Currently, there are 94.66M common shares owned by the public and among those 93.79M shares have been available to trade.
The company’s stock has a 5-day price change of -2.06% and -13.81% over the past three months. QRVO shares are trading 22.67% year to date (YTD), with the 12-month market performance down to -19.41% lower. It has a 12-month low price of $64.54 and touched a high of $130.99 over the same period. QRVO has an average intraday trading volume of 3.20 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.95%, 18.70%, and -11.74% respectively.
Institutional ownership of Qorvo Inc (NASDAQ: QRVO) shares accounts for 100.36% of the company’s 94.66M shares outstanding.
It has a market capitalization of $8.11B and a beta (3y monthly) value of 1.41. The earnings-per-share (ttm) stands at -$1.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.99% over the week and 3.07% over the month.
Earnings per share for the fiscal year are expected to decrease by -22.44%, and 22.53% over the next financial year.
Looking at the support for the QRVO, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on January 27, 2025, with the firm’s price target at $85-$110. Morgan Stanley coverage for the Qorvo Inc (QRVO) stock in a research note released on January 21, 2025 offered a Overweight rating with a price target of $106. Loop Capital was of a view on November 12, 2024 that the stock is Hold, while TD Cowen gave the stock Hold rating on October 30, 2024, issuing a price target of $125- $85. The Benchmark Company on their part issued Hold rating on October 30, 2024.
