Qorvo - QRVO Stock Forecast, Price & News

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.

Qorvo Trading Down 2.6 %

QRVO Stock traded down $2.76 during mid-day trading on Friday, reaching $104.29. 20,284 shares of the stock traded hands, compared to its average volume of 1,371,097. The company has a current ratio of 3.30, a quick ratio of 2.12 and a debt-to-equity ratio of 0.48. Qorvo has a 52-week low of $90.16 and a 52-week high of $192.92. The company has a market cap of $10.76 billion, a P/E ratio of 14.49, a P/E/G ratio of 2.32 and a beta of 1.35. The stock's fifty day moving average is $100.87 and its 200-day moving average is $113.59.

Analyst Ratings Changes

A number of analysts have recently issued reports on QRVO shares. StockNews.com cut Qorvo from a "buy" rating to a "hold" rating in a report on Tuesday, June 28th. Rosenblatt Securities cut their target price on Qorvo from $135.00 to $110.00 and set a "neutral" rating on the stock in a research report on Thursday, August 4th. Raymond James cut their target price on Qorvo from $155.00 to $130.00 and set an "outperform" rating on the stock in a research report on Thursday, August 4th. Barclays cut their target price on Qorvo from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, July 25th. Finally, JPMorgan Chase & Co. cut their target price on Qorvo from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $132.55.

Insider Buying and Selling at Qorvo

In other news, Director Jeffery R. Gardner sold 5,000 shares of the company's stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $108.68, for a total value of $543,400.00. Following the transaction, the director now owns 32,793 shares in the company, valued at approximately $3,563,943.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jeffery R. Gardner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $110.57, for a total value of $110,570.00. Following the transaction, the director now 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 at this link. Also, Director Jeffery R. Gardner sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $108.68, for a total value of $543,400.00. Following the completion of the transaction, the director now owns 32,793 shares in the company, valued at approximately $3,563,943.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,602 shares of company stock valued at $1,707,506. 0.45% of the stock is currently owned by corporate insiders.