Qorvo, Inc provides radio frequency (RF) solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) segments. The MP segment offers cellular RF and WiFi solutions, bulk acoustic wave (BAW) and surface acoustic wave (SAW) filters, power amplifiers (PAs), low noise amplifiers (LNAs), switches, multi-band PAs and transmit modules, RF power management integrated circuits, diversity receive modules, antenna switch modules, antenna tuning and control solutions, modules incorporating PAs and duplexers, and modules incorporating switches, PAs, and duplexers.
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Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
Phone336-664-1233
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.09 billion
Profitability
Miscellaneous
Employees8,100
Next Earnings Date10/30/2019 (Estimated)
OptionableOptionable
Qorvo (NASDAQ:QRVO) Frequently Asked Questions
What is Qorvo's stock symbol?
Qorvo trades on the NASDAQ under the ticker symbol "QRVO."
How were Qorvo's earnings last quarter?
Qorvo Inc (NASDAQ:QRVO) posted its quarterly earnings data on Thursday, August, 1st. The semiconductor company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.23. The semiconductor company had revenue of $775.60 million for the quarter, compared to analysts' expectations of $738.98 million. Qorvo had a return on equity of 15.77% and a net margin of 6.39%. The business's revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. View Qorvo's Earnings History.
When is Qorvo's next earnings date?
What guidance has Qorvo issued on next quarter's earnings?
Qorvo updated its second quarter earnings guidance on Thursday, August, 1st. The company provided earnings per share guidance of $1.25-1.35 for the period, compared to the Thomson Reuters consensus estimate of $1.23. The company issued revenue guidance of $745-765 million, compared to the consensus revenue estimate of $740.22 million.
What price target have analysts set for QRVO?
21 Wall Street analysts have issued twelve-month target prices for Qorvo's shares. Their predictions range from $60.00 to $90.00. On average, they anticipate Qorvo's stock price to reach $76.50 in the next twelve months. This suggests a possible upside of 6.8% from the stock's current price. View Analyst Price Targets for Qorvo.
What is the consensus analysts' recommendation for Qorvo?
21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 11 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Qorvo.
What are Wall Street analysts saying about Qorvo stock?
Here are some recent quotes from research analysts about Qorvo stock:
- 1. According to Zacks Investment Research, "Qorvo is a leading provider of core technologies and radio frequency (RF) solutions for mobile, infrastructure and aerospace/defense applications. The company is benefiting from increased demand in the performance-tier for RF Fusion based solutions, antenna tuning, discrete components and BAW-based multiplexers. The company’s 5G and GaN solutions hold promise. Further, robust growth in company’s wireless connectivity as well as in base station solutions is a positive. However, the company faces challenges owing to weakness in flagship smartphone product volumes and softness in China domestic market. Qorvo operates in a competitive landscape that is becoming more complex with low barriers to entry. Customer concentration from the likes of Apple and Huawei, among others is a headwind. In fact, recent blaclisting of Huawei by BIS compelled Qorvo to trim outlook, which limits near-term growth prospects." (5/23/2019)
- 2. Needham & Company LLC analysts commented, "QRVO reported strong F2Q19 results that easily beat guidance and Street estimates driven by the ramp of flagship smartphone products and growth in IDP’s Infrastructure market. The F3Q19 revenue and NG EPS outlook was slightly below the Street, but higher than our estimates. Management continues to expect FY19 revenue to grow ~10% and guided NG GM to recover to 50% or more in F2H19. QRVO is seeing increasing demand and design traction for its 5G solutions in MP and IDP , and while QRVO has take a measured approach in forecasting its China business in F2H19, we believe the company remains well positioned for growth due to new opportunities and share gains in its IDP and MP businesses. We maintain our Buy rating and $92 PT , which is ~12x our CY20 NG EPS estimate." (11/1/2018)
Has Qorvo been receiving favorable news coverage?
News stories about QRVO stock have trended negative recently, InfoTrie reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Qorvo earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave news coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Qorvo.
Are investors shorting Qorvo?
Qorvo saw a decline in short interest during the month of July. As of July 31st, there was short interest totalling 3,956,000 shares, a decline of 10.4% from the June 30th total of 4,416,100 shares. Based on an average daily volume of 1,550,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 3.2% of the shares of the stock are sold short. View Qorvo's Current Options Chain.
Who are some of Qorvo's key competitors?
Some companies that are related to Qorvo include NXP Semiconductors (NXPI), Advanced Micro Devices (AMD), TOKYO ELECTRON/ADR (TOELY), Xilinx (XLNX), Kyocera (KYOCY), Microchip Technology (MCHP), Infineon Technologies (IFNNY), Marvell Technology Group (MRVL), STMicroelectronics (STM), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), ASE Technology (ASX), Cypress Semiconductor (CY), Advantest (ATEYY) and ON Semiconductor (ON).
What other stocks do shareholders of Qorvo own?
Who are Qorvo's key executives?
Qorvo's management team includes the folowing people:
- Mr. Robert A. Bruggeworth, Pres, CEO & Director (Age 58)
- Mr. Mark J. Murphy, Chief Financial Officer (Age 51)
- Ms. Gina B. Harrison, VP & Corp. Controller (Age 51)
- Mr. James L. Klein, Corp. VP and Pres of Infrastructure & Defense Products (Age 54)
- Mr. Steven E. Creviston, Corp. VP & Pres of Mobile Products (Age 55)
Who are Qorvo's major shareholders?
Qorvo's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.33%), BlackRock Inc. (7.44%), Baupost Group LLC MA (7.37%), Iridian Asset Management LLC CT (2.11%), Northern Trust Corp (1.38%) and Invesco Ltd. (1.06%). Company insiders that own Qorvo stock include Daniel A Dileo, Gina Harrison, James L Klein, Jeffery R Gardner, John R Harding, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston and Walter H Wilkinson. View Institutional Ownership Trends for Qorvo.
Which institutional investors are selling Qorvo stock?
QRVO stock was sold by a variety of institutional investors in the last quarter, including Baupost Group LLC MA, Price T Rowe Associates Inc. MD, Robecosam AG, Prudential Financial Inc., Strs Ohio, Teacher Retirement System of Texas, M.D. Sass Investors Services Inc. and Pinnacle Associates Ltd.. Company insiders that have sold Qorvo company stock in the last year include Gina Harrison, James L Klein, John R Harding, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson and Steven E Creviston. View Insider Buying and Selling for Qorvo.
Which institutional investors are buying Qorvo stock?
QRVO stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Nuveen Asset Management LLC, Point72 Asset Management L.P., Panagora Asset Management Inc., Robeco Institutional Asset Management B.V., Janus Henderson Group PLC, Janus Henderson Group PLC and Invesco Ltd.. View Insider Buying and Selling for Qorvo.
How do I buy shares of Qorvo?
Shares of QRVO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Qorvo's stock price today?
One share of QRVO stock can currently be purchased for approximately $71.61.
How big of a company is Qorvo?
Qorvo has a market capitalization of $8.43 billion and generates $3.09 billion in revenue each year. The semiconductor company earns $133.13 million in net income (profit) each year or $5.25 on an earnings per share basis. Qorvo employs 8,100 workers across the globe.View Additional Information About Qorvo.
What is Qorvo's official website?
How can I contact Qorvo?
Qorvo's mailing address is 7628 THORNDIKE ROAD, GREENSBORO NC, 27409. The semiconductor company can be reached via phone at 336-664-1233 or via email at [email protected]
MarketBeat Community Rating for Qorvo (NASDAQ QRVO)
MarketBeat's community ratings are surveys of what our community members think about Qorvo and other stocks. Vote "Outperform" if you believe QRVO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe QRVO will underperform the S&P 500 over the long term. You may vote once every thirty days.
