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NASDAQ:QRVO

Qorvo Stock Forecast, Price & News

$124.99
-0.78 (-0.62 %)
(As of 09/24/2020 12:00 AM ET)
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Today's Range
$124.36
Now: $124.99
$128.39
50-Day Range
$114.11
MA: $128.09
$135.23
52-Week Range
$67.54
Now: $124.99
$136.06
Volume1.04 million shs
Average Volume1.72 million shs
Market Capitalization$14.28 billion
P/E Ratio37.65
Dividend YieldN/A
Beta1.44
Qorvo, Inc. provides radio frequency (RF) solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) segments. The MP segment offers cellular RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, power amplifiers (PAs), low noise amplifiers (LNAs), switches, multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers. This segment supplies its solutions for use in mobile devices, including smartphones, notebook computers, wearables, tablets, and cellular-based applications for the Internet of Things (IoT). The IDP segment supplies RF solutions for communications and defense applications, such as high performance defense systems comprising radar, electronic warfare and communication systems, Wi-Fi customer premises equipment for home and work, high speed connectivity in long-term evolution and 5G base stations, cloud connectivity via data center communications and telecom transport, and automotive connectivity and other IoT, including smart home solutions. This segment provides gallium arsenide, gallium nitride power amplifiers, LNAs, switches, complementary metal oxide semiconductor system-on-a-chip solutions, premium BAW and SAW filter solutions, and various multichip and hybrid assemblies. The company sells its products directly to customers, as well as through a network of domestic and foreign sales representative firms and distributors to original equipment manufacturers and original design manufacturers. Qorvo, Inc. was founded in 1991 and is headquartered in Greensboro, North Carolina.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.51 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
Current SymbolNASDAQ:QRVO
CUSIPN/A
Phone336-664-1233

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.24 billion
Cash Flow$10.11 per share
Book Value$37.11 per share

Profitability

Net Income$334.33 million

Miscellaneous

Employees7,900
Market Cap$14.28 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$124.99
-0.78 (-0.62 %)
(As of 09/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Qorvo (NASDAQ:QRVO) Frequently Asked Questions

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

Qorvo's stock was trading at $89.42 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, QRVO shares have increased by 39.8% and is now trading at $124.99.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Qorvo?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 4 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Qorvo
.

When is Qorvo's next earnings date?

Qorvo is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Qorvo
.

How were Qorvo's earnings last quarter?

Qorvo Inc (NASDAQ:QRVO) issued its earnings results on Wednesday, July, 29th. The semiconductor company reported $1.50 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.13 by $0.37. The semiconductor company had revenue of $787.50 million for the quarter, compared to analyst estimates of $729.91 million. Qorvo had a return on equity of 16.10% and a net margin of 12.05%. Qorvo's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 EPS.
View Qorvo's earnings history
.

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

Qorvo issued an update on its second quarter earnings guidance on Tuesday, September, 8th. The company provided earnings per share (EPS) guidance of $2.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.62. The company issued revenue guidance of 1.0-1.03, compared to the consensus revenue estimate of $940.71 million.

What price target have analysts set for QRVO?

23 brokerages have issued twelve-month target prices for Qorvo's shares. Their forecasts range from $80.00 to $160.00. On average, they expect Qorvo's stock price to reach $129.33 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price.
View analysts' price targets for Qorvo
.

Are investors shorting Qorvo?

Qorvo saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 3,060,000 shares, an increase of 32.5% from the July 30th total of 2,310,000 shares. Based on an average trading volume of 1,330,000 shares, the short-interest ratio is currently 2.3 days. Currently, 2.7% of the company's shares are short sold.
View Qorvo's Short Interest
.

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), Alibaba Group (BABA), salesforce.com (CRM), Tesla (TSLA) and Walt Disney (DIS).

Who are Qorvo's key executives?

Qorvo's management team includes the following people:
  • Mr. Robert A. Bruggeworth, Pres, CEO & Director (Age 58)
  • Mr. Mark J. Murphy, Chief Financial Officer (Age 51)
  • Ms. Gina B. Harrison, VP & Corp. Controller (Age 51)
  • Mr. James L. Klein, Corp. VP and Pres of Infrastructure & Defense Products (Age 54)
  • Mr. Steven E. Creviston, Corp. VP & Pres of Mobile Products (Age 55)

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 investors include Vanguard Group Inc. (11.48%), AQR Capital Management LLC (1.64%), Neuberger Berman Group LLC (1.39%), Bank of New York Mellon Corp (0.85%), Charles Schwab Investment Management Inc. (0.73%) and Fisher Asset Management LLC (0.73%). 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, Ralph Quinsey, 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 AQR Capital Management LLC, Goldman Sachs Group Inc., Vanguard Group Inc., Russell Investments Group Ltd., Assenagon Asset Management S.A., Thornburg Investment Management Inc., Fisher Asset Management LLC, and Mackay Shields LLC. Company insiders that have sold Qorvo company stock in the last year include David H Y Ho, Gina Harrison, James L Klein, Mark J Murphy, Paul J Fego, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Susan Louise Spradley, and Walter H Wilkinson.
View insider buying and selling activity for Qorvo
.

Which institutional investors are buying Qorvo stock?

QRVO stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Alyeska Investment Group L.P., Balyasny Asset Management LLC, Robecosam AG, Bank of Nova Scotia, Shelter Haven Capital Management L.P., Ensign Peak Advisors Inc, and First Trust Advisors LP.
View insider buying and selling activity for Qorvo
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Qorvo's stock price today?

One share of QRVO stock can currently be purchased for approximately $124.99.

How big of a company is Qorvo?

Qorvo has a market capitalization of $14.28 billion and generates $3.24 billion in revenue each year. The semiconductor company earns $334.33 million in net income (profit) each year or $5.71 on an earnings per share basis. Qorvo employs 7,900 workers across the globe.

What is Qorvo's official website?

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

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 9/25/2020 by MarketBeat.com Staff

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