Qorvo (NASDAQ:QRVO) Releases Q2 Earnings Guidance

Qorvo (NASDAQ:QRVO) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.75-1.95 for the period, compared to the consensus estimate of $1.82. The company issued revenue guidance of ~$1.025 billion, compared to the consensus revenue estimate of $1.02 billion. Qorvo also updated its Q2 2025 guidance to 1.750-1.950 EPS.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Susquehanna dropped their price target on shares of Qorvo from $145.00 to $135.00 and set a neutral rating for the company in a research report on Wednesday. Piper Sandler reiterated a neutral rating and issued a $120.00 target price (up previously from $105.00) on shares of Qorvo in a report on Wednesday. Craig Hallum upped their price target on Qorvo from $124.00 to $142.00 and gave the stock a buy rating in a research note on Wednesday. Benchmark cut their price objective on Qorvo from $136.00 to $128.00 and set a buy rating on the stock in a report on Thursday, May 2nd. Finally, StockNews.com cut Qorvo from a buy rating to a hold rating in a report on Thursday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $120.83.

Qorvo Stock Down 0.4 %

NASDAQ QRVO traded down $0.40 during mid-day trading on Friday, reaching $110.25. 525,789 shares of the company’s stock traded hands, compared to its average volume of 1,367,659. The company has a current ratio of 1.99, a quick ratio of 1.41 and a debt-to-equity ratio of 0.44. Qorvo has a 1-year low of $80.62 and a 1-year high of $130.99. The company has a fifty day simple moving average of $113.19 and a 200-day simple moving average of $110.68. The company has a market cap of $10.48 billion, a price-to-earnings ratio of -150.30, a P/E/G ratio of 1.18 and a beta of 1.46.

Qorvo (NASDAQ:QRVO) last released its earnings results on Tuesday, July 30th. The semiconductor company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.71 by $0.16. The company had revenue of $886.70 million during the quarter, compared to analysts’ expectations of $851.95 million. Qorvo had a positive return on equity of 14.73% and a negative net margin of 0.66%. The business’s revenue was up 36.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 EPS. As a group, equities research analysts expect that Qorvo will post 5.07 EPS for the current year.

Insider Activity

In other news, CEO Robert A. Bruggeworth sold 15,279 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $100.00, for a total transaction of $1,527,900.00. Following the completion of the sale, the chief executive officer now owns 190,161 shares in the company, valued at approximately $19,016,100. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Robert A. Bruggeworth sold 15,279 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $100.00, for a total value of $1,527,900.00. Following the sale, the chief executive officer now owns 190,161 shares in the company, valued at approximately $19,016,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John R. Harding sold 941 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $97.36, for a total transaction of $91,615.76. Following the sale, the director now owns 6,950 shares of the company’s stock, valued at approximately $676,652. The disclosure for this sale can be found here. In the last three months, insiders sold 45,372 shares of company stock valued at $4,517,858. Company insiders own 0.46% of the company’s stock.

Qorvo Company Profile

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.