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: 0.54
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

3.2 Analyst's Opinion

Consensus Rating
Qorvo has received a consensus rating of Hold. The company's average rating score is 2.32, and is based on 8 buy ratings, 13 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $156.19, Qorvo has a forecasted upside of 68.9% from its current price of $92.47.
Amount of Analyst Coverage
Qorvo has only been the subject of 4 research reports in the past 90 days.

3.0 Short Interest

Percentage of Shares Shorted
2.59% of the float of Qorvo has been sold short.
Short Interest Ratio / Days to Cover
Qorvo has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Qorvo has recently increased by 3.80%, indicating that investor sentiment is decreasing.

0.0 Dividend Strength

Dividend Yield
Qorvo does not currently pay a dividend.
Dividend Growth
Qorvo does not have a long track record of dividend growth.

2.5 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Qorvo has received a 38.45% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Network switches", "Network signal amplifiers", and "Transistors" products. See details.
Environmental Sustainability
The Environmental Impact score for Qorvo is -0.86.

1.4 News and Social Media Coverage

News Sentiment
Qorvo has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Qorvo this week, compared to 5 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 2 reddit mentions for Qorvo this week, compared to 0 mentions on an average week.
Search Interest
Only 7 people have searched for QRVO on MarketBeat in the last 30 days. This is a decrease of -65% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Qorvo to their MarketBeat watchlist in the last 30 days. This is a decrease of -53% compared to the previous 30 days.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Qorvo insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,055,769.00 in company stock.
Percentage Held by Insiders
Only 0.52% of the stock of Qorvo is held by insiders.
Percentage Held by Institutions
85.87% of the stock of Qorvo is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Qorvo are expected to grow by 19.69% in the coming year, from $9.65 to $11.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Qorvo is 10.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 61.77.
Price to Earnings Ratio vs. Sector
The P/E ratio of Qorvo is 10.00, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 118.48.
Price to Earnings Growth Ratio
Qorvo has a PEG Ratio of 0.96. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Qorvo has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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.

June 26, 2022 | finance.yahoo.com

Is Now The Time To Look At Buying Qorvo, Inc. (NASDAQ:QRVO)?

June 25, 2022 | seekingalpha.com

Qorvo And Skyworks Stock: Unfavorable Risk-Reward (QRVO, SWKS) - Seeking Alpha

June 23, 2022 | americanbankingnews.com

Qorvo, Inc. (NASDAQ:QRVO) Director Roderick Nelson Sells 4,761 Shares

June 23, 2022 | americanbankingnews.com

Mizuho Cuts Qorvo (NASDAQ:QRVO) Price Target to $110.00

June 17, 2022 | americanbankingnews.com

Qorvo (NASDAQ:QRVO) Upgraded by StockNews.com to Buy

June 15, 2022 | seekingalpha.com

Qorvo receives Department of Defense Advanced RF Gallium Nitride program - Seeking Alpha

June 15, 2022 | finance.yahoo.com

Qorvo® Awarded Department of Defense Advanced RF Gallium Nitride Program - Yahoo Finance

June 15, 2022 | finance.yahoo.com

Qorvo® Awarded Department of Defense Advanced RF Gallium Nitride Program

June 10, 2022 | uk.finance.yahoo.com

Outlook on the Small Cell Power Amplifier Global Market to 2027 - Low-Power Consumption, Small Size and Higher Bandwidth Presents Opportunities - Yahoo Finance UK

June 9, 2022 | finance.yahoo.com

Qorvo® Announces Market-Leading Satcom MMIC Power Amplifier - Yahoo Finance

June 8, 2022 | americanbankingnews.com

Qorvo (NASDAQ:QRVO) Upgraded by StockNews.com to "Buy"

June 7, 2022 | globenewswire.com

Qorvo® Announces Market-Leading Satcom MMIC Power Amplifier - GlobeNewswire

June 5, 2022 | nasdaq.com

Why Is Qorvo (QRVO) Up 4.2% Since Last Earnings Report? - Nasdaq

May 31, 2022 | thestreet.com

Qorvo, Micron Among B of A's Cash-Flow-Strong, Hurt Tech Stocks - TheStreet

May 23, 2022 | seekingalpha.com

Qorvo, Inc. (QRVO) J.P. Morgan's 50th Annual Global Technology, Media and Communications Conference (Transcript) - Seeking Alpha

May 18, 2022 | nasdaq.com

1 Dirt-Cheap Nasdaq Growth Stock Worth Buying Right Away - Nasdaq

May 18, 2022 | fool.com

1 Dirt-Cheap Nasdaq Growth Stock Worth Buying Right Away - The Motley Fool

May 16, 2022 | benzinga.com

Qorvo® to Present at the J.P. Morgan 50th Annual Global Technology, Media & Communications Conference - B - Benzinga

May 12, 2022 | finance.yahoo.com

Should You Be Adding Qorvo (NASDAQ:QRVO) To Your Watchlist Today? - Yahoo Finance

May 6, 2022 | benzinga.com

UBS Maintains Neutral on Qorvo, Lowers Price Target to $135 - Benzinga - Benzinga

May 5, 2022 | benzinga.com

Raymond James Maintains Outperform on Qorvo, Lowers Price Target to $155 - Benzinga - Benzinga

May 5, 2022 | seekingalpha.com

Qorvo stock slips after PT cut by certain analysts as China's lockdown weigh on Q1 outlook - Seeking Alpha

May 5, 2022 | finance.yahoo.com

Qorvo (QRVO) Beats Q4 Earnings Estimates on Top-Line Growth

May 5, 2022 | streetinsider.com

Qorvo (QRVO) Stock Drops as China Weighs on Outlook, Analysts Lower Price Targets - StreetInsider.com

May 5, 2022 | globenewswire.com

Qorvo® Announces Fiscal 2022 Fourth Quarter Financial Results - GlobeNewswire

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:QRVO
CUSIP: N/A
CIK: 1604778
Web: www.qorvo.com
Phone: (336) 664-1233
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

EPS (Most Recent Fiscal Year): $9.25
Trailing P/E Ratio: 10.00
Forward P/E Ratio: 9.58
P/E Growth: 0.96
Net Income: $1.03 billion
Net Margins: 22.24%
Pretax Margin: 25.42%
Return on Equity: 28.07%
Return on Assets: 17.41%

Debt

Debt-to-Equity Ratio: 0.45
Current Ratio: 3.63
Quick Ratio: 2.51

Sales & Book Value

Annual Sales: $4.65 billion
Price / Sales: 2.06
Cash Flow: $15.36 per share
Price / Cash Flow: 6.02
Book Value: $41.99 per share
Price / Book: 2.20

Miscellaneous

Outstanding Shares: 103,730,000
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:
Mr. Robert A. Bruggeworth, Pres, CEO & Director (Age 61, Pay $3.02M) (LinkedIn Profile)
Mr. Paul J. Fego, Corp. VP of Global Operations (Age 64, Pay $1.17M) (LinkedIn Profile)
Mr. Steven Eric Creviston, Pres of Mobile Products (Age 58, Pay $1.3M) (LinkedIn Profile)
Mr. Grant A. Brown, Interim CFO & VP of Treasury
Mr. Douglas DeLieto, VP of Investor Relations
Mr. Jason K. Givens, 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
Ms. Gina B. Harrison, VP & Corp. Controller (Age 54)
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?: Some companies that are related to Qorvo include NXP Semiconductors (NXPI), Marvell Technology (MRVL), Microchip Technology (MCHP), STMicroelectronics (STM), Enphase Energy (ENPH), GLOBALFOUNDRIES (GFS), ON Semiconductor (ON), Monolithic Power Systems (MPWR), United Microelectronics (UMC), Semiconductor Manufacturing International (SMICY), SolarEdge Technologies (SEDG), Skyworks Solutions (SWKS), ASE Technology (ASX), Advantest (ATEYY) and First Solar (FSLR).
View all of QRVO's 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 (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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Qorvo Stock Forecast, Price & News

Qorvo MarketRank™ Forecast

Overall MarketRank™

3.2 Analyst's Opinion

3.0 Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

0.0 Dividend Strength

2.5 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

1.4 News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows

2.5 Company Ownership

3.8 Earnings and Valuation

Receive QRVO Stock News and Ratings via Email

About Qorvo (NASDAQ:QRVO) Stock

QRVO Stock News Headlines

Industry, Sector and Symbol

Company Calendar

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Qorvo Frequently Asked Questions

Should I buy or sell Qorvo stock right now?

What is Qorvo's stock price forecast for 2022?

How has Qorvo's stock performed in 2022?

When is Qorvo's next earnings date?

How were Qorvo's earnings last quarter?

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

Who are Qorvo's key executives?

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

Who are some of Qorvo's key competitors?

What other stocks do shareholders of Qorvo own?

What is Qorvo's stock symbol?

How do I buy shares of Qorvo?

What is Qorvo's stock price today?

How much money does Qorvo make?

How many employees does Qorvo have?

Does Qorvo have any subsidiaries?

When was Qorvo founded?

How can I contact Qorvo?

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