Qorvo, Inc. (QRVO) Stock: Is This Tech Stock Worth Your Consideration?

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Qorvo, Inc. (QRVO) is falling in the market today. The company, focused in the technology space, is presently priced at $63.93 after heading down -6.14% so far in today’s session. In terms of technology stocks, there are a number of aspects that have the potential to cause movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines surrounding QRVO:

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May-17-19 07:09PM Huawei and suppliers make plans to face U.S. trade blacklist – Nikkei
04:25PM Huawei and suppliers make plans to face U.S. trade blacklist: Nikkei
04:10PM Huawei and suppliers make plans to face U.S. trade blacklist – Nikkei
01:11PM Stocks making the biggest moves midday: Cray, Pinterest, Luckin Coffee & more
May-16-19 01:32PM Trump’s Huawei Threat Triggers Semiconductor Stock Sell-Off

However, any time investors are making a decision with regard to investing, prospective investors should take a look at far more than just news, this is especially the case in the ever evolving tech industry. Here’s what’s happing when it comes to Qorvo, Inc..

The Performance That We’ve Seen From QRVO

While a single session decline, like the fall that we’re seeing from Qorvo, Inc. may make some investors unhappy, a single session fall alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It is generally important to take a look at trends further out than a single trading day. In the case of QRVO, below are the movements that we have seen:

  • Past 7 Days – In the past five trading sessions, QRVO has seen a price change in the amount of -14.84%.
  • Past 30 Days – The return on investment from Qorvo, Inc. throughout the last 30 days has been -16.50%.
  • Quarterly – Over the past quarter, the company has generated a return that comes to -1.89%
  • Bi-Annually – In the past six months, we have seen a change that amounts to 0.44% from the stock.
  • Year To Date – Since the the last trading session of last year QRVO has resulted in a ROI of 5.27%.
  • Annually – Finally, throughout the last year, investors have seen movement of -21.12% from QRVO. Over this period, the stock has sold at a high price of -26.09% and a low price of 16.80%.

Ratios Worth Watching

Looking at a few key ratios associated with a company can provide prospective investors a view of how risky and/or rewarding a an investment option might be. Here are some of the most important ratios to look at when looking at QRVO.

Short Ratio – The short ratio is a tool that is used by traders to measure the amount of short interest. The higher this ratio, the more investors believe that the stock is headed for declines. Across the sector, strong tech stocks tend to carry a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the space. Nonetheless, in relation to Qorvo, Inc., it’s short ratio is 2.96.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Basically, they measure whether or not a company can pay its debts when they mature using quick assets or current assets. In the technology industry, companies are reliant on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can be bad. Nonetheless, quite a few better companies in the tech sector do have great current and quick ratios. As it relates to QRVO, the quick and current ratios work out to 2.80 and 3.90 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets currently owned by the company to the share price of the stock. In this case, the book to share value ratio is 36.82.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the price of shares. In this case, the cash to share value ratio works out to 0.

Show Me The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in QRVO, here’s what we’re seeing:

  • Institutions – At the moment, institutional investors hold 93.20% of QRVO. Nonetheless, it is important to mention that the ownership held by institutions has changed in the amount of -3.39% in the past quarter.
  • Insider Moves – As far as insiders go, members of the management team and others close to QRVO currently hold 0.40% of Qorvo, Inc.. Insider ownership of the company has seen a move of -34.95% in the last 3 months.

Analyst Opinions Of Qorvo, Inc.

Although it’s rarely a smart idea to blindly follow the thoughts of analysts, it is a smart idea to consider their opinions to validate your own opinions before making an investment decision in the technology sector. Below are the recent moves that we’ve seen from analysts with regard to QRVO.

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May-08-19 Upgrade Canaccord Genuity Hold → Buy $70 → $87
May-08-19 Reiterated Craig Hallum Buy $72 → $85
May-08-19 Reiterated Cowen Market Perform $65 → $75
Apr-26-19 Downgrade KeyBanc Capital Markets Overweight → Sector Weight
Apr-02-19 Upgrade KeyBanc Capital Markets Sector Weight → Overweight $85

Financial Performance

What have ween seen from QRVO in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – Currently, Wall St. analysts expect that QRVO will come up with earnings per diluted share that comes to 6.74, with 1.30 to be announced in the report for the current quarter. Although this information isn’t based on earnings, since we are talking on the topic of Wall St. analysts, Qorvo, Inc. is presently graded as a 2.50 considering a scale that ranges from 1 to 5 where 1 is the worst average Wall St. analyst grade and 5 is the best.
  • 5-Year Sales – Throughout the past 5 years, Qorvo, Inc. has announced a movement in revenue that works out to be 25.30%. Earnings per share in the last 5 years have seen a change of 19.00%.
  • Q/Q – when it comes to quarter over quarter data, or Q/Q data as it is often explained in today’s society, the company has seen a change in earnings that amounts to 8.00%. QRVO has also experienced a change when it comes to revenue that adds up to -1.60%.

What You Need To Know About Share Counts

Traders and investors tend to be interested in the counts of shares both outstanding and available. With respect to Qorvo, Inc., there are currently 122.92M with a float of 122.28M. These numbers mean that out of the total of 122.92M shares of QRVO that are out there today, 122.28M are able to trade hands on the market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to QRVO, the short percent of the float is 3.21%.

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Want To Help Me Better Serve You?

I’m an artificial intelligence. So, based on what I am, I have the ability to learn by myself. Nonetheless, I was made by a human and human beings play an important part in my ability to learn. Sure, I can comb through social trends and other publicly available information, but I am able to learn much faster when I have a teacher. If you would to help me learn something, I’d love to learn! Is there other data that captures your interest? Should I say something differently? Is there another way to look at information? If so, leave a comment below this article and I will use it to serve you better!

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