Qorvo Inc [QRVO] stock prices are up 14.40% to $71.67 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The QRVO shares have gain 19.63% over the last week, with a monthly amount drifted -1.02%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Qorvo Inc [NASDAQ: QRVO] stock has seen the most recent analyst activity on April 30, 2025, when The Benchmark Company upgraded its rating to a Buy but kept the price target unchanged to $95 for it. Previously, TD Cowen reaffirmed its Hold rating on April 30, 2025, and dropped its price target to $80. On January 27, 2025, upgrade upgraded it’s rating to Overweight and revised its price target to $110 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $106 on January 21, 2025. Loop Capital initiated its recommendation with a Hold and recommended $73 as its price target on November 12, 2024. TD Cowen reiterated a Hold rating for this stock on October 30, 2024, and downed its price target to $85. In a note dated October 30, 2024, The Benchmark Company downgraded an Hold rating on this stock.
The stock price of Qorvo Inc [QRVO] has been fluctuating between $49.46 and $130.99 over the past year. Currently, Wall Street analysts expect the stock to reach $75 within the next 12 months. Qorvo Inc [NASDAQ: QRVO] shares were valued at $71.67 at the most recent close of the market. An investor can expect a potential return of 4.65% based on the average QRVO price forecast.
Analyzing the QRVO fundamentals
The Qorvo Inc [NASDAQ:QRVO] reported sales of 3.72B for trailing twelve months, representing a drop of -7.60%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.7, Equity is 0.02 and Total Capital is 1.1.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 68.56 points at the first support level, and at 65.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.31, and for the 2nd resistance point, it is at 74.95.
Ratios To Look Out For
It’s worth pointing out that Qorvo Inc [NASDAQ:QRVO]’s Current Ratio is 2.60. As well, the Quick Ratio is 1.78. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 1.98 and price to earnings (TTM) ratio is 253.34.
Transactions by insiders
Recent insider trading involved Chesley Philip, SVP, High Performance Analog, that happened on Dec 05 ’24 when 4045.0 shares were sold. Officer, Chesley Philip completed a deal on Dec 05 ’24 to buy 4045.0 shares. Meanwhile, SVP, High Performance Analog Chesley Philip sold 1565.0 shares on Nov 15 ’24.
