In yesterday’s Wall Street session, Qorvo Inc (NASDAQ:QRVO) shares traded at $78.89, down -4.48% from the previous session.
QRVO stock price is now 5.82% away from the 50-day moving average and -18.02% away from the 200-day moving average. The market capitalization of the company currently stands at $7.37B.
With the price target enhanced from $85 to $110, Piper Sandler Upgraded its rating from Neutral to Overweight for Qorvo Inc (NASDAQ: QRVO). On January 21, 2025, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $90 to quote $106, while ‘Loop Capital’ rates the stock as ‘Hold’
In other news, Chesley Philip, SVP, High Performance Analog sold 4,045 shares of the company’s stock on Dec 05 ’24. The stock was sold for $283,757 at an average price of $70.15. Upon completion of the transaction, the SVP, High Performance Analog now directly owns 30,261 shares in the company, valued at $2.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’24, Officer Chesley Philip bought 4,045 shares of the business’s stock. A total of $283,757 was incurred on buying the stock at an average price of $70.15. A total of 0.78% of the company’s stock is owned by insiders.
During the past 12 months, Qorvo Inc has had a low of $64.54 and a high of $130.99. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 2.60, and a quick ratio of 1.78. According to the stock market information, the enterprise value for the company is $8973470720, which is based on a 278.86 price-to-earnings ratio, a 96.16 price-to-earnings-growth ratio, and a beta of 1.46. The fifty day moving average price for QRVO is $74.3278 and a two-hundred day moving average price translates $96.3551 for the stock.
The latest earnings results from Qorvo Inc (NASDAQ: QRVO) was released for 2024-09-28. The net profit margin was 0.71% and return on equity was 0.77% for QRVO. The company reported revenue of $1.05 billion for the quarter, compared to $1.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.16 percent.
