Qorvo (NASDAQ:QRVO – Get Free Report) issued its quarterly earnings data on Wednesday. The semiconductor company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18, Briefing.com reports. Qorvo had a positive return on equity of 10.41% and a negative net margin of 6.11%. The firm had revenue of $941.00 million during the quarter, compared to analyst estimates of $927.24 million. During the same quarter last year, the firm earned $0.11 EPS. Qorvo’s quarterly revenue was up 48.7% on a year-over-year basis. Qorvo updated its Q1 guidance to $0.60-0.80 EPS and its Q1 2025 guidance to 0.600-0.800 EPS.
Qorvo Price Performance
Shares of NASDAQ QRVO opened at $111.89 on Thursday. The stock has a market cap of $10.80 billion, a P/E ratio of -52.04, a P/E/G ratio of 0.93 and a beta of 1.53. The firm’s 50-day simple moving average is $113.84 and its 200 day simple moving average is $105.64. Qorvo has a fifty-two week low of $80.62 and a fifty-two week high of $121.65. The company has a quick ratio of 1.33, a current ratio of 1.90 and a debt-to-equity ratio of 0.43.
Insider Activity at Qorvo
In other news, VP Gina Harrison sold 354 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $114.00, for a total value of $40,356.00. Following the completion of the sale, the vice president now directly owns 18,442 shares of the company’s stock, valued at approximately $2,102,388. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Steven E. Creviston sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $120.00, for a total transaction of $360,000.00. Following the sale, the senior vice president now owns 77,552 shares in the company, valued at $9,306,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gina Harrison sold 354 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $114.00, for a total transaction of $40,356.00. Following the sale, the vice president now owns 18,442 shares of the company’s stock, valued at $2,102,388. The disclosure for this sale can be found here. Insiders sold 6,381 shares of company stock worth $745,434 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.
Wall Street Analyst Weigh In
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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.
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