Media stories about Qorvo (NASDAQ:QRVO) have trended positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public 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 0.29 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.9350031606957 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Qorvo, Inc., (NASDAQ: QRVO) – Technical Indicators under Consideration – Stock Watch (stocksnewstimes.com)
- Qorvo® Introduces Industry’s Most Powerful GaN-on-SiC Transistor (finance.yahoo.com)
- How much this stock is Risky? Qorvo, Inc. (QRVO)’s Beta value is at 0.76 – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Stock’s Trend Analysis Report: Qorvo, Inc. (NASDAQ:QRVO), Brookfield Asset Management Inc. (NYSE:BAM) – The Oracle Examiner (oracleexaminer.com)
- Day Traders Must Read Before Invest – Qorvo Inc (NASDAQ: QRVO) – Alpha Beta Stock (alphabetastock.com)
A number of research analysts recently commented on QRVO shares. JPMorgan Chase & Co. set a $88.00 price objective on Qorvo and gave the company a “buy” rating in a report on Wednesday, November 15th. BidaskClub lowered Qorvo from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. ValuEngine lowered Qorvo from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Morgan Stanley increased their target price on Qorvo from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Finally, Zacks Investment Research upgraded shares of Qorvo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $81.47.
Qorvo (NASDAQ:QRVO) last released its earnings results on Wednesday, January 31st. The semiconductor company reported $1.69 earnings per share for the quarter, topping 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 company had revenue of $845.70 million during the quarter, compared to the consensus estimate of $841.09 million. During the same quarter in the previous year, the firm earned $1.35 EPS. The company’s revenue was up 2.3% on a year-over-year basis. sell-side analysts expect that Qorvo will post 4.49 earnings per share for the current year.
In other news, Director Daniel A. Dileo sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $83.97, for a total value of $209,925.00. Following the completion of the sale, the director now directly owns 27,282 shares of the company’s stock, valued at approximately $2,290,869.54. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Gina Harrison sold 1,000 shares of the company’s stock in a transaction that occurred 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 directly 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 a total of 26,500 shares of company stock valued at $1,915,645 over the last three months. 0.91% of the stock is currently owned by company insiders.
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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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