NASDAQ:QRVO

Qorvo Stock Forecast, Price & News

$183.31
+0.40 (+0.22 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$182.25
$183.75
50-Day Range
$165.35
$199.54
52-Week Range
$104.57
$201.68
Volume525,300 shs
Average Volume1.28 million shs
Market Capitalization$20.64 billion
P/E Ratio28.87
Dividend YieldN/A
Beta1.39
30 days | 90 days | 365 days | Advanced Chart
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Qorvo logo

About Qorvo

Qorvo, Inc. develops and commercializes technologies and products for wireless and wired connectivity worldwide. The company operates in two segments, Mobile Products, and Infrastructure and Defense Products. The company offers integrated modules incorporating switches, power amplifiers, filters and duplexers, antenna tuners, RF power management integrated circuits, multimode/multi-band PAs and transmit modules, antenna-plexers, discrete filters and duplexers, discrete switches, and UWB system solutions, as well as envelope tracking power management solutions, antenna control solutions, and UWB system solutions supporting secure, low power, location, and communication services. It also provides integrated solutions that include switch-LNA modules, variable gain amplifiers, and integrated PA Doherty modules for massive multiple-input/multiple-output systems; RF products and compound semiconductor foundry services to defense primes and other global defense and aerospace customers; Wi-Fi customer premises equipment, including power amplifiers, switches, low noise amplifiers, and bulk acoustic wave filters; system-on-a-chip hardware, firmware, and application software for smart home applications; automotive RF connectivity products and metal oxide semiconductor based UWB chip and module system solutions; and power application controllers and programmable analog power ICs. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.

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MarketRank

Overall MarketRank

1.89 out of 5 stars

Computer And Technology Sector

204th out of 1,587 stocks

Semiconductors & Related Devices Industry

31st out of 151 stocks

Analyst Opinion: 2.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Qorvo (NASDAQ:QRVO) Frequently Asked Questions

Is Qorvo a buy right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 4 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Qorvo stock.
View analyst ratings for Qorvo
or view top-rated stocks.

What stocks does MarketBeat like better than Qorvo?

Wall Street analysts have given Qorvo a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Qorvo wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Qorvo?

Qorvo saw a increase in short interest in May. As of May 14th, there was short interest totaling 2,550,000 shares, an increase of 37.8% from the April 29th total of 1,850,000 shares. Based on an average daily trading volume, of 1,190,000 shares, the short-interest ratio is presently 2.1 days. Approximately 2.3% of the shares of the company are sold short.
View Qorvo's Short Interest
.

When is Qorvo's next earnings date?

Qorvo is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Qorvo
.

How were Qorvo's earnings last quarter?

Qorvo, Inc. (NASDAQ:QRVO) posted its earnings results on Wednesday, May, 5th. The semiconductor company reported $2.74 EPS for the quarter, topping the Zacks' consensus estimate of $2.23 by $0.51. The semiconductor company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. Qorvo had a trailing twelve-month return on equity of 23.45% and a net margin of 18.27%.
View Qorvo's earnings history
.

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

Qorvo's stock was trading at $89.42 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, QRVO stock has increased by 105.0% and is now trading at $183.31.
View which stocks have been most impacted by COVID-19
.

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

Qorvo issued an update on its first quarter 2022 earnings guidance on Wednesday, May, 26th. The company provided earnings per share (EPS) guidance of 2.450-2.450 for the period, compared to the Thomson Reuters consensus estimate of $2.160. The company issued revenue guidance of $1.07 billion-$1.10 billion, compared to the consensus revenue estimate of $1 billion.

What price target have analysts set for QRVO?

19 equities research analysts have issued 1 year price objectives for Qorvo's stock. Their forecasts range from $133.00 to $245.00. On average, they anticipate Qorvo's share price to reach $199.00 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price.
View analysts' price targets for Qorvo
or view top-rated stocks among Wall Street analysts.

Who are Qorvo's key executives?

Qorvo's management team includes the following people:
  • Mr. Robert A. Bruggeworth, Pres, CEO & Director (Age 60, Pay $1.39M) (LinkedIn Profile)
  • Mr. Mark J. Murphy, Chief Financial Officer (Age 53, Pay $723.25k) (LinkedIn Profile)
  • Mr. Paul J. Fego, Corp. VP of Global Operations (Age 63, Pay $640k) (LinkedIn Profile)
  • Mr. James L. Klein, Corp. VP and Pres of Infrastructure & Defense Products (Age 56, Pay $648.97k)
  • Mr. Steven Eric Creviston, Corp. VP & Pres of Mobile Products (Age 57, Pay $709.27k) (LinkedIn Profile)
  • Mr. Douglas DeLieto, VP of Investor Relations
  • Mr. Jason K. Givens, Corp. VP, Gen. Counsel & Corp. Sec.
  • Mr. Brent Dietz, Director of Corp. Communications
  • Ms. Brandi Frye, Corp. VP of Marketing (LinkedIn Profile)
  • Ms. Debra Howard, Chief HR Officer & Corp. VP (LinkedIn Profile)

What is Robert Bruggeworth's approval rating as Qorvo's CEO?

90 employees have rated Qorvo CEO Robert Bruggeworth on Glassdoor.com. Robert Bruggeworth has an approval rating of 72% among Qorvo's employees.

Who are some of Qorvo's key 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), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Intel (INTC), salesforce.com (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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.39%), Baupost Group LLC MA (4.61%), Vulcan Value Partners LLC (3.86%), Boston Partners (3.22%), Geode Capital Management LLC (1.83%) and Robeco Schweiz AG (1.38%). 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, 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 Janus Henderson Group PLC, JPMorgan Chase & Co., Boston Partners, AQR Capital Management LLC, AO Asset Management LP, Mirae Asset Global Investments Co. Ltd., Vulcan Value Partners LLC, and Canada Pension Plan Investment Board. Company insiders that have sold Qorvo company stock in the last year include Gina Harrison, James L Klein, Mark J Murphy, Robert A Bruggeworth, Steven E Creviston, and Walter H Wilkinson.
View insider buying and selling activity for Qorvo
or view top insider-selling stocks.

Which institutional investors are buying Qorvo stock?

QRVO stock was acquired by a variety of institutional investors in the last quarter, including Robeco Schweiz AG, Baupost Group LLC MA, Select Equity Group L.P., BlackRock Inc., Ameriprise Financial Inc., Rafferty Asset Management LLC, Citigroup Inc., and BNP Paribas Arbitrage SA.
View insider buying and selling activity for Qorvo
or or view top insider-buying stocks.

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 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 $183.31.

How much money does Qorvo make?

Qorvo has a market capitalization of $20.64 billion and generates $4.02 billion in revenue each year. The semiconductor company earns $733.61 million in net income (profit) each year or $9.30 on an earnings per share basis.

How many employees does Qorvo have?

Qorvo employs 8,400 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.

When was Qorvo founded?

Qorvo was founded in 2015.

What is Qorvo's official website?

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

Where are Qorvo's headquarters?

Qorvo is headquartered at 7628 THORNDIKE ROAD, GREENSBORO NC, 27409.

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 6/14/2021 by MarketBeat.com Staff
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