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Analysts’ consensus recommendation for Qorvo, Inc. (NASDAQ:QRVO) is “Hold.”

Analysts’ consensus recommendation for Qorvo, Inc. (NASDAQ:QRVO) is “Hold.”

According to Bloomberg Ratings, each of the twenty-six research firms currently monitoring the company has given the shares of Qorvo, Inc. a “Hold” rating (NASDAQ: QRVO). The analysts at these companies have come to agree on this rating as a consensus opinion. The firm has been recommended to buy shares by four financial analysts, a recommendation to hold shares by fourteen other analysts, and a recommendation to sell shares by two of those very same analysts. For the period between now and a year from now, brokers who covered the stock in the previous year have set the average price goal for the stock at $107 per share. This price goal applies to the period between now and the end of the current year.

Several different research organizations have recently provided commentary about QRVO. The research note that Credit Suisse Group published on November 15 contained an announcement that the company would start covering Qorvo. They gave the business an “outperform” rating and set the price objective at $120.00, the amount they hoped to reach. In a research note published on November 3, JPMorgan Chase & Co. announced that they would be lowering their target price for shares of Qorvo from $125.00 to $90.00. Additionally, they would be downgrading the stock from “overweight” to “underweight.” Cowen lowered their “market performed” rating for Qorvo shares and decreased their target price for the company’s stock from $100.00 to $80.00 in a research note that was published on Tuesday, October 18. Both of these adjustments were made as a direct result of recent occurrences in the market. On October 12, StockNews.com released a research note, which marked the beginning of the website’s coverage of shares Qorvo. They advised their clients to “hold” the stock moving forward. In a research report published on November 3, Piper Sandler lowered their “overweight” rating and target price for Qorvo shares from $115.00 to $100.00. The price target remained the same.

On Wednesday morning, the market’s opening price was $101.27 for a share of Qorvo stock. The company’s market capitalization is currently equal to $10.27 billion, and it has a price-to-earnings ratio of 15.90, a PEG value of 3.07, and a beta value of 1.39. The company also has a beta value of 1.39. The current price of Qorvo is $148.77, which is the 52-week high. The current price of Qorvo is $75.38, which is the 52-week low. There is a debt-to-equity ratio that comes in at 0.47, a quick ratio that comes in at 2.20, a current ratio that comes in at 3.30, and a quick ratio that comes in at 3.30. The moving averages for the previous 50 days at the company are $95.13, and the moving averages for the previous 200 days are $93.68.

The board of directors of Qorvo has given their approval to a stock buyback plan, which, according to a statement released by the company on November 2, will enable the company to repurchase shares with a value of $2 billion. As a result of the buyback authorization, the semiconductor company now has the authority to repurchase up to 22.9% of its shares from the open market. When a company’s management decides to repurchase shares of the company’s stock, it is frequently a signal to investors that they believe the stock price is currently attractive.

Qorvo (NASDAQ: QRVO) disclosed its most recent quarterly earnings report on November 2, a Tuesday. The quarterly report of the semiconductor company revealed earnings per share of $2.35, which is $0.07 higher than the consensus estimate of $2.28. The company’s actual quarterly sales came in at $1.16 billion, significantly higher than the average prediction of $1.13 billion in revenue, which the company had reported earlier. Qorvo had a return on equity of 24.47% and a net margin of 15.34%, which are respectable figures for a business. The company experienced a decrease in sales that was 7.7% lower when compared to the sales that were generated during the same quarter the year before. The company generated earnings of $3.22 per share during the same period in the prior year’s operations. According to the projections of research professionals, Qorvo will bring in $5.04 in profits per share for the current fiscal year.

On Tuesday, December 13, Vice President Gina Harrison Harrison sold 3,559 shares of the company’s stock, as was reported elsewhere in the news. This is part of a larger transaction that will take place. The price paid for each share, on average, was $104, which resulted in the sale of a total amount of stock equal to $370,136.00. The vice president now has direct ownership of 16,257 shares of the company’s stock, which have an approximate value of $1,690,728 as a direct result of the transaction that took place. One can access a document that provides additional information regarding the transaction by going to the Securities and Exchange Commission (SEC) website. 0.45% of the total number of shares in the company are owned privately by employees and other company insiders.

Recent stock purchases and sales have involved participation from various institutional investors, including hedge funds, among other investment vehicles. During the second quarter, Parallel Advisors LLC achieved a 15.4% increase in the Qorvo stock it owned, thanks to the company’s successful stock acquisitions. During the most recent quarter, Parallel Advisors LLC increased its holdings in the stock of the semiconductor business by 109 shares, bringing its total number of shares to 819 with a value of $77,000. This brings the total value of the company’s holdings to $77,000. During the second quarter, Lindbrook Capital LLC successfully increased the total value of its holdings in Qorvo by a rate of 32.8%. Lindbrook Capital LLC now directly owns a total of 458 shares in the company, with a value of $43,000, following purchasing of an additional 113 shares in the semiconductor company during the most recent fiscal quarter. The transaction took place during the company’s most recent quarter. The Qorvo stock that Parkside Financial Bank & Trust owned as of the end of the first quarter of 2018 was 106.4% higher than at the beginning of the year. The total value of Parkside Financial Bank & Trust’s holdings in the stock of the semiconductor company is $28,000, and the institution currently possesses 225 of the company’s shares. This is a direct result of purchasing 116 additional shares during the company’s most recent fiscal quarter hedge funds, among other investment vehicles. During the second quarter, Parallel Advisors LLC achieved a 15.4% increase in the Qorvo stock it owned, thanks to the company’s successful stock acquisitions. During the most recent quarter, Parallel Advisors LLC increased its holdings in the stock of the semiconductor business by 109 shares, bringing its total number of shares to 819 with a value of $77,000. This brings the total value of the company’s holdings to $77,000. During the second quarter, Lindbrook Capital LLC successfully increased the total value of its holdings in Qorvo by a rate of 32.8%. Lindbrook Capital LLC now directly owns a total of 458 shares in the company, with a value of $43,000, following purchasing of an additional 113 shares in the semiconductor company during the most recent fiscal quarter. The transaction took place during the company’s most recent quarter. The Qorvo stock that Parkside Financial Bank & Trust owned as of the end of the first quarter of 2018 was 106.4% higher than at the beginning of the year. The total value of Parkside Financial Bank & Trust’s holdings in the stock of the semiconductor company is $28,000, and the institution currently possesses 225 of the company’s shares. This is a direct result of purchasing 116 additional shares during the company’s most recent fiscal quarter. The Hartford Investment Management Company increased the amount of Qorvo stock owned by 1.2% during the second quarter of this fiscal year. The Hartford Investment Management Co. now owns 10,331 shares in the organization after purchasing an additional 118 shares of the semiconductor company during the most recent quarter for a total cost of $970,000. This brings the total number of shares owned by the company to 10,331. During the year’s final three months, Condor Capital Management increased the amount of Qorvo stock owned by one percent. Condor Capital Management now has 12,208 shares of ownership in the organization after purchasing 125 shares of the semiconductor company during the most recent quarter for a total value of $969,000. This brings the company’s total number of ownership shares to 12,208. Shares of the company are owned by hedge funds and other types of institutional investors to the extent that they account for 86.47 percent of the total.

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