Qorvo (QRVO) Earns Media Sentiment Rating of 0.16

News stories about Qorvo (NASDAQ:QRVO) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Qorvo earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 46.1281776316401 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

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Several research firms have recently commented on QRVO. Instinet upgraded shares of Qorvo from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Thursday, February 1st. Needham & Company LLC boosted their price objective on shares of Qorvo from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. set a $88.00 price objective on shares of Qorvo and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Drexel Hamilton restated a “buy” rating and set a $95.00 price target on shares of Qorvo in a research note on Wednesday, January 31st. Finally, Canaccord Genuity restated a “buy” rating and set a $81.00 price target (down previously from $87.00) on shares of Qorvo in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $81.47.

Shares of Qorvo (QRVO) traded down $0.99 during mid-day trading on Wednesday, reaching $82.43. 349,109 shares of the company’s stock traded hands, compared to its average volume of 2,167,302. 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 one year low of $62.68 and a one year high of $86.84. The stock has a market capitalization of $10,927.78, a price-to-earnings ratio of 411.53, a PEG ratio of 1.52 and a beta of 0.81.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.09. Qorvo had a net margin of 0.95% and a return on equity of 11.72%. The business had revenue of $845.70 million during the quarter, compared to analyst estimates of $841.09 million. During the same quarter last year, the firm posted $1.35 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. sell-side analysts anticipate that Qorvo will post 4.49 EPS for the current fiscal year.

In other news, VP Steven E. Creviston sold 6,000 shares of Qorvo stock in a transaction on Friday, December 15th. The shares were sold at an average price of $65.50, for a total value of $393,000.00. Following the transaction, the vice president now directly owns 88,725 shares of the company’s stock, valued at approximately $5,811,487.50. The sale 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 on Wednesday, March 7th. The shares were sold at an average price of $82.83, for a total transaction of $82,830.00. Following the completion of the transaction, the vice president now directly owns 14,954 shares in the company, valued at $1,238,639.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,500 shares of company stock worth $1,915,645. 0.91% of the stock is owned by corporate 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).

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

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