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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NASDAQ:QRVO

Qorvo Stock Forecast, Price & News

$92.47
-1.85 (-1.96%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$90.18
$94.06
50-Day Range
$92.47
$120.07
52-Week Range
$90.18
$201.46
Volume
1.25 million shs
Average Volume
1.38 million shs
Market Capitalization
$9.59 billion
P/E Ratio
10.00
Dividend Yield
N/A
Price Target
$156.19

Qorvo MarketRank™ Forecast

Analyst Rating
Hold
2.32 Rating Score
Upside/​Downside
68.9% Upside
$156.19 Price Target
Short Interest
Healthy
2.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
0.54mentions of Qorvo in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$2.06 M Sold Last Quarter
Proj. Earnings Growth
19.69%
From $9.65 to $11.55 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.48 out of 5 stars

Computer And Technology Sector

112th out of 936 stocks

Semiconductors & Related Devices Industry

23rd out of 124 stocks

30 days | 90 days | 365 days | Advanced Chart

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Qorvo logo

About Qorvo (NASDAQ:QRVO) Stock

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.

QRVO Stock News Headlines

Mizuho Cuts Qorvo (NASDAQ:QRVO) Price Target to $110.00
Qorvo (NASDAQ:QRVO) Upgraded by StockNews.com to Buy
Qorvo (NASDAQ:QRVO) Upgraded by StockNews.com to "Buy"
See More Headlines

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:QRVO
Fax
N/A
Employees
8,900
Year Founded
2015

Company Calendar

Last Earnings
5/04/2022
Today
7/03/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
3/31/2023

Price Target and Rating

Average Stock Price Forecast
$156.19
High Stock Price Forecast
$230.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
+68.9%
Consensus Rating
Hold
Rating Score (0-4)
2.31818181818182
Research Coverage
22 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
25.42%

Debt

Sales & Book Value

Annual Sales
$4.65 billion
Cash Flow
$15.36 per share
Book Value
$41.99 per share

Miscellaneous

Free Float
103,188,000
Market Cap
$9.59 billion
Optionable
Optionable
Beta
1.36

Social Links















Qorvo Frequently Asked Questions

Should I buy or sell Qorvo stock right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 1 sell rating, 13 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Qorvo stock. 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 analyst ratings for Qorvo
or view top-rated stocks.

What is Qorvo's stock price forecast for 2022?

22 equities research analysts have issued 1 year price targets for Qorvo's stock. Their QRVO stock forecasts range from $95.00 to $230.00. On average, they predict Qorvo's share price to reach $156.19 in the next twelve months. This suggests a possible upside of 68.9% from the stock's current price.
View analysts' price targets for Qorvo
or view top-rated stocks among Wall Street analysts.

How has Qorvo's stock performed in 2022?

Qorvo's stock was trading at $156.39 at the start of the year. Since then, QRVO shares have decreased by 40.9% and is now trading at $92.47.
View the best growth stocks for 2022 here
.

When is Qorvo's next earnings date?

Qorvo is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Qorvo
.

How were Qorvo's earnings last quarter?

Qorvo, Inc. (NASDAQ:QRVO) issued its earnings results on Wednesday, May, 4th. The semiconductor company reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.32. The semiconductor company earned $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. Qorvo had a trailing twelve-month return on equity of 28.07% and a net margin of 22.24%. Qorvo's quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.59 EPS.
View Qorvo's earnings history
.

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

Qorvo issued an update on its first quarter 2023 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $2.00-$2.25 for the period, compared to the consensus EPS estimate of $2.78. The company issued revenue guidance of $1.00 billion-$1.05 billion, compared to the consensus revenue estimate of $1.13 billion.

Who are Qorvo's key executives?

Qorvo's management team includes the following people:

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.

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."

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 $92.47.

How much money does Qorvo make?

Qorvo (NASDAQ:QRVO) has a market capitalization of $9.59 billion and generates $4.65 billion in revenue each year. The semiconductor company earns $1.03 billion in net income (profit) each year or $9.25 on an earnings per share basis.

How many employees does Qorvo have?

Qorvo employs 8,900 workers across the globe.

Does Qorvo have any subsidiaries?

The following companies are subsidiares of Qorvo: Active-Semi International Inc., Amalfi Semiconductor Inc., Cavendish Kinetics, DecaWave, GreenPeak Technologies, 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 Japan YK, Qorvo Korea Ltd., Qorvo Malaysia Sdn Bhd, Qorvo Munich GmbH, Qorvo Netherlands B.V., Qorvo Netherlands Holding B.V., Qorvo Oregon Inc., Qorvo Shanghai Ltd., Qorvo Singapore Pte. Ltd., Qorvo Texas LLC, Qorvo UK Ltd., Qorvo US Inc., Qorvo Utrecht B.V., RF Micro Devices, RF Micro Devices Svenska AB, RFMD (UK) Limited, RFMD Infrastructure Product Group Inc., RFMD LLC, TriQuint Semiconductor, TriQuint WJ Inc., WJ Newco LLC, and Xemod Incorporated.
Read More

When was Qorvo founded?

Qorvo was founded in 2015.

How can I contact Qorvo?

Qorvo's mailing address is 7628 THORNDIKE ROAD, GREENSBORO NC, 27409. The official website for Qorvo 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 7/3/2022 by MarketBeat.com Staff

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