Providing a diverse range of perspectives from bullish to bearish, 10 analysts have published ratings on Qorvo (NASDAQ:QRVO) in the last three months.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 0 | 6 | 1 | 0 |
| Last 30D | 1 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 4 | 1 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $105.8, a high estimate of $128.00, and a low estimate of $95.00. A 6.92% drop is evident in the current average compared to the previous average price target of $113.67.
Interpreting Analyst Ratings: A Closer Look
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.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Kevin Cassidy | Rosenblatt | Maintains | Neutral | $105.00 | $105.00 |
| Quinn Bolton | Needham | Maintains | Buy | $110.00 | $110.00 |
| Toshiya Hari | Goldman Sachs | Lowers | Neutral | $105.00 | $117.00 |
| Tom O'Malley | Barclays | Lowers | Equal-Weight | $100.00 | $110.00 |
| Peter Peng | JP Morgan | Lowers | Underweight | $100.00 | $105.00 |
| Cody Acree | Benchmark | Lowers | Buy | $128.00 | $136.00 |
| Christopher Rolland | Susquehanna | Lowers | Neutral | $95.00 | $100.00 |
| Vijay Rakesh | Mizuho | Lowers | Neutral | $105.00 | $115.00 |
| Quinn Bolton | Needham | Lowers | Buy | $110.00 | $125.00 |
| Christopher Rolland | Susquehanna | Maintains | Neutral | $100.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Qorvo. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Qorvo compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Qorvo's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Qorvo's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Qorvo analyst ratings.
Discovering Qorvo: A Closer Look
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.
Qorvo: Financial Performance Dissected
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Qorvo's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 48.73%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Qorvo's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 0.29%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.08%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Qorvo's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.04%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.56, caution is advised due to increased financial risk.
The Significance of Analyst Ratings Explained
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.