Qorvo Stock Forecast, Price & News

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.
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Qorvo saw a increase in short interest in the month of February. As of February 12th, there was short interest totaling 2,820,000 shares, an increase of 56.7% from the January 28th total of 1,800,000 shares. Based on an average daily volume of 1,380,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.5% of the company's stock are short sold.
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Qorvo is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Qorvo.

Qorvo, Inc. (NASDAQ:QRVO) announced its quarterly earnings data on Wednesday, February, 3rd. The semiconductor company reported $3.08 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.60. The semiconductor company had revenue of $1.09 billion for the quarter, compared to analysts' expectations 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 was up 26.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 earnings per share.
View Qorvo's earnings history.

Qorvo's stock was trading at $89.42 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, QRVO stock has increased by 91.7% and is now trading at $171.42.
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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 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.

22 analysts have issued 12-month 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 year. This suggests a possible upside of 3.6% from the stock's current price.
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90 employees have rated Qorvo CEO Robert Bruggeworth on Glassdoor.com. Robert Bruggeworth has an approval rating of 72% among Qorvo's employees.

Some companies that are related to Qorvo include Tokyo Electron (TOELY), Analog Devices (ADI), Infineon Technologies (IFNNY), NXP Semiconductors (NXPI), Microchip Technology (MCHP), STMicroelectronics (STM), Xilinx (XLNX), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Kyocera (KYOCY), Maxim Integrated Products (MXIM), United Microelectronics (UMC), Enphase Energy (ENPH), Semiconductor Manufacturing International (SMICY) and ON Semiconductor (ON).
View all of QRVO's competitors.

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).

Qorvo trades on the NASDAQ under the ticker symbol "QRVO."

Qorvo's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.95%), Baupost Group LLC MA (3.92%), Boston Partners (3.54%), Northern Trust Corp (1.29%), UBS Asset Management Americas Inc. (1.22%) and Norges Bank (1.19%). 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, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Susan Louise Spradley and Walter H Wilkinson.
View institutional ownership trends for Qorvo.

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.

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

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.
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One share of QRVO stock can currently be purchased for approximately $171.42.

Qorvo has a market capitalization of $19.42 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.

Qorvo employs 7,900 workers across the globe.

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.

Qorvo was founded in 2015.

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

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

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]