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Qorvo (QRVO) Stock Price, News & Analysis

Qorvo logo
$67.62 +1.96 (+2.99%)
(As of 11/21/2024 ET)

About Qorvo Stock (NASDAQ:QRVO)

Key Stats

Today's Range
$65.28
$67.78
50-Day Range
$65.60
$107.65
52-Week Range
$64.98
$130.99
Volume
2.82 million shs
Average Volume
1.44 million shs
Market Capitalization
$6.39 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$102.88
Consensus Rating
Hold

Company Overview

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.

Qorvo Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

QRVO MarketRank™: 

Qorvo scored higher than 98% of companies evaluated by MarketBeat, and ranked 33rd out of 650 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Qorvo has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 13 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Qorvo has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Qorvo's stock forecast and price target.
  • Earnings Growth

    Earnings for Qorvo are expected to grow by 32.05% in the coming year, from $3.37 to $4.45 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Qorvo is -46.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Qorvo is -46.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Growth Ratio

    Qorvo has a PEG Ratio of 5.31. 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 1.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Qorvo's valuation and earnings.
  • Percentage of Shares Shorted

    3.11% of the float of Qorvo has been sold short.
  • Short Interest Ratio / Days to Cover

    Qorvo has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Qorvo has recently decreased by 3.31%, indicating that investor sentiment is improving.
  • Dividend Yield

    Qorvo does not currently pay a dividend.

  • Dividend Growth

    Qorvo does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    3.11% of the float of Qorvo has been sold short.
  • Short Interest Ratio / Days to Cover

    Qorvo has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Qorvo has recently decreased by 3.31%, indicating that investor sentiment is improving.
  • News Sentiment

    Qorvo has a news sentiment score of 1.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Qorvo this week, compared to 8 articles on an average week.
  • Search Interest

    15 people have searched for QRVO on MarketBeat in the last 30 days. This is an increase of 650% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Qorvo to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    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 $74,185.00 in company stock.

  • Percentage Held by Insiders

    Only 0.46% of the stock of Qorvo is held by insiders.

  • Percentage Held by Institutions

    88.57% of the stock of Qorvo is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Qorvo's insider trading history.
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QRVO Stock News Headlines

Are Wall Street Analysts Bullish on Qorvo Stock?
Qorvo (NASDAQ:QRVO) Now Covered by Analysts at Loop Capital
“This Changes Everything” - Trump Hands Millions Massive IRS Gift
Now it's your time to return the favor by taking advantage of this tax "revenge loophole." Because even as we wait for Trump's agenda to kick in…
Qorvo Strengthens Leadership with New Board Appointment
Qorvo appoints Lowe to its board of directors
See More Headlines

QRVO Stock Analysis - Frequently Asked Questions

Qorvo's stock was trading at $112.61 on January 1st, 2024. Since then, QRVO stock has decreased by 40.0% and is now trading at $67.62.
View the best growth stocks for 2024 here
.

Qorvo, Inc. (NASDAQ:QRVO) announced its quarterly earnings data on Tuesday, October, 29th. The semiconductor company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.03. The firm's quarterly revenue was down 5.2% compared to the same quarter last year.
Read the conference call transcript
.

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

Qorvo's top institutional investors include State Street Corp (4.84%), Geode Capital Management LLC (2.43%), Pacer Advisors Inc. (1.62%) and Charles Schwab Investment Management Inc. (1.00%). Insiders that own company stock include Robert A Bruggeworth, Steven E Creviston, Walden C Rhines, Jeffery R Gardner, Philip Chesley, Paul J Fego, Gina Harrison, Grant Brown, Roderick Nelson, John R Harding and Frank P Stewart.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Qorvo investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), QUALCOMM (QCOM), Salesforce (CRM) and Skyworks Solutions (SWKS).

Company Calendar

Last Earnings
10/29/2024
Today
11/21/2024
Next Earnings (Estimated)
1/29/2025
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
$102.88
High Stock Price Target
$135.00
Low Stock Price Target
$73.00
Potential Upside/Downside
+52.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
17 Analysts

Profitability

Net Income
$-70,320,000.00
Pretax Margin
-0.32%

Debt

Sales & Book Value

Annual Sales
$3.77 billion
Cash Flow
$8.57 per share
Book Value
$36.08 per share

Miscellaneous

Free Float
94,092,000
Market Cap
$6.39 billion
Optionable
Optionable
Beta
1.49

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This page (NASDAQ:QRVO) was last updated on 11/21/2024 by MarketBeat.com Staff
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