Qorvo Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last twelve months. There are currently 4 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Qorvo stock.
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Wall Street analysts have given Qorvo a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Qorvo wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Qorvo saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,330,000 shares, a decline of 14.7% from the June 30th total of 2,730,000 shares. Based on an average daily volume of 1,050,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.1% of the shares of the stock are sold short.
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Qorvo is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Qorvo.

Qorvo will be holding an earnings conference call on Wednesday, August 4th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 719-457-0820 with passcode "6840545".

Qorvo, Inc. (NASDAQ:QRVO) posted its earnings results on Wednesday, May, 5th. The semiconductor company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.23 by $0.51. The semiconductor company earned $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. Qorvo had a net margin of 18.27% and a trailing twelve-month return on equity of 23.45%.
View Qorvo's earnings history.

Qorvo's stock was trading at $89.42 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, QRVO shares have increased by 117.0% and is now trading at $194.04.
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Qorvo updated its first quarter 2022 earnings guidance on Wednesday, May, 26th. The company provided earnings per share guidance of 2.450-2.450 for the period, compared to the Thomson Reuters consensus estimate of $2.160. The company issued revenue guidance of $1.07 billion-$1.10 billion, compared to the consensus revenue estimate of $1 billion.

21 brokerages have issued 1-year target prices for Qorvo's stock. Their forecasts range from $133.00 to $245.00. On average, they expect Qorvo's stock price to reach $202.19 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
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90 employees have rated Qorvo CEO Robert Bruggeworth on Glassdoor.com. Robert Bruggeworth has an approval rating of 72% among Qorvo's employees.

Some companies that are related to Qorvo include Tokyo Electron (TOELY), Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), Marvell Technology (MRVL), Microchip Technology (MCHP), STMicroelectronics (STM), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), United Microelectronics (UMC), Enphase Energy (ENPH), Kyocera (KYOCY), Monolithic Power Systems (MPWR) and ASE Technology (ASX).
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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 many different institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.07%), Oregon Public Employees Retirement Fund (0.06%), IFM Investors Pty Ltd (0.01%), V Wealth Advisors LLC (0.01%), New Mexico Educational Retirement Board (0.01%) and Patton Fund Management Inc. (0.01%). 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, 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 Oregon Public Employees Retirement Fund, State of Alaska Department of Revenue, Harel Insurance Investments & Financial Services Ltd., and Vivid Financial Management Inc.. Company insiders that have sold Qorvo company stock in the last year include Gina Harrison, James L Klein, Mark J Murphy, Robert A Bruggeworth, Steven E Creviston, and Walter H Wilkinson.
View insider buying and selling activity for Qorvo or view top insider-selling stocks.

QRVO stock was purchased by a variety of institutional investors in the last quarter, including IFM Investors Pty Ltd, Stratos Wealth Partners LTD., Patton Fund Management Inc., New Mexico Educational Retirement Board, Fulton Bank N.A., Cooper Financial Group, and V Wealth Advisors LLC.
View insider buying and selling activity for Qorvo or or view top insider-buying stocks.

Shares of QRVO 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.
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One share of QRVO stock can currently be purchased for approximately $194.04.

Qorvo has a market capitalization of $21.59 billion and generates $4.02 billion in revenue each year. The semiconductor company earns $733.61 million in net income (profit) each year or $9.30 on an earnings per share basis.

Qorvo employs 8,400 workers across the globe.

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.

Qorvo was founded in 2015.

The official website for Qorvo is www.qorvo.com.

Qorvo is headquartered at 7628 THORNDIKE ROAD, GREENSBORO NC, 27409.

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]