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Can Airbnb Still Thrive in a Recession?
Dems push Biden climate, health priorities toward Senate OK
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S&P 500   4,145.19
DOW   32,803.47
QQQ   322.73
What to Expect from the Markets in a Recession
Is This "Military Tech Crisis" About To Spark A $15B Boom For Investors? (Ad)
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Is This "Military Tech Crisis" About To Spark A $15B Boom For Investors? (Ad)
Bangladesh seeks China help to repatriate Rohingya refugees
Can Airbnb Still Thrive in a Recession?
Dems push Biden climate, health priorities toward Senate OK
Biden: By 2030, 50% Of All Vehicles Will Be Electric. Sparking New "Lithium Gold Rush." (Ad)
S&P 500   4,145.19
DOW   32,803.47
QQQ   322.73
What to Expect from the Markets in a Recession
Is This "Military Tech Crisis" About To Spark A $15B Boom For Investors? (Ad)
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Is This "Military Tech Crisis" About To Spark A $15B Boom For Investors? (Ad)
Bangladesh seeks China help to repatriate Rohingya refugees
Can Airbnb Still Thrive in a Recession?
Dems push Biden climate, health priorities toward Senate OK
Biden: By 2030, 50% Of All Vehicles Will Be Electric. Sparking New "Lithium Gold Rush." (Ad)
S&P 500   4,145.19
DOW   32,803.47
QQQ   322.73
What to Expect from the Markets in a Recession
Is This "Military Tech Crisis" About To Spark A $15B Boom For Investors? (Ad)
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Is This "Military Tech Crisis" About To Spark A $15B Boom For Investors? (Ad)
Bangladesh seeks China help to repatriate Rohingya refugees
Can Airbnb Still Thrive in a Recession?
Dems push Biden climate, health priorities toward Senate OK
Biden: By 2030, 50% Of All Vehicles Will Be Electric. Sparking New "Lithium Gold Rush." (Ad)
NASDAQ:QRVO

Qorvo - QRVO Stock Forecast, Price & News

$105.00
-1.09 (-1.03%)
(As of 08/8/2022 09:07 AM ET)
Add
Compare
Today's Range
$105.00
$105.00
50-Day Range
$92.47
$113.36
52-Week Range
$90.16
$194.95
Volume
1 shs
Average Volume
1.41 million shs
Market Capitalization
$10.89 billion
P/E Ratio
14.21
Dividend Yield
N/A
Price Target
$132.55

Qorvo MarketRank™ Forecast

Analyst Rating
Hold
2.23 Rating Score
Upside/​Downside
24.9% Upside
$132.55 Price Target
Short Interest
Healthy
2.75% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
-0.11mentions of Qorvo in the last 14 days
Based on 49 Articles This Week
Insider Trading
Selling Shares
$2.06 M Sold Last Quarter
Proj. Earnings Growth
19.69%
From $9.65 to $11.55 Per Share

Overall MarketRank

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

2.61 out of 5 stars

Computer And Technology Sector

160th out of 835 stocks

Semiconductors & Related Devices Industry

27th out of 115 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.

Wall Street Analysts Forecast Growth

QRVO has been the subject of several research analyst reports. Piper Sandler dropped their price target on shares of Qorvo from $135.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday. Morgan Stanley decreased their target price on shares of Qorvo from $120.00 to $109.00 and set an "equal weight" rating for the company in a research note on Thursday. Cowen reduced their price objective on shares of Qorvo from $108.00 to $100.00 and set a "market perform" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Qorvo from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, The Goldman Sachs Group dropped their target price on shares of Qorvo from $126.00 to $107.00 in a report on Friday, July 15th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $132.55.

Qorvo Price Performance

Qorvo stock opened at $106.09 on Monday. The company has a current ratio of 3.30, a quick ratio of 2.12 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $11.00 billion, a PE ratio of 14.36, a P/E/G ratio of 1.70 and a beta of 1.35. Qorvo has a 12 month low of $90.16 and a 12 month high of $198.00. The stock has a 50-day moving average price of $101.37 and a two-hundred day moving average price of $114.96.

Insider Buying and Selling at Qorvo

In other Qorvo news, Director Jeffery R. Gardner sold 1,000 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $110.57, for a total value of $110,570.00. Following the completion of the transaction, the director now directly owns 31,793 shares in the company, valued at $3,515,352.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Qorvo news, Director Jeffery R. Gardner sold 1,000 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $110.57, for a total value of $110,570.00. Following the completion of the transaction, the director now directly owns 31,793 shares in the company, valued at $3,515,352.01. The transaction 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 the stock in a transaction dated 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 transaction, the director now owns 5,595 shares of the company's stock, valued at $532,979.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,070 shares of company stock worth $2,055,769. 0.45% of the stock is currently owned by insiders.

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QRVO Stock News Headlines

Qorvo (NASDAQ:QRVO) PT Lowered to $115.00 at Piper Sandler
UBS Group Trims Qorvo (NASDAQ:QRVO) Target Price to $120.00
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
Qorvo (QRVO) Q1 Earnings and Revenues Beat Estimates
Qorvo Is Poised to Stage a Modest Recovery Rally - RealMoney
Qorvo FQ1 2023 Earnings Preview - Seeking Alpha
See More Headlines
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QRVO Company Calendar

Last Earnings
11/03/2021
Today
8/08/2022
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
+26.2%
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
$41.99 per share

Miscellaneous

Free Float
102,740,000
Market Cap
$10.89 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 research 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 research analysts is that investors should "hold" Qorvo stock. 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 analyst ratings for Qorvo
or view top-rated stocks.

What is Qorvo's stock price forecast for 2022?

22 brokerages have issued 1-year target prices for Qorvo's shares. Their QRVO stock forecasts range from $95.00 to $220.00. On average, they predict Qorvo's share price to reach $132.55 in the next year. This suggests a possible upside of 24.9% from the stock's current price.
View analysts' price targets for Qorvo
or view top-rated stocks among Wall Street analysts.

How has Qorvo's stock price performed in 2022?

Qorvo's stock was trading at $156.39 at the start of the year. Since then, QRVO shares have decreased by 32.2% and is now trading at $106.09.
View the best growth stocks for 2022 here
.

When is Qorvo's next earnings date?

Qorvo is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our earnings forecast for Qorvo
.

How were Qorvo's earnings last quarter?

Qorvo, Inc. (NASDAQ:QRVO) announced its quarterly earnings data 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 had revenue of $1.26 billion for the quarter, compared to the consensus estimate 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 last year, the company posted $2.17 earnings per share.
Read Qorvo's conference call transcript
.

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

Qorvo updated its second quarter earnings guidance on Wednesday, August, 3rd. The company provided EPS guidance of $2.45-2.65 for the period, compared to the consensus earnings per share estimate of $2.59. The company issued revenue guidance of $1.12-1.15 billion, compared to the consensus revenue estimate of $1.13 billion.

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.

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 retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (0.55%), Pinnacle Associates Ltd. (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Thornburg Investment Management Inc. (0.29%), Iridian Asset Management LLC CT (0.28%) and Border to Coast Pensions Partnership Ltd (0.24%). Company insiders that own Qorvo 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 for Qorvo
.

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 $106.09.

How much money does Qorvo make?

Qorvo (NASDAQ:QRVO) has a market capitalization of $11.00 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?

Qorvo 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 Qorvo 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 8/8/2022 by MarketBeat.com Staff

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