Qorvo, Inc. (QRVO, Financial) saw a notable drop in its stock price, falling by 1.99% to $99.97 per share. The trading volume reached 348,362 shares, with a turnover rate of 0.37% and a price fluctuation range of 1.27%.
The recent earnings report showed Qorvo generated $887 million in revenue but had a net profit of only $414,000, leading to a zero per-share earnings and a gross profit of $332 million. The company's price-to-earnings ratio is notably low at -363.18.
In terms of analyst ratings, out of 28 firms covering the stock, 32% recommended it as a buy, 57% as hold, and 11% suggested selling.
Within the semiconductor sector, Qorvo's decline was part of an overall sector decrease of 0.14%. Comparatively, other stocks like Peraso Inc. and Acm Research, Inc. showed significant increases. Notable active stocks included Acm Research, Inc. with a turnover rate of 8.57% and a price amplitude of 15.11%.
Qorvo was established through the merger of RF Micro Devices and TriQuint Semiconductor in January 2015. The company specializes in RF filters, power amplifiers, and front-end modules for advanced smartphones, while also providing products for wireless base stations, network equipment, and military applications.
