Qorvo (NASDAQ:QRVO – Get Free Report) posted its quarterly earnings data on Tuesday. The semiconductor company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03, Briefing.com reports. Qorvo had a negative net margin of 0.66% and a positive return on equity of 14.92%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $1.99 EPS. The company’s revenue was down 5.2% on a year-over-year basis. Qorvo updated its Q3 guidance to $1.10-1.30 EPS.
Qorvo Stock Performance
QRVO traded up $0.22 during trading on Tuesday, hitting $100.48. The stock had a trading volume of 2,610,247 shares, compared to its average volume of 1,350,667. The firm has a market cap of $9.55 billion, a PE ratio of -137.56, a P/E/G ratio of 1.20 and a beta of 1.45. Qorvo has a 12 month low of $80.62 and a 12 month high of $130.99. The company has a current ratio of 1.95, a quick ratio of 1.36 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $105.07 and a 200-day simple moving average of $108.06.
Insider Buying and Selling
In other Qorvo news, VP Gina Harrison sold 689 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $107.67, for a total value of $74,184.63. Following the sale, the vice president now directly owns 21,601 shares in the company, valued at $2,325,779.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.46% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Report on Qorvo
About Qorvo
Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.
Featured Articles
- Five stocks we like better than Qorvo
- Dividend Capture Strategy: What You Need to Know
- Is McDonald’s Stock a Smart Buy After Sell-Off and Earnings?
- Golden Cross Stocks: Pattern, Examples and Charts
- QuantumScape: Solid State EV Batteries Nearing Commercialization
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- MicroStrategy: Is This Bitcoin-Powered Stock a Buy or a Gamble?
Receive News & Ratings for Qorvo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qorvo and related companies with MarketBeat.com's FREE daily email newsletter.