News headlines about Qorvo (NASDAQ:QRVO) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. 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 0.12 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 45.1983184810163 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Insider Selling: Qorvo, Inc. (QRVO) Director Sells 2,500 Shares of Stock (americanbankingnews.com)
- Risk Factors to Consider Before Investment – Qorvo, Inc., (NASDAQ: QRVO) – Stock Watch (stocksnewstimes.com)
- Qorvo : Scheduled to Present at Upcoming November and December 2017 Investor Presentations (4-traders.com)
- Qorvo® Scheduled to Present at Upcoming November and December 2017 Investor Presentations (finance.yahoo.com)
- Market Movers: Qorvo, Inc., (NASDAQ: QRVO), First Midwest Bancorp, Inc., (NASDAQ: FMBI), Mellanox Technologies … – Stocks In The News (press release) (tradingnewsnow.com)
Shares of Qorvo (NASDAQ:QRVO) traded up $1.01 during mid-day trading on Friday, reaching $80.62. The company had a trading volume of 238,694 shares, compared to its average volume of 1,399,125. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 3.80. The stock has a market capitalization of $10,250.67, a PE ratio of 20.16, a P/E/G ratio of 1.36 and a beta of 1.03. Qorvo has a 52 week low of $49.53 and a 52 week high of $81.20.
Qorvo (NASDAQ:QRVO) last announced its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $1.52 earnings per share for the quarter, meeting the consensus estimate of $1.52. The company had revenue of $821.60 million during the quarter, compared to analysts’ expectations of $810.47 million. Qorvo had a positive return on equity of 10.77% and a negative net margin of 0.59%. Qorvo’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the business earned $1.29 earnings per share. research analysts anticipate that Qorvo will post 4.74 EPS for the current year.
A number of equities research analysts recently commented on the company. J P Morgan Chase & Co set a $88.00 target price on Qorvo and gave the stock a “buy” rating in a report on Wednesday, November 15th. Citigroup Inc. lifted their target price on Qorvo from $69.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Canaccord Genuity lifted their target price on Qorvo from $81.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Morgan Stanley lifted their target price on Qorvo from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 target price on shares of Qorvo in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $76.74.
In related news, VP James L. Klein sold 2,600 shares of Qorvo stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $72.93, for a total transaction of $189,618.00. Following the completion of the transaction, the vice president now directly owns 42,993 shares in the company, valued at $3,135,479.49. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffery R. Gardner sold 1,700 shares of Qorvo stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $71.95, for a total value of $122,315.00. Following the transaction, the director now owns 33,046 shares of the company’s stock, valued at $2,377,659.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,000 shares of company stock valued at $3,713,885. 0.91% of the stock is owned by company insiders.
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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