Qorvo (QRVO) Receives Daily News Impact Rating of 0.14

News articles about Qorvo (NASDAQ:QRVO) have trended somewhat positive on Friday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Qorvo earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 46.2302271518869 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

Qorvo (NASDAQ QRVO) traded up $1.63 during trading hours on Friday, reaching $80.13. The company’s stock had a trading volume of 1,066,475 shares, compared to its average volume of 2,700,000. The company has a quick ratio of 3.62, a current ratio of 4.72 and a debt-to-equity ratio of 0.23. Qorvo has a one year low of $62.68 and a one year high of $85.24. The firm has a market capitalization of $10,140.00, a PE ratio of 82.61, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.09. Qorvo had a return on equity of 11.72% and a net margin of 0.95%. The company had revenue of $845.70 million for the quarter, compared to analysts’ expectations of $841.09 million. During the same period in the prior year, the firm earned $1.35 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. equities analysts predict that Qorvo will post 4.49 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on QRVO shares. Morgan Stanley upped their price target on Qorvo from $69.00 to $72.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. set a $88.00 price objective on Qorvo and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Needham & Company LLC reiterated a “buy” rating and issued a $84.00 price objective on shares of Qorvo in a research report on Thursday, November 2nd. ValuEngine upgraded Qorvo from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $95.00 price objective on shares of Qorvo in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $80.42.

In other Qorvo news, VP Steven E. Creviston sold 6,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $78.97, for a total transaction of $473,820.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Walter H. Wilkinson sold 15,925 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.02, for a total value of $1,274,318.50. Following the transaction, the director now owns 62,480 shares in the company, valued at $4,999,649.60. The disclosure for this sale can be found here. Insiders have sold 42,996 shares of company stock worth $3,193,399 over the last 90 days. 0.91% of the stock is owned by insiders.

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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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