NASDAQ:QRVO - Qorvo Stock Price, News, & Analysis

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$69.12 -0.99 (-1.41 %)
(As of 03/21/2019 08:20 AM ET)
Previous Close$70.11
Today's Range$68.57 - $70.37
52-Week Range$54.74 - $86.50
Volume984,623 shs
Average Volume1.15 million shs
Market Capitalization$8.49 billion
P/E Ratio14.46
Dividend YieldN/A
Beta0.9
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.

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Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:QRVO
CUSIPN/A
Phone336-664-1233

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.97 billion
Cash Flow$10.3010 per share
Book Value$37.75 per share

Profitability

Net Income$-40,280,000.00

Miscellaneous

Employees8,300
Market Cap$8.49 billion
Next Earnings Date5/1/2019 (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 earnings results on Thursday, February, 7th. The semiconductor company reported $1.85 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.55 by $0.30. The semiconductor company earned $832.20 million during the quarter, compared to the consensus estimate of $819.21 million. Qorvo had a net margin of 1.92% and a return on equity of 14.11%. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.69 EPS. View Qorvo's Earnings History.

When is Qorvo's next earnings date?

Qorvo is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Qorvo.

What guidance has Qorvo issued on next quarter's earnings?

Qorvo issued an update on its fourth quarter earnings guidance on Thursday, February, 7th. The company provided EPS guidance of $1.05 for the period, compared to the Thomson Reuters consensus estimate of $1.33. The company issued revenue guidance of 660-680 million, compared to the consensus revenue estimate of $720.84 million.Qorvo also updated its Q4 2019 guidance to $1.05-1.05 EPS.

What price target have analysts set for QRVO?

23 Wall Street analysts have issued 1-year target prices for Qorvo's shares. Their forecasts range from $63.00 to $95.00. On average, they expect Qorvo's share price to reach $75.45 in the next year. This suggests a possible upside of 9.2% from the stock's current price. View Analyst Price Targets for Qorvo.

What is the consensus analysts' recommendation for Qorvo?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qorvo in the last year. There are currently 12 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 provides core technologies and radio frequency (RF) solutions. The company is expected to benefit from robust demand of its performance-tier for RF Fusion based solutions, antenna tuning, discrete components and BAW-based multiplexers. Also, progress in IDP segment and stringent cost control measures bode well. Notably, shares of Qorvo have outperformed the industry in the past one month. Nonetheless, Qorvo 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." (3/13/2019)
  • 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 coverage about QRVO stock has been trending negative on Thursday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Qorvo earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave media coverage about the semiconductor company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the company's share price in the near future.

Who are some of Qorvo's key competitors?

What other stocks do shareholders of Qorvo own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Qorvo investors own include Skyworks Solutions (SWKS), NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), Broadcom (AVGO), Intel (INTC), QUALCOMM (QCOM), Gilead Sciences (GILD) and Starbucks (SBUX).

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 retail and institutional investors. Top institutional shareholders include Baupost Group LLC MA (8.70%), BlackRock Inc. (7.13%), Boston Partners (2.94%), Oregon Public Employees Retirement Fund (2.93%), Manning & Napier Group LLC (2.45%) and Iridian Asset Management LLC CT (2.28%). 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 major investors are selling Qorvo stock?

QRVO stock was sold by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, State of Tennessee Treasury Department, Harris Associates L P, Baupost Group LLC MA, Millennium Management LLC, Robecosam AG, BlackRock Inc. and FMR LLC. Company insiders that have sold Qorvo company stock in the last year 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 Insider Buying and Selling for Qorvo.

Which major investors are buying Qorvo stock?

QRVO stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, Dimensional Fund Advisors LP, Canada Pension Plan Investment Board, Foresters Investment Management Company Inc., Fisher Asset Management LLC, Geode Capital Management LLC and Manning & Napier Group 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 $69.12.

How big of a company is Qorvo?

Qorvo has a market capitalization of $8.49 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.

What is Qorvo's official website?

The official website for Qorvo is http://www.qorvo.com.

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)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  585 (Vote Outperform)
Underperform Votes:  421 (Vote Underperform)
Total Votes:  1,006
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.
This page was last updated on 3/21/2019 by MarketBeat.com Staff

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