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NASDAQ:QRVO

Qorvo - QRVO Stock Forecast, Price & News

$103.70
-3.35 (-3.13%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$103.35
$106.86
50-Day Range
$92.47
$111.07
52-Week Range
$90.16
$192.92
Volume
967,398 shs
Average Volume
1.40 million shs
Market Capitalization
$10.70 billion
P/E Ratio
14.03
Dividend Yield
N/A
Price Target
$132.55

Qorvo MarketRank™ Forecast

Analyst Rating
Hold
2.23 Rating Score
Upside/​Downside
27.8% Upside
$132.55 Price Target
Short Interest
Healthy
2.13% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
0.35mentions of Qorvo in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$1.71 M Sold Last Quarter
Proj. Earnings Growth
45.09%
From $7.03 to $10.20 Per Share

Overall MarketRank

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

3.24 out of 5 stars

Computer And Technology Sector

15th out of 653 stocks

Semiconductors & Related Devices Industry

5th out of 94 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.

Qorvo Trading Down 2.6 %

QRVO Stock traded down $2.76 during mid-day trading on Friday, reaching $104.29. 20,284 shares of the stock traded hands, compared to its average volume of 1,371,097. The company has a current ratio of 3.30, a quick ratio of 2.12 and a debt-to-equity ratio of 0.48. Qorvo has a 52-week low of $90.16 and a 52-week high of $192.92. The company has a market cap of $10.76 billion, a P/E ratio of 14.49, a P/E/G ratio of 2.32 and a beta of 1.35. The stock's fifty day moving average is $100.87 and its 200-day moving average is $113.59.

Analyst Ratings Changes

A number of analysts have recently issued reports on QRVO shares. StockNews.com cut Qorvo from a "buy" rating to a "hold" rating in a report on Tuesday, June 28th. Rosenblatt Securities cut their target price on Qorvo from $135.00 to $110.00 and set a "neutral" rating on the stock in a research report on Thursday, August 4th. Raymond James cut their target price on Qorvo from $155.00 to $130.00 and set an "outperform" rating on the stock in a research report on Thursday, August 4th. Barclays cut their target price on Qorvo from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, July 25th. Finally, JPMorgan Chase & Co. cut their target price on Qorvo from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $132.55.

Insider Buying and Selling at Qorvo

In other news, Director Jeffery R. Gardner sold 5,000 shares of the company's stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $108.68, for a total value of $543,400.00. Following the transaction, the director now owns 32,793 shares in the company, valued at approximately $3,563,943.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jeffery R. Gardner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $110.57, for a total value of $110,570.00. Following the transaction, the director now 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 at this link. Also, Director Jeffery R. Gardner sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $108.68, for a total value of $543,400.00. Following the completion of the transaction, the director now owns 32,793 shares in the company, valued at approximately $3,563,943.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,602 shares of company stock valued at $1,707,506. 0.45% of the stock is currently owned by corporate insiders.

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QRVO Stock News Headlines

Qorvo, Inc. (NASDAQ:QRVO) VP Paul J. Fego Sells 2,438 Shares
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Qorvo (NASDAQ:QRVO) PT Lowered to $115.00 at Piper Sandler
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UBS Group Trims Qorvo (NASDAQ:QRVO) Target Price to $120.00
Qorvo (NASDAQ:QRVO) PT Lowered to $100.00 at Cowen
Mizuho Trims Qorvo (NASDAQ:QRVO) Target Price to $105.00
Qorvo (NASDAQ:QRVO) Price Target Cut to $109.00
Piper Sandler Trims Qorvo (NASDAQ:QRVO) Target Price to $115.00
Recap: Qorvo Q1 Earnings - Benzinga
See More Headlines
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QRVO Company Calendar

Last Earnings
11/03/2021
Today
8/19/2022
Next Earnings (Estimated)
11/02/2022
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
$132.55
High Stock Price Forecast
$220.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
+27.8%
Consensus Rating
Hold
Rating Score (0-4)
2.23
Research Coverage
22 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
21.05%

Debt

Sales & Book Value

Annual Sales
$4.65 billion
Cash Flow
$15.12 per share
Book Value
$41.67 per share

Miscellaneous

Free Float
102,740,000
Market Cap
$10.70 billion
Optionable
Optionable
Beta
1.35

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)
    Corp. VP of Global Operations
    Comp: $948.02k
  • Mr. Steven Eric CrevistonMr. Steven Eric Creviston (Age 58)
    Pres of Mobile Products
    Comp: $1.04M
  • Mr. Philip Chesley (Age 51)
    Pres of Infrastructure & Defense Products
    Comp: $531.56k
  • Mr. Grant A. Brown (Age 45)
    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
  • Mr. David Fullwood
    Corp. VP of Sales & Marketing
  • Ms. Debra Howard
    Chief HR Officer & Corp. VP













QRVO Stock - Frequently Asked Questions

Should I buy or sell Qorvo stock right now?

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 1 sell rating, 15 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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 2022?

22 equities research analysts have issued 1-year price objectives for Qorvo's stock. Their QRVO share price forecasts range from $95.00 to $220.00. On average, they expect the company's stock price to reach $132.55 in the next year. This suggests a possible upside of 27.8% 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 at the beginning of the year. Since then, QRVO shares have decreased by 33.7% and is now trading at $103.70.
View the best growth stocks for 2022 here
.

When is Qorvo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our QRVO earnings forecast
.

How were Qorvo's earnings last quarter?

Qorvo, Inc. (NASDAQ:QRVO) released its earnings results on Wednesday, November, 3rd. The semiconductor company reported $3.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.25 by $0.17. The semiconductor company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Qorvo had a trailing twelve-month return on equity of 26.50% and a net margin of 17.87%. During the same quarter last year, the firm posted $2.17 EPS.
Read the conference call transcript
.

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

Qorvo updated its second quarter 2023 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of $2.45-$2.65 for the period, compared to the consensus estimate of $2.64. The company issued revenue guidance of $1.12 billion-$1.15 billion, compared to the consensus revenue estimate of $1.14 billion.

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 institutional and retail investors. Top institutional investors include Baupost Group LLC MA (6.75%), State Street Corp (4.51%), Northern Trust Corp (1.22%), UBS Asset Management Americas Inc. (0.61%), AQR Capital Management LLC (0.59%) and Van ECK Associates Corp (0.55%). Insiders that own company stock include David H Y Ho, 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, Susan Louise Spradley 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 $103.70.

How much money does Qorvo make?

Qorvo (NASDAQ:QRVO) has a market capitalization of $10.70 billion and generates $4.65 billion in revenue each year. The semiconductor company earns $1.03 billion in net income (profit) each year or $7.39 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
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 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 8/19/2022 by MarketBeat.com Staff

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