Qorvo Stock Forecast, Price & News

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 shares have increased by 67.9% and is now trading at $150.11.
View which stocks have been most impacted by COVID-19.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 4 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Qorvo.

Wall Street analysts have given Qorvo a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Qorvo wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Qorvo is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Qorvo.

Qorvo, Inc. (NASDAQ:QRVO) issued its quarterly earnings data on Wednesday, November, 4th. The semiconductor company reported $2.43 EPS for the quarter, topping the Zacks' consensus estimate of $1.94 by $0.49. The semiconductor company earned $1.06 billion during the quarter, compared to analysts' expectations of $1.01 billion. Qorvo had a return on equity of 16.10% and a net margin of 12.05%. The business's revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the company earned $1.52 earnings per share.
View Qorvo's earnings history.

Qorvo updated its third quarter earnings guidance on Wednesday, November, 4th. The company provided EPS guidance of $2.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.71. The company issued revenue guidance of $1.045-1.075 billion, compared to the consensus revenue estimate of $928.49 million.

21 equities research analysts have issued 1 year price targets for Qorvo's shares. Their forecasts range from $109.00 to $200.00. On average, they anticipate Qorvo's stock price to reach $154.63 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
View analysts' price targets for Qorvo.

Qorvo saw a decrease in short interest in October. As of October 30th, there was short interest totaling 2,210,000 shares, a decrease of 17.2% from the October 15th total of 2,670,000 shares. Based on an average trading volume of 1,200,000 shares, the short-interest ratio is presently 1.8 days. Currently, 2.0% of the company's shares are sold short.
View Qorvo's Short Interest.

Some companies that are related to Qorvo include Tokyo Electron (TOELY), Analog Devices (ADI), Infineon Technologies (IFNNY), NXP Semiconductors (NXPI), STMicroelectronics (STM), Microchip Technology (MCHP), Xilinx (XLNX), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Kyocera (KYOCY), Enphase Energy (ENPH), United Microelectronics (UMC), Monolithic Power Systems (MPWR) and SolarEdge Technologies (SEDG).
View all 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.89%), State Street Corp (4.40%), Boston Partners (3.74%), Baupost Group LLC MA (2.60%), AQR Capital Management LLC (1.28%) and Neuberger Berman Group LLC (1.26%). 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, 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 Boston Partners, AQR Capital Management LLC, Charles Schwab Investment Management Inc., Arrowstreet Capital Limited Partnership, Neuberger Berman Group LLC, Robecosam AG, Baupost Group LLC MA, and State Street Corp. 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.

QRVO stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Point72 Asset Management L.P., Great West Life Assurance Co. Can, Wells Fargo & Company MN, UBS Asset Management Americas Inc., AXA S.A., Polar Asset Management Partners Inc., and Standard Life Aberdeen plc.
View insider buying and selling activity 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 $150.11.

Qorvo has a market capitalization of $17.12 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 official website for Qorvo is 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]