News stories about Qorvo (NASDAQ:QRVO) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Qorvo earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 46.2971956120828 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- $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)
Shares of Qorvo (NASDAQ:QRVO) opened at $79.08 on Tuesday. Qorvo has a 12-month low of $49.53 and a 12-month high of $81.20. The company has a market cap of $10,117.17, a PE ratio of 19.89, a PEG ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.80 and a quick ratio of 2.71.
Qorvo (NASDAQ:QRVO) last released its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $1.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.52. Qorvo had a negative net margin of 0.59% and a positive return on equity of 10.77%. The business had revenue of $821.60 million during the quarter, compared to analyst estimates of $810.47 million. During the same period last year, the business earned $1.29 EPS. Qorvo’s revenue was down 5.0% compared to the same quarter last year. research analysts predict that Qorvo will post 4.74 earnings per share for the current year.
Several brokerages recently issued reports on QRVO. Northland Securities downgraded shares of Qorvo from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 2nd. Citigroup Inc. raised their target price on shares of Qorvo from $69.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Nomura began coverage on shares of Qorvo in a report on Tuesday, September 5th. They set a “neutral” rating and a $75.00 target price on the stock. Cowen and Company reissued a “hold” rating and issued a $85.00 price objective on shares of Qorvo in a research note on Sunday, September 17th. Finally, Mizuho reaffirmed a “hold” rating and set a $70.00 target price on shares of Qorvo in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $76.11.
In related news, VP James L. Klein sold 2,600 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $77.58, for a total value of $201,708.00. Following the completion of the sale, the vice president now directly owns 42,993 shares of the company’s stock, valued at $3,335,396.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Steven E. Creviston sold 6,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $73.37, for a total transaction of $440,220.00. Following the completion of the sale, the vice president now directly owns 106,725 shares of the company’s stock, valued at $7,830,413.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,700 shares of company stock worth $3,112,336. 0.91% of the stock is owned by insiders.
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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