Qorvo (NASDAQ:QRVO) Given Daily News Impact Score of 0.25

Media headlines about Qorvo (NASDAQ:QRVO) have been trending positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Qorvo earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 45.618987299229 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

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Qorvo stock traded down $1.69 during trading hours on Friday, reaching $69.72. 1,263,149 shares of the company’s stock traded hands, compared to its average volume of 2,097,199. The company has a market cap of $9,032.91, a PE ratio of 17.21, a PEG ratio of 0.99 and a beta of 0.92. The company has a current ratio of 4.72, a quick ratio of 3.62 and a debt-to-equity ratio of 0.23. Qorvo has a fifty-two week low of $62.68 and a fifty-two week high of $86.84.

Qorvo (NASDAQ:QRVO) last announced its earnings results on Wednesday, January 31st. The semiconductor company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.60 by $0.09. The firm had revenue of $845.70 million for the quarter, compared to the consensus estimate of $841.09 million. Qorvo had a net margin of 0.95% and a return on equity of 11.72%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $1.35 EPS. research analysts forecast that Qorvo will post 4.49 EPS for the current year.

Several analysts recently weighed in on QRVO shares. ValuEngine downgraded shares of Qorvo from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. UBS assumed coverage on shares of Qorvo in a research report on Wednesday. They set a “neutral” rating and a $76.00 price target on the stock. Zacks Investment Research downgraded shares of Qorvo from a “hold” rating to a “sell” rating in a report on Tuesday. Oppenheimer reissued a “hold” rating on shares of Qorvo in a research report on Thursday, February 1st. Finally, BidaskClub raised shares of Qorvo from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 31st. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $81.47.

In other news, VP Gina Harrison sold 1,000 shares of Qorvo stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $82.83, for a total transaction of $82,830.00. Following the completion of the sale, the vice president now owns 14,954 shares of the company’s stock, valued at $1,238,639.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Steven E. Creviston sold 6,000 shares of Qorvo stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $71.37, for a total value of $428,220.00. Following the sale, the vice president now directly owns 82,725 shares of the company’s stock, valued at approximately $5,904,083.25. The disclosure for this sale can be found here. Insiders have sold a total of 21,500 shares of company stock valued at $1,671,675 over the last ninety days. Company insiders own 0.91% of the company’s stock.

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Qorvo Company Profile

Qorvo, Inc provides radio frequency (RF) solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) segments. The MP segment offers cellular RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, power amplifiers (PA), low noise amplifiers, switches, multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers.

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

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