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NASDAQ:QRVO

Qorvo (QRVO) Stock Forecast, Price & News

$98.43
+1.17 (+1.20%)
(As of 06/1/2023 ET)
Compare
Today's Range
$95.69
$99.61
50-Day Range
$89.69
$101.57
52-Week Range
$75.38
$114.59
Volume
1.28 million shs
Average Volume
1.31 million shs
Market Capitalization
$9.72 billion
P/E Ratio
106.99
Dividend Yield
N/A
Price Target
$108.78

Qorvo MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
10.5% Upside
$108.78 Price Target
Short Interest
Healthy
2.28% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
0.39mentions of Qorvo in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$3.31 M Sold Last Quarter
Proj. Earnings Growth
64.52%
From $3.89 to $6.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

Computer And Technology Sector

169th out of 1,226 stocks

Semiconductors & Related Devices Industry

29th out of 178 stocks


QRVO stock logo

About Qorvo (NASDAQ:QRVO) Stock

Qorvo, Inc. provides semiconductor solutions for RF and power. The firm combines product and technology leadership, systems-level expertise, and global manufacturing scale to quickly solve its customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including consumer electronics, smart home/IoT, automotive, EVs, battery-powered appliances, network infrastructure, healthcare, and aerospace/defense. It operates through the following segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies RF and power management solutions for infrastructure, defense and aerospace, automotive power, and other markets. The CSG segment supplies connectivity and sensor components and systems featuring multiple technologies such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT and MEMS-/BAW-based sensors. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. The company was formed following the merger of RF Micro Devices, founded in 1991, and TriQuint Semiconductor, incorporate

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QRVO Stock News Headlines

Qorvo (NASDAQ: QRVO)
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
Qorvo, Inc. (NASDAQ:QRVO) SVP Sells $408,880.00 in Stock
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
Qorvo (NASDAQ:QRVO) Now Covered by Analysts at StockNews.com
Qorvo, Inc. (NASDAQ:QRVO) CEO Sells $1,548,125.99 in Stock
Q3 2023 Akoustis Technologies Inc Earnings Call
Qorvo (NASDAQ:QRVO) PT Raised to $105.00
See More Headlines

QRVO Price History

QRVO Company Calendar

Last Earnings
5/03/2023
Today
6/01/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:QRVO
Fax
N/A
Employees
8,500
Year Founded
2015

Price Target and Rating

Average Stock Price Forecast
$108.78
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+10.0%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
23 Analysts

Profitability

Net Income
$103.15 million
Pretax Margin
3.49%

Debt

Sales & Book Value

Annual Sales
$3.57 billion
Cash Flow
$8.70 per share
Book Value
$39.53 per share

Miscellaneous

Free Float
98,292,000
Market Cap
$9.77 billion
Optionable
Optionable
Beta
1.45

Social Links


Key Executives

  • Robert A. BruggeworthRobert A. Bruggeworth
    President, Chief Executive Officer & Director
  • Paul J. FegoPaul J. Fego
    Senior Vice President-Global Operations
  • Grant A. Brown
    Chief Financial Officer & Senior Vice President
  • Todd Gillenwater
    Chief Technology Officer & VP-Engineering
  • Steven Eric CrevistonSteven Eric Creviston
    Senior VP, President-Connectivity & Sensors













QRVO Stock - Frequently Asked Questions

Should I buy or sell Qorvo stock right now?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 2 sell ratings, 14 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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.

What is Qorvo's stock price forecast for 2023?

23 analysts have issued 12-month price targets for Qorvo's shares. Their QRVO share price forecasts range from $80.00 to $140.00. On average, they expect the company's share price to reach $108.78 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for QRVO
or view top-rated stocks among Wall Street analysts.

How have QRVO shares performed in 2023?

Qorvo's stock was trading at $90.64 at the start of the year. Since then, QRVO shares have increased by 8.6% and is now trading at $98.44.
View the best growth stocks for 2023 here
.

Are investors shorting Qorvo?

Qorvo saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,230,000 shares, an increase of 22.5% from the April 30th total of 1,820,000 shares. Based on an average trading volume of 1,240,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 2.3% of the shares of the company are sold short.
View Qorvo's Short Interest
.

When is Qorvo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our QRVO earnings forecast
.

How were Qorvo's earnings last quarter?

Qorvo, Inc. (NASDAQ:QRVO) issued its quarterly earnings results on Wednesday, May, 3rd. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.13 by $0.13. The semiconductor company had revenue of $632.70 million for the quarter, compared to analysts' expectations of $621.35 million. Qorvo had a trailing twelve-month return on equity of 12.53% and a net margin of 2.89%. The company's revenue for the quarter was down 45.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.03 earnings per share.
Read the conference call transcript
.

How will Qorvo's stock buyback program work?

Qorvo announced that its board has initiated a share buyback program on Wednesday, November 2nd 2022, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 22.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

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

Qorvo issued an update on its first quarter 2024 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $0.15-$0.15 for the period, compared to the consensus earnings per share estimate of $0.18. The company issued revenue guidance of $620.00 million-$660.00 million, compared to the consensus revenue estimate of $628.28 million.

What is Robert Bruggeworth's approval rating as Qorvo's CEO?

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.

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), Salesforce (CRM), Alibaba Group (BABA), Tesla (TSLA) and Cisco Systems (CSCO).

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 shareholders include BlackRock Inc. (8.48%), State Street Corp (4.69%), Baupost Group LLC MA (4.65%), Boston Partners (2.55%), FIL Ltd (2.46%) and Geode Capital Management LLC (2.15%). 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
.

How do I buy shares of Qorvo?

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.

What is Qorvo's stock price today?

One share of QRVO stock can currently be purchased for approximately $98.44.

How much money does Qorvo make?

Qorvo (NASDAQ:QRVO) has a market capitalization of $9.72 billion and generates $3.57 billion in revenue each year. The semiconductor company earns $103.15 million in net income (profit) each year or $0.92 on an earnings per share basis.

How many employees does Qorvo have?

The company employs 8,500 workers across the globe.

Does Qorvo have any subsidiaries?
The following companies are subsidiares of Qorvo: 7Hugs Labs SAS, Active-Semi (Shanghai) Co. Ltd., Active-Semi Inc, Active-Semi International Inc., Active-Semi International Inc., Amalfi Semiconductor Inc., Cavendish Kinetics, Cavendish Kinetics Inc, Cavendish Kinetics Limited, Custom MMIC, DecaWave, Decawave Inc., Decawave Limited, GreenPeak Technologies, NextInput, NextInput Inc., Premier Devices - A Sirenza Company, Qorvo Asia LLC, Qorvo Beijing Co. Ltd., Qorvo Belgium NV, Qorvo Biotechnologies LLC, Qorvo California Inc., Qorvo Costa Rica S.R.L., Qorvo Denmark ApS, Qorvo Dezhou Co. Ltd., Qorvo Europe Holding Company, Qorvo Finland Oy, Qorvo Germany GmbH, Qorvo Germany Holding GmbH, Qorvo Hong Kong Holding Pvt. Limited, Qorvo Hong Kong Limited, Qorvo International Holding Inc., Qorvo International Pte. Ltd., Qorvo International Services Inc., Qorvo Ireland Holding Limited, Qorvo Japan YK, Qorvo Malaysia Sdn Bhd, Qorvo Munich GmbH, Qorvo Oregon Inc., Qorvo Paris, Qorvo Shanghai Ltd., Qorvo Singapore Pte. Ltd., Qorvo Texas LLC, Qorvo Toulouse SAS, Qorvo UK Limited, Qorvo US Inc., Qorvo Utrecht B.V., Qorvo Vietnam Company Limited, RF Micro Devices, RF Micro Devices Svenska AB, RFMD Infrastructure Product Group Inc., RFMD LLC, Sevenhugs Inc., TriQuint Semiconductor, TriQuint WJ Inc., United Silicon Carbide, United Silicon Carbide Inc., WJ Newco LLC, and Xemod Incorporated.
Read More
How can I contact Qorvo?

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.

This page (NASDAQ:QRVO) was last updated on 6/1/2023 by MarketBeat.com Staff

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