NASDAQ:QRVO - Qorvo Stock Price, Forecast & News

Qorvo trades on the NASDAQ under the ticker symbol "QRVO."

Qorvo Inc (NASDAQ:QRVO) posted its earnings results on Wednesday, January, 29th. The semiconductor company reported $1.86 EPS for the quarter, beating the Zacks' consensus estimate of $1.46 by $0.40. The semiconductor company earned $869.10 million during the quarter, compared to analysts' expectations of $852.62 million. Qorvo had a net margin of 11.03% and a return on equity of 14.97%. Qorvo's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.85 earnings per share. View Qorvo's Earnings History.

Qorvo is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Qorvo.

Qorvo issued an update on its fourth quarter earnings guidance on Wednesday, January, 29th. The company provided earnings per share (EPS) guidance of $1.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.08. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $726.11 million.

20 brokerages have issued 12-month price objectives for Qorvo's stock. Their forecasts range from $74.00 to $150.00. On average, they expect Qorvo's share price to reach $113.94 in the next twelve months. This suggests a possible upside of 18.3% from the stock's current price. View Analyst Price Targets for Qorvo.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 7 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Qorvo.

Media headlines about QRVO stock have trended neutral recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Qorvo earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave news articles about the semiconductor company a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Qorvo.

Qorvo saw a increase in short interest in January. As of January 31st, there was short interest totalling 4,910,000 shares, an increase of 44.4% from the January 15th total of 3,400,000 shares. Based on an average daily volume of 1,782,100 shares, the days-to-cover ratio is currently 2.8 days. Currently, 4.3% of the shares of the stock are sold short. View Qorvo's Current Options Chain.

Some companies that are related to Qorvo include Analog Devices (ADI), NXP Semiconductors (NXPI), TOKYO ELECTRON/ADR (TOELY), Infineon Technologies (IFNNY), STMicroelectronics (STM), Microchip Technology (MCHP), Kyocera (KYOCY), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), ASE Technology (ASX), Semiconductor Manufacturing International (SMICY), Advantest (ATEYY) and Cypress Semiconductor (CY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Qorvo investors own include Skyworks Solutions (SWKS), NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Walt Disney (DIS), Intel (INTC), Starbucks (SBUX) and TriQuint Semiconductor (TQNT).

Qorvo's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (6.18%), State Street Corp (4.45%), Boston Partners (3.12%), Baupost Group LLC MA (2.38%), AQR Capital Management LLC (2.02%) and Geode Capital Management LLC (1.79%). Company insiders that own Qorvo stock include Daniel A Dileo, David H Y Ho, Gina Harrison, James L Klein, John R Harding, Mark J Murphy, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Susan Louise Spradley and Walter H Wilkinson. View Institutional Ownership Trends for Qorvo.

QRVO stock was sold by a variety of institutional investors in the last quarter, including Baupost Group LLC MA, Capital Research Global Investors, Iridian Asset Management LLC CT, Panagora Asset Management Inc., UBS Asset Management Americas Inc., FMR LLC, Robecosam AG and Robecosam AG. Company insiders that have sold Qorvo company stock in the last year include David H Y Ho, Gina Harrison, James L Klein, John R Harding, Mark J Murphy, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Susan Louise Spradley and Walter H Wilkinson. View Insider Buying and Selling for Qorvo.

QRVO stock was bought by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Renaissance Technologies LLC, ANTIPODES PARTNERS Ltd, Geode Capital Management LLC, Crawford Lake Capital Management LLC, Los Angeles Capital Management & Equity Research Inc., Russell Investments Group Ltd. and Bank of New York Mellon Corp. View Insider Buying and Selling for Qorvo.

Shares of QRVO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of QRVO stock can currently be purchased for approximately $96.34.

Qorvo has a market capitalization of $11.15 billion and generates $3.09 billion in revenue each year. The semiconductor company earns $133.13 million in net income (profit) each year or $5.25 on an earnings per share basis. Qorvo employs 8,100 workers across the globe.View Additional Information About Qorvo.

The official website for Qorvo is http://www.qorvo.com/.

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]