Qorvo Inc (NASDAQ:QRVO) is set to issue its quarterly earnings data after the market closes on Thursday, February 4th. Analysts expect the company to announce earnings of $0.94 per share for the quarter.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The company had revenue of $708.30 million for the quarter, compared to analyst estimates of $699.43 million. The company’s revenue was up 11.6% on a year-over-year basis. On average, analysts expect Qorvo to post $4.17 EPS for the current fiscal year and $5.02 EPS for the next fiscal year.

In related news, VP Steven E. Creviston sold 10,000 shares of the business’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $50.60, for a total value of $506,000.00. Following the sale, the vice president now directly owns 139,124 shares of the company’s stock, valued at approximately $7,039,674.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel A. Dileo sold 3,000 shares of Qorvo stock in a transaction on Thursday, December 3rd. The shares were sold at an average price of $58.65, for a total transaction of $175,950.00. Following the completion of the sale, the director now owns 18,460 shares in the company, valued at $1,082,679. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Qorvo stock. Russell Frank Co raised its stake in shares of Qorvo Inc (NASDAQ:QRVO) by 68.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,701 shares of the company’s stock after buying an additional 49,060 shares during the period. Russell Frank Co owned about 0.09% of Qorvo worth $6,237,000 at the end of the most recent quarter.

Several analysts have recently weighed in on QRVO shares. Zacks Investment Research lowered shares of Qorvo from a “buy” rating to a “hold” rating in a report on Thursday, October 15th. Chardan Capital reaffirmed a “buy” rating on shares of Qorvo in a report on Friday, January 15th. Drexel Hamilton started coverage on shares of Qorvo in a report on Tuesday, October 20th. They set a “buy” rating and a $80.00 price objective for the company. Barclays reaffirmed an “equal weight” rating and set a $50.00 price objective (down previously from $65.00) on shares of Qorvo in a report on Tuesday, October 13th. Finally, Mizuho dropped their price objective on shares of Qorvo from $80.00 to $70.00 in a report on Friday, October 16th. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $65.45.

Shares of Qorvo Inc (NASDAQ:QRVO) traded down 4.20% during midday trading on Tuesday, hitting $38.29. The stock had a trading volume of 290,449 shares. The stock has a market cap of $5.41 billion and a PE ratio of 50.32. Qorvo Inc has a 52 week low of $35.16 and a 52 week high of $88.35. The stock has a 50-day moving average of $45.70 and a 200 day moving average of $51.83.

Qorvo, Inc. provides core technologies and radio frequency (NASDAQ:QRVO) solutions for mobile, infrastructure and defense and aerospace applications. The Company offers amplification, filtering and switching products for RF, microwave and millimeter-wave applications. It serves the mobile device, networks infrastructure and defense and aerospace markets. It designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers and original design manufacturers. Its operating segments include Mobile Products (MP) and Infrastructure and Defense Products (IDP). The MP segment supplies RF solutions that perform various functions in the complex cellular radio front end section of smartphones and other cellular devices. The IDP segment supplies an array of RF solutions to wireless network infrastructure, defense and aerospace markets and short-range connectivity applications for commercial, consumer, industrial and automotive markets.

12 Month Chart for NASDAQ:QRVO

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