NASDAQ:QRVO - Qorvo Stock Price, Forecast & News

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

Qorvo Inc (NASDAQ:QRVO) issued its earnings results on Wednesday, January, 29th. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.46 by $0.40. The semiconductor company had revenue of $869.10 million for the quarter, compared to analysts' expectations of $852.62 million. Qorvo had a net margin of 11.03% and a return on equity of 14.97%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $1.85 earnings per share. View Qorvo's Earnings History.

Qorvo is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Qorvo.

Qorvo issued an update on its fourth quarter earnings guidance on Wednesday, January, 29th. The company provided earnings per share (EPS) guidance of $1.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.08. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $726.11 million.

20 brokers have issued 12-month target prices for Qorvo's shares. Their forecasts range from $74.00 to $150.00. On average, they expect Qorvo's share price to reach $113.94 in the next year. This suggests a possible upside of 7.5% from the stock's current price. View Analyst Price Targets for Qorvo.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 7 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Qorvo.

News articles about QRVO stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Qorvo earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave news headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Qorvo.

Qorvo saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 4,910,000 shares, an increase of 44.4% from the January 15th total of 3,400,000 shares. Based on an average daily trading volume, of 1,782,100 shares, the short-interest ratio is presently 2.8 days. Currently, 4.3% of the company's shares are sold short. View Qorvo's Current Options Chain.

Some companies that are related to Qorvo include Analog Devices (ADI), TOKYO ELECTRON/ADR (TOELY), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), STMicroelectronics (STM), Microchip Technology (MCHP), Kyocera (KYOCY), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), ASE Technology (ASX), Advantest (ATEYY), Semiconductor Manufacturing International (SMICY) and ON Semiconductor (ON).

Based on aggregate information from My MarketBeat watchlists, some companies that other Qorvo investors own include Skyworks Solutions (SWKS), NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Walt Disney (DIS), TriQuint Semiconductor (TQNT), Intel (INTC) and Netflix (NFLX).

Qorvo's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (4.45%), Boston Partners (3.12%), Baupost Group LLC MA (2.38%), AQR Capital Management LLC (2.02%), Renaissance Technologies LLC (1.69%) and FMR LLC (1.60%). Company insiders that own Qorvo stock include Daniel A Dileo, David H Y Ho, Gina Harrison, James L Klein, John R Harding, Mark J Murphy, Ralph Quinsey, 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 Baupost Group LLC MA, Iridian Asset Management LLC CT, Panagora Asset Management Inc., UBS Asset Management Americas Inc., FMR LLC, Robecosam AG, Thornburg Investment Management Inc. and Todd Asset Management LLC. Company insiders that have sold Qorvo company stock in the last year include David H Y Ho, Gina Harrison, James L Klein, John R Harding, Mark J Murphy, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Susan Louise Spradley and Walter H Wilkinson. View Insider Buying and Selling for Qorvo.

QRVO stock was acquired by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Renaissance Technologies LLC, ANTIPODES PARTNERS Ltd, Crawford Lake Capital Management LLC, Los Angeles Capital Management & Equity Research Inc., Russell Investments Group Ltd., Bank of New York Mellon Corp and State of Tennessee Treasury Department. View Insider Buying and Selling for Qorvo.

Shares of QRVO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of QRVO stock can currently be purchased for approximately $106.02.

Qorvo has a market capitalization of $12.26 billion and generates $3.09 billion in revenue each year. The semiconductor company earns $133.13 million in net income (profit) each year or $5.25 on an earnings per share basis. Qorvo employs 8,100 workers across the globe.View Additional Information About Qorvo.

The official website for Qorvo is http://www.qorvo.com/.

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]