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NASDAQ:QRVO

Qorvo - QRVO Stock Forecast, Price & News

$98.75
+3.33 (+3.49%)
(As of 12/8/2022 03:46 PM ET)
Add
Compare
Today's Range
$95.65
$99.18
50-Day Range
$78.34
$99.25
52-Week Range
$75.38
$163.79
Volume
41,096 shs
Average Volume
1.12 million shs
Market Capitalization
$10.01 billion
P/E Ratio
15.50
Dividend Yield
N/A
Price Target
$106.78

Qorvo MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
8.6% Upside
$106.78 Price Target
Short Interest
Healthy
3.33% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
0.68mentions of Qorvo in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$206,118 Sold Last Quarter
Proj. Earnings Growth
10.18%
From $5.11 to $5.63 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Computer And Technology Sector

304th out of 621 stocks

Semiconductors & Related Devices Industry

37th out of 91 stocks

QRVO stock logo

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.

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QRVO Stock News Headlines

Qorvo Announces $2 Billion Share Repurchase Program
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QRVO Company Calendar

Last Earnings
11/02/2022
Today
12/08/2022
Next Earnings (Estimated)
2/01/2023
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:QRVO
Fax
N/A
Employees
8,900
Year Founded
2015

Price Target and Rating

Average Stock Price Forecast
$106.78
High Stock Price Forecast
$180.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+8.1%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
22 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
19.16%

Debt

Sales & Book Value

Annual Sales
$4.65 billion
Cash Flow
$15.85 per share
Book Value
$41.99 per share

Miscellaneous

Free Float
100,933,000
Market Cap
$10.01 billion
Optionable
Optionable
Beta
1.38

Social Links


Key Executives

  • Mr. Robert A. BruggeworthMr. Robert A. Bruggeworth (Age 61)
    Pres, CEO & Director
    Comp: $2.42M
  • Mr. Paul J. FegoMr. Paul J. Fego (Age 64)
    Sr. VP of Global Operations
    Comp: $948.02k
  • Mr. Steven CrevistonMr. Steven Creviston (Age 58)
    Sr. VP and Pres of Connectivity & Sensors
    Comp: $1.04M
  • Mr. Philip Chesley (Age 51)
    Sr. VP & Pres of High Performance Analog
    Comp: $531.56k
  • Mr. Grant A. Brown (Age 45)
    Sr. VP & CFO
  • Mr. Douglas DeLieto
    VP of Investor Relations
  • Mr. Jason K. Givens
    Sr. VP, Gen. Counsel & Sec.
  • Mr. Brent Dietz
    Director of Corp. Communications
  • Mr. David Fullwood
    Sr. VP of Sales & Marketing
  • Ms. Debra Howard
    Sr. VP & Chief HR Officer













QRVO Stock - 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 2 sell ratings, 15 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" QRVO shares. 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 QRVO analyst ratings
or view top-rated stocks.

What is Qorvo's stock price forecast for 2023?

22 brokers have issued twelve-month target prices for Qorvo's stock. Their QRVO share price forecasts range from $80.00 to $180.00. On average, they expect the company's stock price to reach $106.78 in the next year. This suggests a possible upside of 8.2% from the stock's current price.
View analysts price targets for QRVO
or view top-rated stocks among Wall Street analysts.

How have QRVO shares performed in 2022?

Qorvo's stock was trading at $156.39 on January 1st, 2022. Since then, QRVO shares have decreased by 36.9% and is now trading at $98.69.
View the best growth stocks for 2022 here
.

Are investors shorting Qorvo?

Qorvo saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,350,000 shares, an increase of 15.9% from the October 31st total of 2,890,000 shares. Based on an average daily volume of 1,350,000 shares, the short-interest ratio is presently 2.5 days. Approximately 3.3% of the shares of the company are sold short.
View Qorvo's Short Interest
.

When is Qorvo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our QRVO earnings forecast
.

How were Qorvo's earnings last quarter?

Qorvo, Inc. (NASDAQ:QRVO) posted its earnings results on Wednesday, November, 2nd. The semiconductor company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.38. The semiconductor company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. Qorvo had a trailing twelve-month return on equity of 24.47% and a net margin of 15.34%. The company's revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.22 earnings per share.
Read the conference call transcript
.

How will Qorvo's stock buyback program work?

Qorvo announced that its Board of Directors has authorized a stock repurchase program on Wednesday, November 2nd 2022, which authorizes the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 22.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.

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

Qorvo updated its third quarter 2023 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $0.50-$0.75 for the period, compared to the consensus estimate of $1.69. The company issued revenue guidance of $700.00 million-$750.00 million, compared to the consensus revenue estimate of $989.01 million.

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

90 employees have rated Qorvo Chief Executive Officer Robert Bruggeworth on Glassdoor.com. Robert Bruggeworth has an approval rating of 72% among the company's employees.

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."

Who are Qorvo's major shareholders?

Qorvo's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.78%), BlackRock Inc. (8.12%), Baupost Group LLC MA (6.68%), Boston Partners (4.80%), State Street Corp (4.60%) and LSV Asset Management (1.69%). Insiders that own company stock include Frank P Stewart, Gina Harrison, James L Klein, James L Klein, Jeffery R Gardner, John R Harding, Mark J Murphy, Paul J Fego, Robert A Bruggeworth, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston and Walter H Wilkinson.
View institutional ownership trends
.

How do I buy shares of Qorvo?

Shares of QRVO stock 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 $98.69.

How much money does Qorvo make?

Qorvo (NASDAQ:QRVO) has a market capitalization of $10.01 billion and generates $4.65 billion in revenue each year. The semiconductor company earns $1.03 billion in net income (profit) each year or $6.37 on an earnings per share basis.

How many employees does Qorvo have?

The company 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
How can I contact Qorvo?

Qorvo's mailing address is 7628 THORNDIKE ROAD, GREENSBORO NC, 27409. The official website for the company 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 12/8/2022 by MarketBeat.com Staff