Qorvo - QRVO Stock Forecast, Price & News

Qorvo, Inc. develops and commercializes technologies and products for wireless, wired, and power markets worldwide. The company operates through two segments, Mobile Products, and Infrastructure and Defense Products. It offers mobile devices, such as smartphones, wearables, laptops, tablets and other devices; radio frequency power management integrated circuits, ultra-wideband (UWB) system-on-a-chip (SoC) and system-in-package (SiP) solutions, MEMS-based sensors, antenna tuners, and antennaplexers, as well as discrete multiplexers, duplexers, filters, and switches; and cellular base stations include switch-low noise amplifier (LNA) modules, variable gain amplifiers, integrated power amplifier (PA) Doherty modules, discrete LNAs, and high power GaN amplifiers. The company's also provides SiC products, such as Schottky diodes and transistors for automotive, industrial, IT infrastructure and renewable energy markets; SoC hardware, firmware, and application software for smart home applications; power management solutions include programmable power management integrated circuits (ICs) and power application controllers; RF products and compound semiconductor foundry services to defense primes and other global defense and aerospace customers; RF connectivity and UWB SoC solutions for automotive connectivity; and Wi-Fi products, such as PAs, switches, LNAs and bulk acoustic wave filters, as well as integrated solutions including front end modules (FEMs) and integrated FEMs. It sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. The company was founded in 1957 and is headquartered in Greensboro, North Carolina.

Qorvo Stock Down 0.9 %

Qorvo stock opened at $107.91 on Wednesday. Qorvo has a 1-year low of $90.16 and a 1-year high of $192.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.30 and a quick ratio of 2.12. The stock has a market cap of $11.14 billion, a PE ratio of 14.60, a P/E/G ratio of 2.44 and a beta of 1.35. The stock's fifty day moving average is $100.91 and its two-hundred day moving average is $113.86.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Susquehanna Bancshares dropped their price objective on Qorvo to $115.00 in a report on Monday, July 25th. Mizuho lowered their target price on Qorvo from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, August 4th. Bank of America cut Qorvo from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $125.00 to $95.00 in a report on Wednesday, June 29th. The Goldman Sachs Group reduced their price target on Qorvo from $126.00 to $107.00 in a research report on Friday, July 15th. Finally, Cowen reduced their price target on Qorvo from $108.00 to $100.00 and set a "market perform" rating for the company in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $132.55.

Insider Buying and Selling at Qorvo

In other news, Director Roderick Nelson sold 4,761 shares of Qorvo stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $95.26, for a total transaction of $453,532.86. Following the sale, the director now owns 5,595 shares in the company, valued at $532,979.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Qorvo news, VP Paul J. Fego sold 3,403 shares of Qorvo stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $97.38, for a total value of $331,384.14. Following the sale, the vice president now owns 31,073 shares of the company's stock, valued at approximately $3,025,888.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roderick Nelson sold 4,761 shares of Qorvo stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $95.26, for a total value of $453,532.86. Following the completion of the sale, the director now directly owns 5,595 shares in the company, valued at approximately $532,979.70. The disclosure for this sale can be found here. Insiders have sold a total of 16,602 shares of company stock worth $1,707,506 over the last ninety days. Corporate insiders own 0.45% of the company's stock.