Qorvo (QRVO) Receives Daily News Impact Score of 0.21
Media coverage about Qorvo (NASDAQ:QRVO) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Qorvo earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 44.5465474334887 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s rankings:
- Boom or Bust? Is there any value in Varian Medical Systems, Inc. (NYSE:VAR) or Qorvo, Inc. (NASDAQ:QRVO)? – FLBC News (flbcnews.com)
- Market Focus – Watching Technicals on Shares of Qorvo Inc (QRVO) – Wall Street Review (thewallstreetreview.com)
- Qorvo, Inc. (QRVO) Position Down in Latest Report from Vanguard Group Inc – Modern Readers (modernreaders.com)
- Unusual Activity Spotted in Qorvo Inc (QRVO) – FLBC News (flbcnews.com)
- Qorvo Inc (QRVO) Sees Schaff Cycle Continue to Trend Higher – Evergreen Caller (evergreencaller.com)
QRVO has been the subject of several recent analyst reports. Cowen and Company restated a “market perform” rating and issued a $74.00 target price (up previously from $60.00) on shares of Qorvo in a research report on Thursday, May 4th. Craig Hallum upped their target price on shares of Qorvo from $68.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. DA Davidson cut shares of Qorvo from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Thursday, May 4th. Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of Qorvo in a research report on Thursday, May 4th. Finally, Charter Equity reiterated a “buy” rating on shares of Qorvo in a report on Friday, May 5th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $73.28.
Shares of Qorvo (NASDAQ:QRVO) opened at 70.93 on Friday. The company’s 50-day moving average is $68.72 and its 200-day moving average is $69.43. The company’s market capitalization is $9.03 billion. Qorvo has a one year low of $48.28 and a one year high of $79.34.
Qorvo (NASDAQ:QRVO) last issued its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $640.80 million during the quarter, compared to analyst estimates of $632.18 million. Qorvo had a negative net margin of 1.40% and a positive return on equity of 10.10%. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the business earned $1.08 EPS. Equities analysts predict that Qorvo will post $5.54 earnings per share for the current year.
In other Qorvo news, Director John R. Harding sold 3,260 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $71.79, for a total transaction of $234,035.40. Following the completion of the transaction, the director now owns 6,322 shares in the company, valued at approximately $453,856.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffery R. Gardner sold 3,925 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $77.55, for a total transaction of $304,383.75. Following the transaction, the director now owns 35,909 shares of the company’s stock, valued at approximately $2,784,742.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,984 shares of company stock valued at $7,801,949. 0.91% of the stock is owned by company insiders.
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Qorvo Company Profile
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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