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. This segment supplies its solutions for use in mobile devices, including smartphones, notebook computers, wearables, tablets, and cellular-based applications for the Internet of Things (IoT). The IDP segment supplies RF solutions for communications and defense applications, such as high performance defense systems comprising radar, electronic warfare and communication systems, Wi-Fi customer premises equipment for home and work, high speed connectivity in long-term evolution and 5G base stations, cloud connectivity via data center communications and telecom transport, and automotive connectivity and other IoT, including smart home solutions. This segment provides gallium arsenide, gallium nitride power amplifiers, LNAs, switches, complementary metal oxide semiconductor system-on-a-chip solutions, premium BAW and SAW filter solutions, and various multichip and hybrid assemblies. The company sells its products directly to customers, as well as through a network of domestic and foreign sales representative firms and distributors to original equipment manufacturers and original design manufacturers. Qorvo, Inc. was founded in 1991 and is headquartered in Greensboro, North Carolina.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:QRVO
CUSIPN/A
Phone336-664-1233
Debt
Debt-to-Equity Ratio0.12
Current Ratio3.39
Quick Ratio2.15
Price-To-Earnings
Trailing P/E Ratio17.27
Forward P/E Ratio14.32
P/E Growth1.25
Sales & Book Value
Annual Sales$2.97 billion
Price / Sales3.30
Cash Flow$10.0102 per share
Price / Cash7.81
Book Value$37.75 per share
Price / Book2.07
Profitability
EPS (Most Recent Fiscal Year)$4.78
Net Income$-40,280,000.00
Net Margins-1.31%
Return on Equity12.85%
Return on Assets9.79%
Miscellaneous
Employees8,300
Outstanding Shares125,640,000
Market Cap$10.24 billion
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) released its earnings results on Wednesday, August, 1st. The semiconductor company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.20. The semiconductor company earned $692.70 million during the quarter, compared to the consensus estimate of $656.97 million. Qorvo had a negative net margin of 1.31% and a positive return on equity of 12.85%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. View Qorvo's Earnings History.
When is Qorvo's next earnings date?
What guidance has Qorvo issued on next quarter's earnings?
Qorvo issued an update on its second quarter earnings guidance on Wednesday, August, 1st. The company provided EPS guidance of $1.62 for the period, compared to the Thomson Reuters consensus estimate of $1.59. The company issued revenue guidance of $850-$860 million, compared to the consensus revenue estimate of $853.30 million.
What price target have analysts set for QRVO?
24 brokerages have issued 12 month price targets for Qorvo's shares. Their forecasts range from $73.00 to $96.00. On average, they expect Qorvo's share price to reach $84.00 in the next year. This suggests a possible upside of 7.4% from the stock's current price. View Analyst Price Targets for Qorvo.
What is the consensus analysts' recommendation for Qorvo?
24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 2 sell ratings, 11 hold ratings and 11 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 reported stellar first-quarter results. Both earnings and revenues also increased year over year. The results reflected robust mobile growth in China and improved progress in IDP along with stringent cost control measures. The company benefited from increased demand in the performance-tier for RF Fusion based solutions as well as for antenna tuning, discrete components and BAW-based multiplexers. Expanding portfolio also bodes well. 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. Shares of Qorvo have outperformed industry in the past year. Nonetheless, 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." (8/6/2018)
- 2. Mizuho analysts commented, "We are adjusting our estimates and reiterating our Neutral and $74 PT. We are buyers of AVGO with better consistency and execution." (5/3/2018)
- 3. Needham & Company LLC analysts commented, "QRVO reported F4Q18 results at the high end of guidance, but the F1Q19 outlook came in well below expectations. F4Q18 revenue benefited from improving MP demand in China and record IDP revenue. However, F1Q19 revenue guidance was modestly below expectations and NG GM was guided to decline 400bps Q/ Q to 44%, well below our estimate of 48.5%, driven by product mix and costs associated with underutilized SAW capacity. Management expects a quick recovery from the F1Q19 trough and expects revenue to increase 9-10% Y/Y in FY19 and NG GM to recover to >50% in F2H19. Given uncertainty around QRVO’s share of mid-/high-band PAD modules at Apple and the near-term GM headwinds, we are taking a conservative view. We reduce our FY19 and FY20 estimates and lower our PT to $85 from $88, based on ~12.5x our CY19 NG EPS estimate." (5/3/2018)
Who are some of Qorvo's key competitors?
Some companies that are related to Qorvo include Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Kyocera (KYO), Microchip Technology (MCHP), Advanced Micro Devices (AMD), Xilinx (XLNX), STMicroelectronics (STM), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), ASE TECY HLDG C/S (ASX), IPG Photonics (IPGP) and ON Semiconductor (ON).
Who are Qorvo's key executives?
Qorvo's management team includes the folowing people:
- Mr. Robert A. Bruggeworth, Pres, CEO & Director (Age 57)
- Mr. Mark J. Murphy, Chief Financial Officer (Age 50)
- Ms. Gina B. Harrison, VP & Corp. Controller (Age 50)
- Mr. James L. Klein, Corp. VP and Pres of Infrastructure & Defense Products (Age 53)
- Mr. Steven E. Creviston, Corp. VP & Pres of Mobile Products (Age 54)
Has Qorvo been receiving favorable news coverage?
News headlines about QRVO stock have trended somewhat positive on Tuesday, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Qorvo earned a news impact score of 0.21 on Accern's scale. They also gave headlines about the semiconductor company an impact score of 45.53 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Qorvo.
Who are Qorvo's major shareholders?
Qorvo's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.18%), Vulcan Value Partners LLC (6.21%), Boston Partners (2.34%), Manning & Napier Group LLC (2.31%), FMR LLC (2.18%) and Iridian Asset Management LLC CT (2.05%). Company insiders that own Qorvo stock include Daniel A Dileo, Gina Harrison, James L Klein, Jeffery R Gardner, John R Harding, Mark J Murphy, 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 Manning & Napier Group LLC, FMR LLC, Ivory Investment Management LLC, Pinnacle Associates Ltd., Robecosam AG, Legal & General Group Plc, Bank of Montreal Can and Mackay Shields LLC. Company insiders that have sold Qorvo company stock in the last year include Daniel A Dileo, Gina Harrison, James L Klein, Jeffery R Gardner, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston and Walter H Wilkinson. View Insider Buying and Selling for Qorvo.
Which institutional investors are buying Qorvo stock?
QRVO stock was acquired by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, Vulcan Value Partners LLC, Millennium Management LLC, Advisors Asset Management Inc., Frontier Capital Management Co. LLC, BlackRock Inc., Teacher Retirement System of Texas and SG Americas Securities LLC. 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 $78.18.
How big of a company is Qorvo?
Qorvo has a market capitalization of $10.24 billion and generates $2.97 billion in revenue each year. The semiconductor company earns $-40,280,000.00 in net income (profit) each year or $4.78 on an earnings per share basis. Qorvo employs 8,300 workers across the globe.
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.
