10 Analysts Assess Qorvo: What You Need To Know

In the preceding three months, 10 analysts have released ratings for Qorvo QRVO, presenting a wide array of perspectives from bullish to bearish.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

Insights from analysts' 12-month price targets are revealed, presenting an average target of $103.9, a high estimate of $134.00, and a low estimate of $78.00. Experiencing a 8.68% decline, the current average is now lower than the previous average price target of $113.78.

Investigating Analyst Ratings: An Elaborate Study

The perception of Qorvo by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Qorvo. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Qorvo compared to the broader market.
• Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Qorvo's stock. This examination reveals shifts in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Qorvo's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Qorvo analyst ratings.

Delving into Qorvo's Background

Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.

Financial Milestones: Qorvo's Journey

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Revenue Growth: Qorvo's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -4.71%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Qorvo's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 8.83%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Qorvo's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.55%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): Qorvo's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.45%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.54, caution is advised due to increased financial risk.

How Are Analyst Ratings Determined?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.