10 analysts have expressed a variety of opinions on Qorvo QRVO over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 5 | 1 | 0 |
| Last 30D | 1 | 1 | 3 | 1 | 0 |
| 1M Ago | 0 | 1 | 2 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Qorvo, revealing an average target of $114.6, a high estimate of $134.00, and a low estimate of $100.00. Surpassing the previous average price target of $106.12, the current average has increased by 7.99%.
Deciphering Analyst Ratings: An In-Depth Analysis
A clear picture of Qorvo's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Harsh Kumar | Piper Sandler | Lowers | Neutral | $105.00 | $120.00 |
| Kevin Cassidy | Rosenblatt | Raises | Neutral | $105.00 | $95.00 |
| Srini Pajjuri | Raymond James | Raises | Outperform | $120.00 | $115.00 |
| Bill Peterson | JP Morgan | Raises | Underweight | $105.00 | $95.00 |
| Toshiya Hari | Goldman Sachs | Raises | Neutral | $117.00 | $104.00 |
| Quinn Bolton | Needham | Maintains | Buy | $125.00 | - |
| Srini Pajjuri | Raymond James | Raises | Outperform | $115.00 | $105.00 |
| Tom O'Malley | Barclays | Raises | Equal-Weight | $100.00 | $95.00 |
| Harsh Kumar | Piper Sandler | Announces | Neutral | $120.00 | - |
| Joseph Moore | Morgan Stanley | Raises | Overweight | $134.00 | $120.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Qorvo. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate 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.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Qorvo's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Qorvo analyst ratings.
All You Need to Know About Qorvo
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.
A Deep Dive into Qorvo's Financials
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 Challenges: Qorvo's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -4.71%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower 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 8.83%, 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 2.55%, the company may encounter challenges in delivering satisfactory returns for shareholders.
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: Qorvo's debt-to-equity ratio surpasses industry norms, standing at 0.54. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Understanding the Relevance of Analyst Ratings
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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