Qorvo (QRVO) Earns News Sentiment Score of 0.16

Media headlines about Qorvo (NASDAQ:QRVO) have trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Qorvo earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 46.1281776316401 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

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

QRVO has been the topic of several recent research reports. Northland Securities lowered shares of Qorvo from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. Instinet upgraded shares of Qorvo from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Thursday, February 1st. BidaskClub lowered shares of Qorvo from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. JPMorgan Chase & Co. set a $88.00 target price on shares of Qorvo and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, Zacks Investment Research lowered shares of Qorvo from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $80.42.

Qorvo (NASDAQ:QRVO) traded down $1.25 during midday trading on Monday, hitting $77.31. 1,376,903 shares of the stock were exchanged, compared to its average volume of 2,545,249. Qorvo has a one year low of $62.68 and a one year high of $85.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.62 and a current ratio of 4.72. The firm has a market cap of $9,780.00, a P/E ratio of 368.14, a P/E/G ratio of 1.36 and a beta of 1.05.

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 Zacks’ 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 prior year, the company posted $1.35 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. analysts expect that Qorvo will post 4.49 EPS for the current fiscal year.

In other news, VP James L. Klein sold 2,211 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $74.76, for a total transaction of $165,294.36. Following the completion of the transaction, the vice president now owns 42,604 shares of the company’s stock, valued at approximately $3,185,075.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Steven E. Creviston sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $78.97, for a total transaction of $473,820.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,496 shares of company stock valued at $3,393,399. Corporate insiders own 0.91% of the company’s stock.

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About Qorvo

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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