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.

Wall Street Analysts Forecast Growth

QRVO has been the subject of several research analyst reports. Piper Sandler dropped their price target on shares of Qorvo from $135.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday. Morgan Stanley decreased their target price on shares of Qorvo from $120.00 to $109.00 and set an "equal weight" rating for the company in a research note on Thursday. Cowen reduced their price objective on shares of Qorvo from $108.00 to $100.00 and set a "market perform" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Qorvo from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, The Goldman Sachs Group dropped their target price on shares of Qorvo from $126.00 to $107.00 in a report on Friday, July 15th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $132.55.

Qorvo Price Performance

Qorvo stock opened at $106.09 on Monday. The company has a current ratio of 3.30, a quick ratio of 2.12 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $11.00 billion, a PE ratio of 14.36, a P/E/G ratio of 1.70 and a beta of 1.35. Qorvo has a 12 month low of $90.16 and a 12 month high of $198.00. The stock has a 50-day moving average price of $101.37 and a two-hundred day moving average price of $114.96.

Insider Buying and Selling at Qorvo

In other Qorvo news, Director Jeffery R. Gardner sold 1,000 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $110.57, for a total value of $110,570.00. Following the completion of the transaction, the director now directly owns 31,793 shares in the company, valued at $3,515,352.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Qorvo news, Director Jeffery R. Gardner sold 1,000 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $110.57, for a total value of $110,570.00. Following the completion of the transaction, the director now directly owns 31,793 shares in the company, valued at $3,515,352.01. The transaction 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 the stock in a transaction dated 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 transaction, the director now owns 5,595 shares of the company's stock, valued at $532,979.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,070 shares of company stock worth $2,055,769. 0.45% of the stock is currently owned by insiders.