Qorvo Inc. [NASDAQ: QRVO] stock went on an upward path that rose over 1.82% on Tuesday, amounting to a one-week price decrease of less than -0.34%.
Over the last 12 months, QRVO stock rose by 76.38%. The one-year Qorvo Inc. stock forecast points to a potential upside of 7.16. The average equity rating for QRVO stock is currently 2.20, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $14.86 billion, with 114.59 million shares outstanding and 113.74 million shares in the current float. Compared to the average trading volume of 1.34M shares, QRVO stock reached a trading volume of 1105572 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Qorvo Inc. [QRVO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QRVO shares is $140.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QRVO stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cowen have made an estimate for Qorvo Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 09, 2020. The new note on the price target was released on July 30, 2020, representing the official price target for Qorvo Inc. stock. Previously, the target price had yet another raise from $120 to $140, while Cowen kept a Outperform rating on QRVO stock.
The Average True Range (ATR) for Qorvo Inc. is set at 4.68, with the Price to Sales ratio for QRVO stock in the period of the last 12 months amounting to 4.57. The Price to Book ratio for the last quarter was 3.44, with the Price to Cash per share for the same quarter was set at 10.00. Price to Free Cash Flow for QRVO in the course of the last twelve months was 19.58 with Quick ratio for the last quarter at 3.10.
QRVO Stock Performance Analysis:
Qorvo Inc. [QRVO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.34. With this latest performance, QRVO shares gained by 1.14% in over the last four-week period, additionally plugging by 62.19% over the last 6 months – not to mention a rise of 76.38% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QRVO stock in for the last two-week period is set at 55.16, with the RSI for the last a single of trading hit 58.38, and the three-weeks RSI is set at 54.89 for Qorvo Inc. [QRVO]. The present Moving Average for the last 50 days of trading for this stock 126.90, while it was recorded at 127.12 for the last single week of trading, and 108.23 for the last 200 days.
Insight into Qorvo Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Qorvo Inc. [QRVO] shares currently have an operating margin of +16.27 and a Gross Margin at +42.00. Qorvo Inc.’s Net Margin is presently recorded at +10.32.
Return on Total Capital for QRVO is now 9.39, given the latest momentum, and Return on Invested Capital for the company is 5.97. Return on Equity for this stock inclined to 7.73, with Return on Assets sitting at 5.41. When it comes to the capital structure of this company, Qorvo Inc. [QRVO] has a Total Debt to Total Equity ratio set at 38.39. Additionally, QRVO Total Debt to Total Capital is recorded at 27.74, with Total Debt to Total Assets ending up at 25.12. Long-Term Debt to Equity for the company is recorded at 37.86, with the Long-Term Debt to Total Capital now at 27.36.
Reflecting on the efficiency of the workforce at the company, Qorvo Inc. [QRVO] managed to generate an average of $42,320 per employee. Receivables Turnover for the company is 8.16 with a Total Asset Turnover recorded at a value of 0.52.Qorvo Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 4.10.
QRVO Stock EPS
With the latest financial reports released by the company, Qorvo Inc. posted 1.52/share EPS, while the average EPS was predicted by analysts to be reported at 1.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for QRVO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Qorvo Inc. go to 12.35%.
Qorvo Inc. [QRVO] Insider Position Details
There are presently around $13,068 million, or 89.20% of QRVO stock, in the hands of institutional investors. The top three institutional holders of QRVO stocks are: VANGUARD GROUP INC with ownership of 13,109,393, which is approximately -3.649% of the company’s market cap and around 0.50% of the total institutional ownership; VULCAN VALUE PARTNERS, LLC, holding 9,362,981 shares of the stock with an approximate value of $1.22 billion in QRVO stocks shares; and BLACKROCK INC., currently with $1.18 billion in QRVO stock with ownership of nearly -1.21% of the company’s market capitalization.
Positions in Qorvo Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 304 institutional holders increased their position in Qorvo Inc. [NASDAQ:QRVO] by around 10,144,076 shares. Additionally, 263 investors decreased positions by around 14,453,722 shares, while 74 investors held positions by with 75,333,021 shares. The mentioned changes placed institutional holdings at 99,930,819 shares, according to the latest SEC report filing. QRVO stock had 111 new institutional investments in for a total of 3,698,704 shares, while 47 institutional investors sold positions of 1,113,545 shares during the same period.