3-May-2024
Maintaining Hold on Qorvo Amid Mixed Financial Signals and Cautious Near-Term Outlook
TipRanks (Thu, 2-May 12:35 PM ET)
Qorvo sinks after outlook for June quarter falls short on weaker mobile demand
Seeking Alpha News (Thu, 2-May 9:48 AM ET)
Qorvo Analysts Cut Their Forecasts After Weak Outlook
Benzinga (Thu, 2-May 9:05 AM ET)
Qorvo (QRVO) Gets a Hold from Stifel Nicolaus
TipRanks (Thu, 2-May 8:34 AM ET)
Qorvo (QRVO) Receives a Rating Update from a Top Analyst
TipRanks (Thu, 2-May 8:20 AM ET)
Benzinga (Thu, 2-May 8:17 AM ET)
Qorvo Analyst Rating Holds Steady Amid Mixed Financial Signals and Market Dynamics
TipRanks (Thu, 2-May 7:55 AM ET)
Benchmark Co. Sticks to Its Buy Rating for Qorvo (QRVO)
TipRanks (Thu, 2-May 7:15 AM ET)
Buy Rating Affirmed for Qorvo Amid Record Aerospace Performance and Promising Growth Outlook
TipRanks (Thu, 2-May 7:05 AM ET)
Qorvo’s Diminishing Prospects: A Sell Rating Amid Cyclical Headwinds and Competitive Challenges
TipRanks (Thu, 2-May 6:56 AM ET)
Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.
Qorvo trades on the NASDAQ stock market under the symbol QRVO.
As of May 3, 2024, QRVO stock price climbed to $95.95 with 2,261,254 million shares trading.
QRVO has a beta of 1.55, meaning it tends to be more sensitive to market movements. QRVO has a correlation of 0.28 to the broad based SPY ETF.
QRVO has a market cap of $9.41 billion. This is considered a Mid Cap stock.
Last quarter Qorvo reported $942 million in Revenue and $1.39 earnings per share. This beat revenue expectation by $16 million and exceeded earnings estimates by $.18.
In the last 3 years, QRVO stock traded as high as $201.46 and as low as $75.38.
The top ETF exchange traded funds that QRVO belongs to (by Net Assets): VTI, VB, VOO, VBK, SOXX.
QRVO has underperformed the market in the last year with a price return of +2.5% while the SPY ETF gained +27.0%. QRVO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.4% and -8.5%, respectively, while the SPY returned +3.7% and +3.3%, respectively.
QRVO support price is $93.65 and resistance is $97.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QRVO stock will trade within this expected range on the day.