Qorvo (QRVO) Earns News Sentiment Score of 0.12

Press coverage about Qorvo (NASDAQ:QRVO) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Qorvo earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 45.1983184810163 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

Shares of Qorvo (QRVO) traded down $0.62 during trading on Tuesday, hitting $71.78. The stock had a trading volume of 1,862,397 shares, compared to its average volume of 1,495,787. Qorvo has a fifty-two week low of $52.05 and a fifty-two week high of $81.20. The firm has a market cap of $9,250.00 and a PE ratio of 18.55. The company has a current ratio of 3.80, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $1.52 EPS for the quarter, meeting analysts’ consensus estimates of $1.52. Qorvo had a positive return on equity of 10.77% and a negative net margin of 0.59%. The firm had revenue of $821.60 million for the quarter, compared to analysts’ expectations of $810.47 million. During the same period in the prior year, the firm posted $1.29 earnings per share. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. research analysts forecast that Qorvo will post 4.74 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on QRVO. Nomura began coverage on Qorvo in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $75.00 price objective for the company. BidaskClub raised Qorvo from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. KeyCorp reaffirmed a “hold” rating on shares of Qorvo in a research report on Wednesday, October 11th. Northland Securities cut Qorvo from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. Finally, Morgan Stanley lifted their price target on Qorvo from $68.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the company. Qorvo presently has a consensus rating of “Hold” and an average target price of $76.74.

In other news, Director Walter H. Wilkinson sold 15,925 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.02, for a total transaction of $1,274,318.50. Following the sale, the director now owns 62,480 shares of the company’s stock, valued at $4,999,649.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel A. Dileo sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the sale, the director now directly owns 4,622 shares in the company, valued at approximately $369,760. The disclosure for this sale can be found here. Insiders have sold 63,325 shares of company stock worth $4,798,586 over the last 90 days. 0.91% of the stock is owned by insiders.

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About Qorvo

Qorvo, Inc is a provider of technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs).

Insider Buying and Selling by Quarter for Qorvo (NASDAQ:QRVO)

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