News coverage about Qorvo (NASDAQ:QRVO) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Qorvo earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.8327968819068 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Qorvo (NASDAQ:QRVO) traded up $2.16 during trading hours on Friday, hitting $71.04. The company’s stock had a trading volume of 1,621,700 shares, compared to its average volume of 1,620,000. Qorvo has a fifty-two week low of $56.63 and a fifty-two week high of $81.20. The stock has a market capitalization of $9,030.00 and a price-to-earnings ratio of -507.43. The company has a quick ratio of 2.71, a current ratio of 3.80 and a debt-to-equity ratio of 0.20.
Qorvo (NASDAQ:QRVO) last announced its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $1.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.52. The firm had revenue of $821.60 million during the quarter, compared to analyst estimates of $810.47 million. Qorvo had a positive return on equity of 10.77% and a negative net margin of 0.59%. Qorvo’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 earnings per share. analysts expect that Qorvo will post 4.74 earnings per share for the current fiscal year.
QRVO has been the subject of several recent research reports. Northland Securities lowered Qorvo from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. BidaskClub lowered Qorvo from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. JPMorgan Chase & Co. set a $88.00 price target on Qorvo and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Citigroup boosted their target price on Qorvo from $69.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, Cowen restated a “hold” rating and set a $85.00 target price on shares of Qorvo in a research report on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Qorvo presently has a consensus rating of “Hold” and an average target price of $76.89.
In related news, Director Walter H. Wilkinson sold 15,925 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.02, for a total value of $1,274,318.50. Following the completion of the sale, the director now owns 62,480 shares in the company, valued at $4,999,649.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel A. Dileo sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the sale, the director now owns 4,622 shares of the company’s stock, valued at approximately $369,760. The disclosure for this sale can be found here. Insiders sold 58,096 shares of company stock valued at $4,335,007 in the last quarter. 0.91% of the stock is owned by company insiders.
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Qorvo Company Profile
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).
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