Qorvo - QRVO Stock Forecast, Price & News

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last twelve months. There are currently 1 sell rating, 17 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" QRVO shares. 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.
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24 Wall Street analysts have issued 12-month price targets for Qorvo's shares. Their QRVO share price forecasts range from $95.00 to $220.00. On average, they anticipate the company's share price to reach $131.13 in the next twelve months. This suggests a possible upside of 60.3% from the stock's current price.
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Qorvo's stock was trading at $156.39 at the beginning of 2022. Since then, QRVO stock has decreased by 47.7% and is now trading at $81.79.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our QRVO earnings forecast.

Qorvo, Inc. (NASDAQ:QRVO) posted its quarterly earnings data on Wednesday, August, 3rd. The semiconductor company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.05. The semiconductor company earned $1.04 billion during the quarter, compared to analysts' expectations of $1.03 billion. Qorvo had a net margin of 17.87% and a trailing twelve-month return on equity of 26.50%.

Qorvo issued an update on its second quarter 2023 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of $2.45-$2.65 for the period, compared to the consensus EPS estimate of $2.64. The company issued revenue guidance of $1.12 billion-$1.15 billion, compared to the consensus revenue estimate of $1.14 billion.

90 employees have rated Qorvo Chief Executive Officer Robert Bruggeworth on Glassdoor.com. Robert Bruggeworth has an approval rating of 72% among the company's employees.

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).

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

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.
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One share of QRVO stock can currently be purchased for approximately $81.79.

Qorvo (NASDAQ:QRVO) has a market capitalization of $8.44 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.

The company employs 8,900 workers across the globe.

Qorvo's mailing address is 7628 THORNDIKE ROAD, GREENSBORO NC, 27409. The official website for the company is www.qorvo.com. The semiconductor company can be reached via phone at (336) 664-1233 or via email at investor-relations@qorvo.com.