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Qorvo (QRVO) Stock Price, News & Analysis

$104.35
-3.73 (-3.45%)
(As of 09/6/2024 ET)
Today's Range
$103.47
$108.20
50-Day Range
$100.60
$129.21
52-Week Range
$80.62
$130.99
Volume
1.75 million shs
Average Volume
1.36 million shs
Market Capitalization
$9.90 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$121.00

Qorvo MarketRank™ Stock Analysis

Analyst Rating
Hold
2.19 Rating Score
Upside/​Downside
16.0% Upside
$121.00 Price Target
Short Interest
Healthy
2.31% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
1.04mentions of Qorvo in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
44.21%
From $4.84 to $6.98 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.45 out of 5 stars

Computer And Technology Sector

118th out of 594 stocks

Semiconductors & Related Devices Industry

22nd out of 85 stocks

QRVO stock logo

About Qorvo Stock (NASDAQ:QRVO)

Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets. The CSG segment supplies connectivity and sensor components and systems featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS-/BAW-based sensors. It serves markets, such as smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. The company also offers foundry services for defense primes and other defense and aerospace customers. 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. It operates in the United States, China, other Asian countries, Taiwan, and Europe. The company was founded in 1957 and is headquartered in Greensboro, North Carolina.

QRVO Stock Price History

QRVO Stock News Headlines

⭕ [URGENT] Buy Alert just triggered
My absolute favorite stock just hit a critical "buy now" trigger price.
Qorvo Inc
QRVO Jan 2025 135.000 put
⭕ [URGENT] Buy Alert just triggered
My absolute favorite stock just hit a critical "buy now" trigger price.
Qorvo, Inc. (QRVO.MX)
Investment Strategies With Skyworks Solutions
Morgan Stanley Reaffirms Their Buy Rating on Qorvo (QRVO)
See More Headlines
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Company Calendar

Last Earnings
7/30/2024
Today
9/07/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:QRVO
Fax
N/A
Employees
8,700
Year Founded
2015

Price Target and Rating

Average Stock Price Target
$121.00
High Stock Price Target
$142.00
Low Stock Price Target
$78.00
Potential Upside/Downside
+16.0%
Consensus Rating
Hold
Rating Score (0-4)
2.19
Research Coverage
16 Analysts

Profitability

Net Income
$-70,320,000.00
Pretax Margin
3.11%

Debt

Sales & Book Value

Annual Sales
$3.77 billion
Cash Flow
$7.56 per share
Book Value
$36.83 per share

Miscellaneous

Free Float
94,592,000
Market Cap
$9.90 billion
Optionable
Optionable
Beta
1.46

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QRVO Stock Analysis - Frequently Asked Questions

How have QRVO shares performed this year?

Qorvo's stock was trading at $112.61 at the beginning of the year. Since then, QRVO stock has decreased by 7.3% and is now trading at $104.35.
View the best growth stocks for 2024 here
.

How were Qorvo's earnings last quarter?

Qorvo, Inc. (NASDAQ:QRVO) released its earnings results on Tuesday, July, 30th. The semiconductor company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.71 by $0.16. The business's revenue was up 36.2% on a year-over-year basis.
Read the conference call transcript
.

How will Qorvo's stock buyback program work?

Qorvo's Board of Directors approved a share buyback plan on Wednesday, November 2nd 2022, which permits the company to buy back $2,000,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 22.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its shares are undervalued.

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.

Does Qorvo have any subsidiaries?

Qorvo subsidiaries include these companies: United Silicon Carbide, NextInput, 7Hugs Labs SAS, DecaWave, Custom MMIC, Cavendish Kinetics, Active-Semi International Inc., and others.

Who are Qorvo's major shareholders?

Top institutional investors of Qorvo include Vulcan Value Partners LLC (2.24%), Pacer Advisors Inc. (1.50%), Dimensional Fund Advisors LP (1.39%) and Panagora Asset Management Inc. (0.82%). Insiders that own company stock include Robert A Bruggeworth, Steven E Creviston, Walden C Rhines, Jeffery R Gardner, Philip Chesley, Paul J Fego, Grant Brown, Gina Harrison, Roderick Nelson, John R Harding and Frank P Stewart.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Qorvo own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Qorvo investors own include Skyworks Solutions (SWKS), NVIDIA (NVDA), Micron Technology (MU), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Intel (INTC) and Salesforce (CRM).

This page (NASDAQ:QRVO) was last updated on 9/7/2024 by MarketBeat.com Staff

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