Qorvo (QRVO) Receiving Somewhat Favorable Media Coverage, Study Finds

Media stories about Qorvo (NASDAQ:QRVO) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Qorvo earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 45.5185541983874 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s rankings:

QRVO has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Qorvo from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. ValuEngine raised shares of Qorvo from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. Canaccord Genuity reaffirmed a “buy” rating and issued a $81.00 price target (down previously from $87.00) on shares of Qorvo in a report on Wednesday, January 24th. BidaskClub raised shares of Qorvo from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 31st. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $95.00 price target on shares of Qorvo in a report on Wednesday, January 31st. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $81.63.

Shares of Qorvo stock traded down $0.37 during trading on Tuesday, hitting $80.78. 1,061,182 shares of the company’s stock were exchanged, compared to its average volume of 2,019,713. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.18 and a quick ratio of 3.11. Qorvo has a 52-week low of $62.68 and a 52-week high of $86.84. The stock has a market cap of $10.07 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Wednesday, May 2nd. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.02. Qorvo had a negative net margin of 1.35% and a positive return on equity of 12.50%. The firm had revenue of $665.40 million during the quarter, compared to analysts’ expectations of $655.67 million. During the same quarter last year, the company posted $0.85 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. equities analysts expect that Qorvo will post 5.08 EPS for the current year.

In other Qorvo news, VP Steven E. Creviston sold 6,000 shares of Qorvo stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $79.48, for a total value of $476,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gina Harrison sold 1,000 shares of Qorvo stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $82.83, for a total transaction of $82,830.00. Following the completion of the transaction, the vice president now directly owns 14,954 shares of the company’s stock, valued at approximately $1,238,639.82. The disclosure for this sale can be found here. Insiders sold 55,054 shares of company stock valued at $4,368,103 in the last ninety days. 0.91% of the stock is owned by corporate insiders.

Qorvo Company Profile

Qorvo, Inc provides radio frequency (RF) solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) segments. The MP segment offers cellular RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, power amplifiers (PA), low noise amplifiers, switches, multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers.

Insider Buying and Selling by Quarter for Qorvo (NASDAQ:QRVO)

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