Press coverage about Qorvo (NASDAQ:QRVO) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Qorvo earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.1414499952359 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Radio Frequency Switch Market- increasing demand with Industry Professionals: Qorvo, Honeywell, Analog, NJR, Maxim (thefinancialconsulting.com)
- RF Components Market – A comprehensive study by Key Players: Murata, Qorvo, TDK, NXP, Taiyo Yuden (thefinancialconsulting.com)
- Qorvo, Inc. (QRVO) finishes with 0.06% while stock price is worth at $72.55 (nasdaqfortune.com)
- Global CATV Amplifiers Market Outlook 2018- Qorvo, MACOM, Analog Devices, NXP Semiconductors, Skyworks (anglophonetribune.com)
- Phase Locked Loop (PLL) Market Global Overview 2018- Microsemi, NJR, Skyworks and Qorvo (thetechnicalprogress.com)
Shares of QRVO traded down $0.27 during trading hours on Monday, reaching $72.28. 1,075,327 shares of the company traded hands, compared to its average volume of 2,126,374. The firm has a market capitalization of $9,177.11, a P/E ratio of 17.85, a P/E/G ratio of 1.01 and a beta of 0.92. Qorvo has a 12-month low of $62.68 and a 12-month high of $86.84. 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 (NASDAQ:QRVO) last issued its earnings results on Wednesday, January 31st. The semiconductor company reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.09. The firm had revenue of $845.70 million during the quarter, compared to analyst estimates of $841.09 million. Qorvo had a net margin of 0.95% and a return on equity of 11.72%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 earnings per share. analysts predict that Qorvo will post 4.49 earnings per share for the current year.
Several research firms have commented on QRVO. UBS began coverage on shares of Qorvo in a research note on Wednesday, April 4th. They set a “neutral” rating and a $76.00 price objective for the company. Zacks Investment Research lowered shares of Qorvo from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. ValuEngine lowered shares of Qorvo from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. BidaskClub lowered shares of Qorvo from a “hold” rating to a “sell” rating in a research note on Friday, March 23rd. Finally, Instinet reaffirmed a “neutral” rating on shares of Qorvo in a research note on Tuesday, March 20th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $81.47.
In related news, VP Steven E. Creviston sold 6,000 shares of Qorvo stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $71.37, for a total value of $428,220.00. Following the completion of the sale, the vice president now directly owns 82,725 shares in the company, valued at $5,904,083.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gina Harrison sold 1,000 shares of Qorvo stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $82.83, for a total value 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 disclosure for this sale can be found here. Insiders have sold 21,500 shares of company stock valued at $1,671,675 over the last three months. Insiders own 0.91% of the company’s stock.
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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.
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