Qorvo Inc (NASDAQ: QRVO) is 4.13% higher on its value in year-to-date trading and has touched a low of $64.54 and a high of $130.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The QRVO stock was last observed hovering at around $71.91 in the last trading session, with the day’s gains setting it 0.91%.
Currently trading at $72.82, the stock is 2.53% and 4.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.11 million and changing 1.27% at the moment leaves the stock -26.10% off its SMA200. QRVO registered -29.78% loss for a year compared to 6-month loss of -42.35%. The firm has a 50-day simple moving average (SMA 50) of $69.8306 and a 200-day simple moving average (SMA200) of $98.7533.
The stock witnessed a 5.44% gain in the last 1 month and extending the period to 3 months gives it a -28.49%, and is 0.94% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.27% over the week and 2.64% over the month.
Qorvo Inc (QRVO) has around 8700 employees, a market worth around $6.88B and $3.95B in sales. Fwd P/E is 12.23. Profit margin for the company is -3.58%. Distance from 52-week low is 12.83% and -44.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.85%).
with sales reaching $910.83M over the same period.The EPS is expected to shrink by -22.53% this year, but quarterly earnings will post -2.46% year-over-year. Quarterly sales are estimated to shrink -15.18% in year-over-year returns.
Qorvo Inc (QRVO) Top Institutional Holders
853.0 institutions hold shares in Qorvo Inc (QRVO), with institutional investors hold 91.92% of the company’s shares. The shares outstanding are 94.66M, and float is at 93.79M with Short Float at 8.06%. Institutions hold 91.49% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.84 million shares valued at $1.37 billion. The investor’s holdings represent 12.135% of the QRVO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.53 million shares valued at $1.11 billion to account for 9.7723 of the shares outstanding. The other top investors are STATE STREET CORP which holds 4.6 million shares representing 4.7121% and valued at over $533.44 million, while CAPITAL RESEARCH GLOBAL INVESTORS holds 4.2981 of the shares totaling 4.19 million with a market value of $486.57 million.
Qorvo Inc (QRVO) Insider Activity
The most recent transaction is an insider sale by Chesley Philip, the company’s SVP, High Performance Analog. SEC filings show that Chesley Philip sold 4,045 shares of the company’s common stock on Dec 05 ’24 at a price of $70.15 per share for a total of $0.28 million. Following the sale, the insider now owns 30261.0 shares.
Still, SEC filings show that on Nov 15 ’24, Chesley Philip (SVP, High Performance Analog) disposed off 1,565 shares at an average price of $65.63 for $0.1 million. The insider now directly holds 34,306 shares of Qorvo Inc (QRVO).
