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NASDAQ:QRVO

Qorvo Stock Forecast, Price & News

$168.95
-10.20 (-5.69 %)
(As of 02/25/2021 05:09 PM ET)
Add
Compare
Today's Range
$167.69
Now: $168.95
$177.35
50-Day Range
$165.64
MA: $176.22
$186.03
52-Week Range
$67.54
Now: $168.95
$191.82
Volume1.74 million shs
Average Volume1.52 million shs
Market Capitalization$19.14 billion
P/E Ratio44.46
Dividend YieldN/A
Beta1.51
Qorvo, Inc. develops and commercializes technologies and products for wireless and wired connectivity worldwide. The company operates in two segments, Mobile Products, and Infrastructure and Defense Products. The company offers integrated modules incorporating switches, power amplifiers, filters and duplexers, antenna tuners, RF power management integrated circuits, multimode/multi-band PAs and transmit modules, antenna-plexers, discrete filters and duplexers, discrete switches, and UWB system solutions, as well as envelope tracking power management solutions, antenna control solutions, and UWB system solutions supporting secure, low power, location, and communication services. It also provides integrated solutions that include switch-LNA modules, variable gain amplifiers, and integrated PA Doherty modules for massive multiple-input/multiple-output systems; RF products and compound semiconductor foundry services to defense primes and other global defense and aerospace customers; Wi-Fi customer premises equipment, including power amplifiers, switches, low noise amplifiers, and bulk acoustic wave filters; system-on-a-chip hardware, firmware, and application software for smart home applications; automotive RF connectivity products and metal oxide semiconductor based UWB chip and module system solutions; and power application controllers and programmable analog power ICs. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.
Qorvo logo

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
Current SymbolNASDAQ:QRVO
CUSIPN/A
Phone336-664-1233
Employees7,900
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.24 billion
Cash Flow$9.33 per share
Book Value$37.11 per share

Profitability

Net Income$334.33 million

Miscellaneous

Market Cap$19.14 billion
Next Earnings Date5/6/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.76 out of 5 stars

Computer And Technology Sector

156th out of 1,516 stocks

Semiconductors & Related Devices Industry

27th out of 147 stocks

Analyst Opinion: 2.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$168.95
-10.20 (-5.69 %)
(As of 02/25/2021 05:09 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Qorvo (NASDAQ:QRVO) Frequently Asked Questions

Is Qorvo a buy right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last twelve months. There are currently 6 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Qorvo stock.
View analyst ratings for Qorvo
or view top-rated stocks.

What stocks does MarketBeat like better than Qorvo?

Wall Street analysts have given Qorvo a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Qorvo wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Qorvo's next earnings date?

Qorvo is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Qorvo
.

How were Qorvo's earnings last quarter?

Qorvo, Inc. (NASDAQ:QRVO) announced its quarterly earnings data on Wednesday, February, 3rd. The semiconductor company reported $3.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.60. The semiconductor company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. Qorvo had a net margin of 12.71% and a trailing twelve-month return on equity of 18.08%. The company's revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.86 earnings per share.
View Qorvo's earnings history
.

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

Qorvo's stock was trading at $89.42 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, QRVO stock has increased by 88.9% and is now trading at $168.95.
View which stocks have been most impacted by COVID-19
.

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

Qorvo updated its fourth quarter earnings guidance on Wednesday, February, 3rd. The company provided earnings per share guidance of $2.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.31. The company issued revenue guidance of $1.025-1.055 billion, compared to the consensus revenue estimate of $945.55 million.

What price target have analysts set for QRVO?

22 equities research analysts have issued 1 year price targets for Qorvo's stock. Their forecasts range from $109.00 to $225.00. On average, they anticipate Qorvo's share price to reach $177.62 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price.
View analysts' price targets for Qorvo
or view top-rated stocks among Wall Street analysts.

Who are Qorvo's key executives?

Qorvo's management team includes the following people:
  • Mr. Robert A. Bruggeworth, Pres, CEO & Director (Age 60, Pay $1.39M)
  • Mr. Mark J. Murphy, Chief Financial Officer (Age 53, Pay $723.25k)
  • Mr. Paul J. Fego, Corp. VP of Global Operations (Age 63, Pay $640k)
  • Mr. James L. Klein, Corp. VP and Pres of Infrastructure & Defense Products (Age 56, Pay $648.97k)
  • Mr. Steven E. Creviston, Corp. VP & Pres of Mobile Products (Age 57, Pay $709.27k)
  • Mr. Douglas DeLieto, VP of Investor Relations
  • Mr. Jason K. Givens, Corp. VP, Gen. Counsel & Corp. Sec.
  • Mr. Brent Dietz, Director of Corp. Communications
  • Ms. Brandi Frye, Corp. VP of Marketing
  • Ms. Debra Howard, Chief HR Officer & Corp. VP

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

90 employees have rated Qorvo CEO Robert Bruggeworth on Glassdoor.com. Robert Bruggeworth has an approval rating of 72% among Qorvo's employees.

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), salesforce.com (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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.95%), Baupost Group LLC MA (3.92%), Boston Partners (3.54%), Northern Trust Corp (1.29%), Dimensional Fund Advisors LP (1.18%) and Iridian Asset Management LLC CT (0.87%). 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 major investors are selling Qorvo stock?

QRVO stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Janus Henderson Group PLC, Boston Partners, Assenagon Asset Management S.A., Todd Asset Management LLC, Sumitomo Mitsui Trust Holdings Inc., Northern Trust Corp, and Thornburg Investment Management Inc.. Company insiders that have sold Qorvo company stock in the last year include Gina Harrison, James L Klein, Mark J Murphy, Paul J Fego, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, and Walter H Wilkinson.
View insider buying and selling activity for Qorvo
or view top insider-selling stocks.

Which major investors are buying Qorvo stock?

QRVO stock was purchased by a variety of institutional investors in the last quarter, including Baupost Group LLC MA, Select Equity Group L.P., Morgan Stanley, Canada Pension Plan Investment Board, Senvest Management LLC, KBC Group NV, Robeco Institutional Asset Management B.V., and Mondrian Capital Management LLC.
View insider buying and selling activity for Qorvo
or or view top insider-buying stocks.

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 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 $168.95.

How much money does Qorvo make?

Qorvo has a market capitalization of $19.14 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.

How many employees does Qorvo have?

Qorvo employs 7,900 workers across the globe.

What is Qorvo's official website?

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

Where are Qorvo's headquarters?

Qorvo is headquartered at 7628 THORNDIKE ROAD, GREENSBORO NC, 27409.

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 2/25/2021 by MarketBeat.com Staff

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