News stories about Qorvo (NASDAQ:QRVO) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Qorvo earned a news impact score of 0.20 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.7907934842425 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Monthly Snap: Qorvo, Inc. (QRVO) stock performed -7.47% – The Stocks News (press release) (thestocksnews.com)
- UPDATE: Nomura/Instinet Downgrades Qorvo Inc (QRVO) to Neutral (streetinsider.com)
- Qorvo (QRVO) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Qorvo, Inc. (QRVO) -Price to Sales (P/S) Ratio Analysis – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Qorvo, Inc. (QRVO) Traders Attention Alert – The Stocks News (press release) (thestocksnews.com)
Shares of Qorvo stock opened at $74.18 on Thursday. The stock has a market cap of $9,495.87, a price-to-earnings ratio of 370.90, a PEG ratio of 1.30 and a beta of 0.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.72 and a quick ratio of 3.62. Qorvo has a 52 week low of $62.68 and a 52 week high of $86.84.
Several equities research analysts have issued reports on QRVO shares. BidaskClub downgraded shares of Qorvo from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Zacks Investment Research cut shares of Qorvo from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. Piper Jaffray Companies assumed coverage on shares of Qorvo in a report on Monday, February 26th. They issued an “overweight” rating and a $90.00 price objective on the stock. Barclays increased their price objective on shares of Qorvo from $75.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Finally, Nomura raised shares of Qorvo from a “neutral” rating to a “buy” rating and raised their target price for the company from $75.00 to $85.00 in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have assigned a buy rating to the stock. Qorvo currently has a consensus rating of “Hold” and a consensus price target of $81.16.
In other news, VP Steven E. Creviston sold 6,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $71.37, for a total value of $428,220.00. Following the sale, the vice president now owns 82,725 shares in the company, valued at approximately $5,904,083.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel A. Dileo sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $83.97, for a total transaction of $209,925.00. Following the completion of the sale, the director now owns 27,282 shares in the company, valued at approximately $2,290,869.54. The disclosure for this sale can be found here. Insiders sold a total of 21,500 shares of company stock worth $1,671,675 in the last 90 days. 0.91% of the stock is owned by corporate insiders.
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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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