Qorvo (QRVO) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $67.94 to $69.46
• 50-Day Range: $65.60 to $107.65
• 52-Week Range: $64.98 to $130.99
• Volume: 1.89 million shs
• Average Volume: 2.46 million shs
• Market Capitalization: $6.55 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $102.88
• Consensus Rating: Hold

Qorvo Stock Analysis - MarketRank™

Qorvo scored higher than 98% of companies evaluated by MarketBeat, and ranked 34th out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.0 / 5
• Analyst Rating: Hold

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.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 32.05%

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 -47.43, 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 -47.43, 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 5.44. 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 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

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

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Qorvo does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: 3.4 / 5
• Environmental Score: -0.86

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 and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.80

News Sentiment

Qorvo has a news sentiment score of 0.80. 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 0.62 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 13 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

5 people have added Qorvo to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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.

QRVO Stock Analysis - Frequently Asked Questions

How have QRVO shares performed this year?

Qorvo's stock was trading at $112.61 on January 1st, 2024. Since then, QRVO stock has decreased by 38.5% and is now trading at $69.25.
View the best growth stocks for 2024 here.

How were Qorvo's earnings last quarter?

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

Does Qorvo have any subsidiaries?

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

Who are Qorvo's major shareholders?

Qorvo's top institutional shareholders 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.

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 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: 11/23/2024
• Next Earnings (Estimated): 1/29/2025
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:QRVO
• CUSIP: N/A
• CIK: 1604778
• Web: www.qorvo.com
• Phone: (336) 664-1233
• 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: +48.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.46)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 20.55
• P/E Growth: 5.44
• Net Income: $-70,320,000.00
• Net Margins: -3.58%
• Pretax Margin: -0.32%
• Return on Equity: 13.81%
• Return on Assets: 7.43%

Debt

• Debt-to-Equity Ratio: 0.45
• Current Ratio: 1.90
• Quick Ratio: 1.38

Sales & Book Value

• Annual Sales: $3.77 billion
• Price / Sales: 1.74
• Cash Flow: $8.57 per share
• Price / Cash Flow: 8.08
• Book Value: $36.08 per share
• Price / Book: 1.92

Miscellaneous

• Outstanding Shares: 94,530,000
• Free Float: 94,092,000
• Market Cap: $6.55 billion
• Optionable: Optionable
• Beta: 1.49