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 Date10/31/2019 (Confirmed)
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) announced its quarterly earnings results on Thursday, August, 1st. The semiconductor company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.23. The semiconductor company earned $775.60 million during the quarter, compared to the consensus estimate of $738.98 million. Qorvo had a return on equity of 15.77% and a net margin of 6.39%. The company's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. View Qorvo's Earnings History.
When is Qorvo's next earnings date?
How can I listen to Qorvo's earnings call?
Qorvo will be holding an earnings conference call on Thursday, October 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
What guidance has Qorvo issued on next quarter's earnings?
Qorvo updated its second quarter earnings guidance on Thursday, August, 1st. The company provided EPS guidance of $1.25-1.35 for the period, compared to the Thomson Reuters consensus EPS 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?
22 analysts have issued 1 year price objectives for Qorvo's shares. Their predictions range from $60.00 to $90.00. On average, they expect Qorvo's share price to reach $77.86 in the next year. This suggests that the stock has a possible downside of 1.8%. View Analyst Price Targets for Qorvo.
What is the consensus analysts' recommendation for Qorvo?
22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 10 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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?
Headlines about QRVO stock have trended extremely negative this week, according to InfoTrie. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Qorvo earned a news impact score of -4.3 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Qorvo.
Are investors shorting Qorvo?
Qorvo saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 4,770,000 shares, an increase of 13.6% from the August 30th total of 4,200,000 shares. Based on an average daily volume of 1,190,000 shares, the short-interest ratio is currently 4.0 days. Approximately 4.1% of the shares of the company are short sold. 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), STMicroelectronics (STM), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), ASE Technology (ASX), Advantest (ATEYY), Cypress Semiconductor (CY) 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 a number of of retail and institutional investors. Top institutional investors include Robecosam AG (0.32%), Robeco Institutional Asset Management B.V. (0.21%), Virginia Retirement Systems ET AL (0.12%), State of Alaska Department of Revenue (0.08%), Zurcher Kantonalbank Zurich Cantonalbank (0.07%) and F&V Capital Management LLC (0.07%). Company insiders that own Qorvo stock include Daniel A Dileo, Gina Harrison, James L Klein, John R Harding, Ralph Quinsey, Robert A Bruggeworth, Roderick Nelson, Steven E Creviston and Walter H Wilkinson. View Institutional Ownership Trends for Qorvo.
Which major investors are selling Qorvo stock?
QRVO stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, DNB Asset Management AS, F&V Capital Management LLC, Commerzbank Aktiengesellschaft FI, Envestnet Asset Management Inc., Stephens Inc. AR, Hanson & Doremus Investment Management and Crossmark Global Holdings Inc.. 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, Steven E Creviston and Walter H Wilkinson. View Insider Buying and Selling for Qorvo.
Which major investors are buying Qorvo stock?
QRVO stock was purchased by a variety of institutional investors in the last quarter, including Robecosam AG, Virginia Retirement Systems ET AL, Cambiar Investors LLC, Zurcher Kantonalbank Zurich Cantonalbank , State of Alaska Department of Revenue, Robeco Institutional Asset Management B.V., Assenagon Asset Management S.A. and Campbell & CO Investment Adviser 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, Robinhood, Fidelity and Charles Schwab.
What is Qorvo's stock price today?
One share of QRVO stock can currently be purchased for approximately $79.29.
How big of a company is Qorvo?
Qorvo has a market capitalization of $9.34 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.
