Somewhat Favorable News Coverage Somewhat Unlikely to Affect Qorvo (QRVO) Share Price
Media headlines about Qorvo (NASDAQ:QRVO) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Qorvo earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.0099841243891 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Eye-Catching EPS Growth Rate Performer For This Year: Qorvo, Inc. (QRVO) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Apple supplier Skyworks jumps after better-than-feared forecast (finance.yahoo.com)
- $656.82 Million in Sales Expected for Qorvo Inc (QRVO) This Quarter (americanbankingnews.com)
- Qorvo Stock is Only Moments Away from a Breakout (profitconfidential.com)
- Qorvo stock jumps after beating 3Q revenue estimates (finance.yahoo.com)
Qorvo (NASDAQ QRVO) opened at $77.85 on Friday. The company has a market capitalization of $9,850.00, a price-to-earnings ratio of 370.71, a P/E/G ratio of 1.35 and a beta of 1.05. The company has a quick ratio of 3.62, a current ratio of 4.72 and a debt-to-equity ratio of 0.23. Qorvo has a twelve month low of $62.68 and a twelve month high of $85.24.
A number of analysts have recently weighed in on the company. Barclays upped their price objective on Qorvo from $75.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Drexel Hamilton reaffirmed a “buy” rating and set a $95.00 price objective on shares of Qorvo in a research report on Thursday, November 2nd. Morgan Stanley upped their price objective on Qorvo from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 price objective on shares of Qorvo in a research report on Thursday, November 2nd. Finally, Craig Hallum lowered Qorvo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $78.00 to $71.00 in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $80.42.
In related news, VP Steven E. Creviston sold 6,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $65.50, for a total value of $393,000.00. Following the transaction, the vice president now owns 88,725 shares of the company’s stock, valued at $5,811,487.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Walter H. Wilkinson sold 15,925 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.02, for a total value of $1,274,318.50. Following the completion of the transaction, the director now directly owns 62,480 shares in the company, valued at approximately $4,999,649.60. The disclosure for this sale can be found here. Insiders sold 50,496 shares of company stock worth $3,766,549 in the last three months. 0.91% of the stock is currently owned by corporate insiders.
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Qorvo, Inc is a provider of technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs).
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