Headlines about Qorvo (NASDAQ:QRVO) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Qorvo earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 46.2971956120828 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s analysis:
- Qorvo, Inc. (QRVO) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Skyworks, NXPi, Broadcom Get Minimal Lift from iPhone X Teardowns (finance.yahoo.com)
- [$$] Qorvo Can Overcome iPhone Ramp Delay (finance.yahoo.com)
- Qorvo Keeps Giving Mixed Signals (finance.yahoo.com)
- Qorvo, Inc. (QRVO) Price Target Raised to $75.00 at Citigroup Inc. (americanbankingnews.com)
A number of equities analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $84.00 target price on shares of Qorvo in a report on Thursday. Morgan Stanley lifted their target price on Qorvo from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday. Canaccord Genuity lifted their target price on Qorvo from $81.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday. Drexel Hamilton reiterated a “buy” rating and set a $95.00 price target on shares of Qorvo in a report on Thursday. Finally, Mizuho reiterated a “hold” rating and set a $70.00 price target on shares of Qorvo in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the company. Qorvo presently has an average rating of “Hold” and an average target price of $75.26.
Shares of Qorvo (NASDAQ QRVO) opened at $73.84 on Friday. The stock has a market capitalization of $9,397.47, a price-to-earnings ratio of 18.46, a PEG ratio of 1.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.80 and a quick ratio of 2.75.
Qorvo (NASDAQ:QRVO) last announced its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $1.52 earnings per share for the quarter, hitting 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 company had revenue of $821.60 million during the quarter, compared to analysts’ expectations of $810.47 million. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. equities research analysts predict that Qorvo will post 4.77 earnings per share for the current fiscal year.
In related news, VP James L. Klein sold 4,120 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $68.41, for a total transaction of $281,849.20. Following the completion of the transaction, the vice president now owns 36,358 shares of the company’s stock, valued at approximately $2,487,250.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James L. Klein sold 1,500 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $67.67, for a total value of $101,505.00. Following the transaction, the vice president now directly owns 41,893 shares of the company’s stock, valued at approximately $2,834,899.31. The disclosure for this sale can be found here. Insiders have sold a total of 67,080 shares of company stock valued at $4,788,693 in the last three months. 0.91% of the stock is owned by insiders.
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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