NASDAQ:QRVO
Qorvo Stock Forecast, Price & News
Adding Qorvo, Inc.
Now: $177.29▼
MA: $164.45▼
Qorvo, Inc. develops and commercializes technologies and products for wireless and wired connectivity worldwide. The company operates in two segments, Mobile Products, and Infrastructure and Defense Products. The company offers integrated modules incorporating switches, power amplifiers, filters and duplexers, antenna tuners, RF power management integrated circuits, multimode/multi-band PAs and transmit modules, antenna-plexers, discrete filters and duplexers, discrete switches, and UWB system solutions, as well as envelope tracking power management solutions, antenna control solutions, and UWB system solutions supporting secure, low power, location, and communication services. It also provides integrated solutions that include switch-LNA modules, variable gain amplifiers, and integrated PA Doherty modules for massive multiple-input/multiple-output systems; RF products and compound semiconductor foundry services to defense primes and other global defense and aerospace customers; Wi-Fi customer premises equipment, including power amplifiers, switches, low noise amplifiers, and bulk acoustic wave filters; system-on-a-chip hardware, firmware, and application software for smart home applications; automotive RF connectivity products and metal oxide semiconductor based UWB chip and module system solutions; and power application controllers and programmable analog power ICs. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.
Computer And Technology Sector
140th out of 1,211 stocks
Semiconductors & Related Devices Industry
25th out of 130 stocks
Qorvo has received a consensus rating of Buy. The company's average rating score is 2.77, and is based on 17 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $163.15, Qorvo has a forecasted downside of 7.9% from its current price of $177.15.
Amount of Analyst Coverage
Qorvo has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Qorvo has received 744 "outperform" votes. (Add your "outperform" vote.)
Qorvo has received 547 "underperform" votes. (Add your "underperform" vote.)
Community Sentiment
Qorvo has received 57.63% "outperform" votes from our community.
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.
Qorvo does not currently pay a dividend.
Qorvo does not have a long track record of dividend growth.
In the past three months, Qorvo insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,598,857.00 in company stock.
Percentage Held by Insiders
Only 0.66% of the stock of Qorvo is held by insiders.
Percentage Held by Institutions
85.94% of the stock of Qorvo is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings for Qorvo are expected to grow by 7.18% in the coming year, from $6.27 to $6.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Qorvo is 53.36, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.38.
Price to Earnings Ratio vs. Sector
The P/E ratio of Qorvo is 53.36, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 92.74.
Price to Earnings Growth Ratio
Qorvo has a PEG Ratio of 1.74. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Qorvo has a P/B Ratio of 4.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Stock Exchange NASDAQ
Industry Semiconductors & related devices
SectorComputer and Technology
Current SymbolNASDAQ:QRVO
CIK1604778
Webwww.qorvo.com
Employees7,900
Debt-to-Equity Ratio0.43
Current Ratio4.08
Quick Ratio3.05
Trailing P/E Ratio53.40
Forward P/E Ratio28.28
P/E Growth1.74
Annual Sales$3.24 billion
Price / Sales6.24
Cash Flow$13.10 per share
Price / Cash Flow13.53
Book Value$37.11 per share
Price / Book4.78
EPS (Most Recent Fiscal Year)$5.71
Net Income$334.33 million
Net Margins12.05%
Return on Equity16.10%
Return on Assets10.76%
Market Cap$20.22 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
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Qorvo (NASDAQ:QRVO) Frequently Asked Questions
How has Qorvo's stock been impacted by Coronavirus (COVID-19)?
Qorvo's stock was trading at $89.42 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, QRVO stock has increased by 98.1% and is now trading at $177.15.
View which stocks have been most impacted by COVID-19.
Is Qorvo a buy right now?
22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 5 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Qorvo stock.
View analyst ratings for Qorvo or view MarketBeat's top 5 stock picks.
What stocks does MarketBeat like better than 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 past winning trading ideas 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.
When is Qorvo's next earnings date?
Qorvo is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Qorvo.
How were Qorvo's earnings last quarter?
Qorvo, Inc. (NASDAQ:QRVO) released its quarterly earnings data on Wednesday, November, 4th. The semiconductor company reported $2.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.49. The semiconductor company earned $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. Qorvo had a net margin of 12.05% and a return on equity of 16.10%. The business's revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 EPS.
View Qorvo's earnings history.
What guidance has Qorvo issued on next quarter's earnings?
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 EPS 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.
What price target have analysts set for QRVO?
22 Wall Street analysts have issued 12-month price targets for Qorvo's stock. Their forecasts range from $109.00 to $225.00. On average, they expect Qorvo's stock price to reach $163.15 in the next twelve months. This suggests that the stock has a possible downside of 7.9%.
View analysts' price targets for Qorvo or view Wall Street analyst' top-rated stocks.
Are investors shorting Qorvo?
Qorvo saw a increase in short interest in December. As of December 31st, there was short interest totaling 2,310,000 shares, an increase of 24.9% from the December 15th total of 1,850,000 shares. Based on an average daily trading volume, of 1,170,000 shares, the short-interest ratio is currently 2.0 days. Currently, 2.0% of the company's stock are short sold.
View Qorvo's Short Interest.
Who are some of Qorvo's key competitors?
Some companies that are related to Qorvo include Tokyo Electron (TOELY), Analog Devices (ADI), Infineon Technologies (IFNNY), NXP Semiconductors (NXPI), Microchip Technology (MCHP), STMicroelectronics (STM), Marvell Technology Group (MRVL), Xilinx (XLNX), Enphase Energy (ENPH), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Kyocera (KYOCY), United Microelectronics (UMC), Semiconductor Manufacturing International (SMICY) and Monolithic Power Systems (MPWR).
View all of QRVO's 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), 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).
Who are Qorvo's key executives?
Qorvo's management team includes the following people:
Mr. Robert A. Bruggeworth, Pres, CEO & Director (Age 60, Pay $1.39M)
Mr. Mark J. Murphy, Chief Financial Officer (Age 53, Pay $723.25k)
Mr. Paul J. Fego, Corp. VP of Global Operations (Age 63, Pay $640k)
Mr. James L. Klein, Corp. VP and Pres of Infrastructure & Defense Products (Age 56, Pay $648.97k)
Mr. Steven E. Creviston, Corp. VP & Pres of Mobile Products (Age 57, Pay $709.27k)
Mr. Douglas DeLieto, VP of Investor Relations
Mr. Jason K. Givens, Corp. VP, Gen. Counsel & Corp. Sec.
Mr. Brent Dietz, Director of Corp. Communications
Ms. Brandi Frye, Corp. VP of Marketing
Ms. Debra Howard, Chief HR Officer & Corp. VP
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 State of Alaska Department of Revenue (0.08%), F&V Capital Management LLC (0.06%), Crossmark Global Holdings Inc. (0.01%), IFM Investors Pty Ltd (0.01%), First Hawaiian Bank (0.01%) and Louisiana State Employees Retirement System (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, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston, Susan Louise Spradley 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 State of Alaska Department of Revenue, New England Research & Management Inc., Diversified Trust Co, First Hawaiian Bank, Contravisory Investment Management Inc., Bowling Portfolio Management LLC, Vigilare Wealth Management, and Redpoint Investment Management Pty Ltd. 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 or view top insider-selling stocks.
Which institutional investors are buying Qorvo stock?
QRVO stock was purchased by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., Breiter Capital Management Inc., IFM Investors Pty Ltd, Sonora Investment Management LLC, Louisiana State Employees Retirement System, Sowell Financial Services LLC, F&V Capital Management LLC, and Patriot Financial Group Insurance Agency LLC.
View insider buying and selling activity for Qorvo or or view top insider-buying stocks.
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 WeBull, 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 $177.15.
How big of a company is Qorvo?
Qorvo has a market capitalization of $20.20 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.
What is Qorvo's official website?
The official website for Qorvo is 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]