Qorvo, Inc. engages in the provision of core technologies and radio frequency solutions for mobile, infrastructure, and aerospace or defense applications. It operates through the following segments: Mobile Products and Infrastructure & Defense Products. The Mobile Products segment supplies of RF solutions that perform various functions in the increasingly complex cellular radio front end section of smartphones and other cellular devices. The Infrastructure & Defense Products segment supplier of RF solutions that support diverse global applications, including ubiquitous high-speed network connectivity to the cloud, data center communications, rapid internet connectivity throughout the home and workplace, and upgraded military capabilities across the globe. Its products include amplifiers, control products, discrete transistors and integrated circuits, filters and duplexers, frequency converters, integrated modules, optical components, oscillators, passives and switches. The company was founded on December 13, 2013 and is headquartered in Greensboro, NC.
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 Ratio15.56
Forward P/E Ratio13.74
P/E Growth1.16
Sales & Book Value
Annual Sales$2.97 billion
Price / Sales3.17
Cash Flow$10.3490 per share
Price / Cash7.25
Book Value$37.75 per share
Price / Book1.99
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$9.52 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) announced its quarterly earnings results on Wednesday, August, 1st. The semiconductor company reported $0.96 EPS for the quarter, beating the Thomson Reuters' consensus estimate 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 business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $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 updated its second quarter earnings guidance on Wednesday, August, 1st. The company provided earnings per share (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 equities research analysts have issued 12-month target prices for Qorvo's shares. Their predictions range from $73.00 to $96.00. On average, they anticipate Qorvo's share price to reach $84.00 in the next year. This suggests a possible upside of 12.9% 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), Advanced Micro Devices (AMD), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Kyocera (KYOCY), Kyocera (KYO), Microchip Technology (MCHP), Xilinx (XLNX), STMicroelectronics (STM), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), ASE Technology (ASX), Marvell Technology Group (MRVL) and IPG Photonics (IPGP).
Who are Qorvo's key executives?
Qorvo's management team includes the folowing people:
- Robert A. Bruggeworth, President, Chief Executive Officer & Director
- Paul J. Fego, Vice President-Global Operations
- Mark Joseph Murphy, Chief Financial Officer
- Todd Gillenwater, CTO & VP-Engineering
- Jeffrey Charles Howland, Secretary, General Counsel & Vice President
Has Qorvo been receiving favorable news coverage?
Media headlines about QRVO stock have been trending somewhat positive on Tuesday, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Qorvo earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave media stories about the semiconductor company an impact score of 46.57 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock'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 a number of of institutional and retail 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 major 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, 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 bought 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 $74.40.
How big of a company is Qorvo?
Qorvo has a market capitalization of $9.52 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.
