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Qorvo Stock Price, News & Analysis (NASDAQ:QRVO)

$79.84
+2.50 (+3.23 %)
(As of 10/15/2019 04:00 PM ET)
Today's Range
$77.64
Now: $79.84
$79.88
50-Day Range
$69.22
MA: $74.53
$78.21
52-Week Range
$54.74
Now: $79.84
$79.88
Volume1.18 million shs
Average Volume1.35 million shs
Market Capitalization$9.40 billion
P/E Ratio15.21
Dividend YieldN/A
Beta1.09
Qorvo, Inc provides radio frequency (RF) solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) segments. The MP segment offers cellular RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, power amplifiers (PAs), low noise amplifiers (LNAs), switches, multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:QRVO
CUSIPN/A
Phone336-664-1233

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$11.18 per share
Book Value$35.51 per share

Profitability

Net Income$133.13 million

Miscellaneous

Employees8,100
Market Cap$9.40 billion
Next Earnings Date10/30/2019 (Estimated)
OptionableOptionable

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Qorvo (NASDAQ:QRVO) Frequently Asked Questions

What is Qorvo's stock symbol?

Qorvo trades on the NASDAQ under the ticker symbol "QRVO."

How were Qorvo's earnings last quarter?

Qorvo Inc (NASDAQ:QRVO) posted its quarterly earnings data on Thursday, August, 1st. The semiconductor company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.23. The semiconductor company earned $775.60 million during the quarter, compared to analysts' expectations of $738.98 million. Qorvo had a return on equity of 15.77% and a net margin of 6.39%. Qorvo's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. View Qorvo's Earnings History.

When is Qorvo's next earnings date?

Qorvo is scheduled to release their next quarterly earnings announcement on Wednesday, October 30th 2019. View Earnings Estimates for Qorvo.

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

Qorvo issued an update on its second quarter earnings guidance on Thursday, August, 1st. The company provided earnings per share guidance of $1.25-1.35 for the period, compared to the Thomson Reuters consensus estimate of $1.23. The company issued revenue guidance of $745-765 million, compared to the consensus revenue estimate of $740.22 million.

What price target have analysts set for QRVO?

22 equities research analysts have issued 1-year price objectives for Qorvo's stock. Their forecasts range from $60.00 to $90.00. On average, they expect Qorvo's share price to reach $77.86 in the next twelve months. This suggests that the stock has a possible downside of 2.5%. View Analyst Price Targets for Qorvo.

What is the consensus analysts' recommendation for Qorvo?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 10 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Qorvo.

What are Wall Street analysts saying about Qorvo stock?

Here are some recent quotes from research analysts about Qorvo stock:
  • 1. According to Zacks Investment Research, "Qorvo is a leading provider of core technologies and radio frequency (RF) solutions for mobile, infrastructure and aerospace/defense applications. The company is benefiting from increased demand in the performance-tier for RF Fusion based solutions, antenna tuning, discrete components and BAW-based multiplexers. The company’s 5G and GaN solutions hold promise. Further, robust growth in company’s wireless connectivity as well as in base station solutions is a positive. However, the company faces challenges owing to weakness in flagship smartphone product volumes and softness in China domestic market. Qorvo operates in a competitive landscape that is becoming more complex with low barriers to entry. Customer concentration from the likes of Apple and Huawei, among others is a headwind. In fact, recent blaclisting of Huawei by BIS compelled Qorvo to trim outlook, which limits near-term growth prospects." (5/23/2019)
  • 2. Needham & Company LLC analysts commented, "QRVO reported strong F2Q19 results that easily beat guidance and Street estimates driven by the ramp of flagship smartphone products and growth in IDP’s Infrastructure market. The F3Q19 revenue and NG EPS outlook was slightly below the Street, but higher than our estimates. Management continues to expect FY19 revenue to grow ~10% and guided NG GM to recover to 50% or more in F2H19. QRVO is seeing increasing demand and design traction for its 5G solutions in MP and IDP , and while QRVO has take a measured approach in forecasting its China business in F2H19, we believe the company remains well positioned for growth due to new opportunities and share gains in its IDP and MP businesses. We maintain our Buy rating and $92 PT , which is ~12x our CY20 NG EPS estimate." (11/1/2018)

Has Qorvo been receiving favorable news coverage?

News coverage about QRVO stock has trended neutral on Tuesday, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Qorvo earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Qorvo.

Are investors shorting Qorvo?

Qorvo saw a increase in short interest in September. As of September 30th, there was short interest totalling 4,770,000 shares, an increase of 13.6% from the August 30th total of 4,200,000 shares. Based on an average daily trading volume, of 1,190,000 shares, the short-interest ratio is presently 4.0 days. Currently, 4.1% of the company's stock are short sold. View Qorvo's Current Options Chain.

Who are some of Qorvo's key competitors?

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), TriQuint Semiconductor (TQNT), NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Intel (INTC), Broadcom (AVGO), Netflix (NFLX), QUALCOMM (QCOM) and Starbucks (SBUX).

Who are Qorvo's key executives?

Qorvo's management team includes the folowing people:
  • Mr. Robert A. Bruggeworth, Pres, CEO & Director (Age 58)
  • Mr. Mark J. Murphy, Chief Financial Officer (Age 51)
  • Ms. Gina B. Harrison, VP & Corp. Controller (Age 51)
  • Mr. James L. Klein, Corp. VP and Pres of Infrastructure & Defense Products (Age 54)
  • Mr. Steven E. Creviston, Corp. VP & Pres of Mobile Products (Age 55)

Who are Qorvo's major shareholders?

Qorvo's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.08%), F&V Capital Management LLC (0.07%), Pacer Advisors Inc. (0.03%), First Hawaiian Bank (0.01%), Crossmark Global Holdings Inc. (0.00%) and NuWave Investment Management LLC (0.00%). Company insiders that own Qorvo stock include Daniel A Dileo, Gina Harrison, James L Klein, John R Harding, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston and Walter H Wilkinson. View Institutional Ownership Trends for Qorvo.

Which institutional investors are selling Qorvo stock?

QRVO stock was sold by a variety of institutional investors in the last quarter, including F&V Capital Management LLC and Crossmark Global Holdings Inc.. Company insiders that have sold Qorvo company stock in the last year include Gina Harrison, James L Klein, John R Harding, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston and Walter H Wilkinson. View Insider Buying and Selling for Qorvo.

Which institutional investors are buying Qorvo stock?

QRVO stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Pacer Advisors Inc., NuWave Investment Management LLC and First Hawaiian Bank. View Insider Buying and Selling for Qorvo.

How do I buy shares of 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.

What is Qorvo's stock price today?

One share of QRVO stock can currently be purchased for approximately $79.84.

How big of a company is Qorvo?

Qorvo has a market capitalization of $9.40 billion and generates $3.09 billion in revenue each year. The semiconductor company earns $133.13 million in net income (profit) each year or $5.25 on an earnings per share basis. Qorvo employs 8,100 workers across the globe.View Additional Information About Qorvo.

What is Qorvo's official website?

The official website for Qorvo is http://www.qorvo.com/.

How can I contact Qorvo?

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]


MarketBeat Community Rating for Qorvo (NASDAQ QRVO)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  624 (Vote Outperform)
Underperform Votes:  471 (Vote Underperform)
Total Votes:  1,095
MarketBeat's community ratings are surveys of what our community members think about Qorvo and other stocks. Vote "Outperform" if you believe QRVO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe QRVO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/15/2019 by MarketBeat.com Staff

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