10 analysts have shared their evaluations of Qorvo (NASDAQ:QRVO) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over 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 | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 2 | 0 | 4 | 1 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $110.3, with a high estimate of $145.00 and a low estimate of $95.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 1.34%.
Deciphering Analyst Ratings: An In-Depth Analysis
A comprehensive examination of how financial experts perceive Qorvo is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Christopher Rolland | Susquehanna | Raises | Neutral | $145.00 | $95.00 |
| 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 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Qorvo. This insight gives a snapshot of 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: Delving into movements, analysts provide estimates for the future value of Qorvo's stock. This analysis reveals shifts in analysts' expectations over time.
Capture valuable insights into Qorvo's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with 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.
Qorvo: Delving into Financials
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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 competitors, the company surpassed expectations with a growth rate higher than the average among peers in the 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): Qorvo's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.08%, the company may encounter challenges in delivering 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: Qorvo's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.56, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Analyst Ratings: What Are They?
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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.