TriQuint WJ Inc., United Silicon Carbide, United Silicon Carbide Inc., WJ Newco LLC, and Xemod Incorporated.
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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 2/5/2023 by MarketBeat.com Staff