The Question Is Whether To Buy Or Not To Buy Qorvo Inc (NASDAQ: QRVO)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Qorvo® to Acquire Anokiwave.

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Stocks Info

Qorvo Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Semiconductors industry. At the end of the last regular session, the stock closed at $105.75 and fluctuated between $108.43 as its day high and $102.78 as its day low. The current market capitalization of Qorvo Inc is $10.29B. A total of 3.93 million shares were traded on the day, compared to an average of 1.36M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, QRVO has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 4,627 shares. Over the last 12 months, there were 31 BUYs and 61 SELLs from insiders. Insiders purchased 245,976 shares during that period but sold 156,259.

In the most recent transaction, CREVISTON STEVEN E sold 3,000 shares of QRVO for 110.00 per share on Dec 14. After the transaction, the SVP, Connectivity & Sensors now owns 80,552 company shares. In a previous transaction on Dec 11, Harrison Gina sold 365 shares at 105.00 per share. QRVO shares that VP and Corporate Controller owns now total 18,796.

Among the insiders who sold shares, Chesley Philip disposed of 10,580 shares on Dec 06 at a per-share price of $97.72. This resulted in the SVP, High Performance Analog holding 29,539 shares of QRVO after the transaction. In another insider transaction, RHINES WALDEN C bought 5,000 shares at $93.19 per share on Nov 27. Company shares held by the Director now total 67,145.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for QRVO in the last 3 months, the mean price target is $114.59 with high estimates of $136.00 and low estimates of $79.00. In terms of 52-week highs and lows, QRVO has a high of $114.97 and a low of $80.62.

As of this writing, QRVO has an earnings estimate of $1.17 per share for the current quarter. EPS was calculated based on a consensus of 22 estimates, with a high estimate of $1.38 per share and a lower estimate of $1.02. The company reported an EPS of $2.39 in the last quarter, which was 35.00% higher than expectations of $1.77.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. QRVO’s latest balance sheet shows that the firm has $972.59M in Cash & Short Term Investments as of fiscal 2022. There were $2.05B in debt and $675.13M in liabilities at the time. Its Book Value Per Share was $39.15, while its Total Shareholder’s Equity was $4.55B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for QRVO is Buy with a score of 3.29.

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