Consider This Before Taking a Position in QRVO

Shares of Technology sector company Qorvo moved 3.6% today, and are now trading at a price of $102.39. The large-cap stock's daily volume was 1,036,334 compared to its average volume of 1,246,529. The S&P 500 index returned a 1.9% performance.

Qorvo, Inc. develops and commercializes technologies and products for wireless, wired, and power markets worldwide. The company is based in Greensboro and has 8,900 full time employees. Its market capitalization is $10,381,219,840.

23 analysts are following Qorvo and have set target prices ranging from $80 to $120 per share. On average, they have given the company a rating of hold. At today's prices, QRVO is trading 6.37% away from its average analyst target price of $96.26 per share.

Over the last year, QRVO shares have gone down by -25.6%, which represents a difference of -15.7% when compared to the S&P 500. The stock's 52 week high is $144.31 per share and its 52 week low is $75.38. With average free cash flows of $830,409,750.0 that have been growing at an average rate of 16.7% over the last four years, Qorvo declining stock performance may not be reflective of the quality of its underlying business.

Date Reported Cash Flow from Operations ($ MM) Capital expenditures ($ MM) Free Cash Flow ($ MM) YoY Growth (%)
2022-03-31 1,049 -213 836 -25.04
2021-03-31 1,302 -187 1,115 42.65
2020-03-31 946 -164 782 32.59
2019-03-31 810 -221 589 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.