Qorvo (NASDAQ:QRVO) Issues Q2 Earnings Guidance

Qorvo (NASDAQ:QRVO) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.75-1.95 for the period, compared to the consensus EPS 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.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on QRVO. Susquehanna raised their target price on Qorvo from $95.00 to $145.00 and gave the stock a neutral rating in a research note on Wednesday, July 17th. Barclays increased their price target on Qorvo from $100.00 to $125.00 and gave the stock an equal weight rating in a report on Tuesday. Benchmark lowered their price target on Qorvo from $136.00 to $128.00 and set a buy rating for the company in a report on Thursday, May 2nd. The Goldman Sachs Group lowered their price target on Qorvo from $117.00 to $105.00 and set a neutral rating for the company in a report on Friday, May 3rd. Finally, StockNews.com upgraded Qorvo from a hold rating to a buy rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $114.41.

Qorvo Stock Down 2.5 %

Shares of QRVO traded down $3.01 during midday trading on Tuesday, hitting $119.46. The company had a trading volume of 2,788,448 shares, compared to its average volume of 1,347,418. The company’s 50-day simple moving average is $112.78 and its 200-day simple moving average is $110.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.41 and a current ratio of 1.99. The firm has a market capitalization of $11.35 billion, a P/E ratio of -163.64, a P/E/G ratio of 1.18 and a beta of 1.46. Qorvo has a 1 year low of $80.62 and a 1 year high of $130.99.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.16. The business 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 13.43% and a negative net margin of 1.86%. The business’s quarterly revenue was up 36.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 EPS. As a group, sell-side analysts expect that Qorvo will post 5.16 EPS for the current year.

Insider Buying and Selling

In other Qorvo news, CEO Robert A. Bruggeworth sold 15,279 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $100.00, for a total value 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 $19,016,100. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Robert A. Bruggeworth sold 22,299 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $99.31, for a total transaction of $2,214,513.69. Following the completion of the sale, the chief executive officer now owns 154,714 shares in the company, valued at $15,364,647.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert A. Bruggeworth sold 15,279 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $100.00, for a total value of $1,527,900.00. Following the transaction, the chief executive officer now directly owns 190,161 shares in the company, valued at approximately $19,016,100. The disclosure for this sale can be found here. Insiders sold a total of 45,372 shares of company stock worth $4,517,858 over the last 90 days. 0.46% of the stock is owned by insiders.

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.