Qorvo (QRVO) Receiving Somewhat Favorable Media Coverage, Report Finds
Media headlines about Qorvo (NASDAQ:QRVO) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 0.13 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 46.9093707751442 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- $840.63 Million in Sales Expected for Qorvo, Inc. (QRVO) This Quarter (americanbankingnews.com)
- Stocks To Watch: Qorvo Sees RS Rating Jump To 85 (finance.yahoo.com)
- Qorvo No Longer Transmits Mixed Signals After Breaking Higher (finance.yahoo.com)
- Qorvo, Inc. breached its 50 day moving average in a Bullish Manner : QRVO-US : November 8, 2017 (finance.yahoo.com)
- Qorvo® to Present at the MKM Partners 2017 Entertainment, Travel and Technology Conference (finance.yahoo.com)
Several equities analysts recently commented on the stock. Canaccord Genuity boosted their price objective on shares of Qorvo from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Morgan Stanley boosted their price objective on shares of Qorvo from $68.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Northland Securities cut shares of Qorvo from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 2nd. Craig Hallum cut shares of Qorvo from a “buy” rating to a “hold” rating and reduced their price objective for the company from $78.00 to $71.00 in a research note on Thursday, November 2nd. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $95.00 price objective on shares of Qorvo in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $76.11.
Shares of Qorvo (NASDAQ:QRVO) opened at $79.57 on Friday. Qorvo has a 12 month low of $49.53 and a 12 month high of $81.20. The stock has a market cap of $10,104.46, a price-to-earnings ratio of 19.87, a PEG ratio of 1.34 and a beta of 1.03. The company has a quick ratio of 2.71, a current ratio of 3.80 and a debt-to-equity ratio of 0.20.
Qorvo (NASDAQ:QRVO) last announced its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $1.52 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.52. Qorvo had a negative net margin of 0.59% and a positive return on equity of 10.77%. The company had revenue of $821.60 million during the quarter, compared to analysts’ expectations of $810.47 million. During the same quarter in the prior year, the company earned $1.29 EPS. The firm’s revenue was down 5.0% on a year-over-year basis. analysts forecast that Qorvo will post 4.74 earnings per share for the current fiscal year.
In related news, VP Steven E. Creviston sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $71.34, for a total transaction of $428,040.00. Following the completion of the sale, the vice president now directly owns 120,110 shares in the company, valued at approximately $8,568,647.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffery R. Gardner sold 1,700 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $71.95, for a total transaction of $122,315.00. Following the sale, 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. Insiders sold a total of 55,469 shares of company stock valued at $4,023,277 in the last ninety days. 0.91% of the stock is owned by corporate insiders.
COPYRIGHT VIOLATION WARNING: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/11/qorvo-qrvo-receiving-somewhat-favorable-media-coverage-report-finds.html.
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).
Receive News & Stock Ratings for Qorvo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qorvo Inc. and related stocks with our FREE daily email newsletter.