Qorvo - QRVO Stock Forecast, Price & News

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 2 sell ratings, 15 hold ratings and 5 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.
View QRVO analyst ratings or view top-rated stocks.

22 brokers have issued twelve-month target prices for Qorvo's stock. Their QRVO share price forecasts range from $80.00 to $180.00. On average, they expect the company's stock price to reach $106.78 in the next year. This suggests a possible upside of 8.2% from the stock's current price.
View analysts price targets for QRVO or view top-rated stocks among Wall Street analysts.

Qorvo's stock was trading at $156.39 on January 1st, 2022. Since then, QRVO shares have decreased by 36.9% and is now trading at $98.69.
View the best growth stocks for 2022 here.

Qorvo saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,350,000 shares, an increase of 15.9% from the October 31st total of 2,890,000 shares. Based on an average daily volume of 1,350,000 shares, the short-interest ratio is presently 2.5 days. Approximately 3.3% of the shares of the company are sold short.
View Qorvo's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our QRVO earnings forecast.

Qorvo, Inc. (NASDAQ:QRVO) posted its earnings results on Wednesday, November, 2nd. The semiconductor company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.38. The semiconductor company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. Qorvo had a trailing twelve-month return on equity of 24.47% and a net margin of 15.34%. The company's revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.22 earnings per share.
Read the conference call transcript.

Qorvo announced that its Board of Directors has authorized a stock repurchase program on Wednesday, November 2nd 2022, which authorizes the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 22.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Qorvo updated its third quarter 2023 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $0.50-$0.75 for the period, compared to the consensus estimate of $1.69. The company issued revenue guidance of $700.00 million-$750.00 million, compared to the consensus revenue estimate of $989.01 million.

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."

Qorvo's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.78%), BlackRock Inc. (8.12%), Baupost Group LLC MA (6.68%), Boston Partners (4.80%), State Street Corp (4.60%) and LSV Asset Management (1.69%). Insiders that own company stock include Frank P Stewart, 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 and Walter H Wilkinson.
View institutional ownership trends.

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.

One share of QRVO stock can currently be purchased for approximately $98.69.

Qorvo (NASDAQ:QRVO) has a market capitalization of $10.01 billion and generates $4.65 billion in revenue each year. The semiconductor company earns $1.03 billion in net income (profit) each year or $6.37 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.