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 (PA), low noise amplifiers, 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. The IDP segment supplies RF solutions for communications, network infrastructure, and defense applications, such as high performance defense systems, such as 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 smart home solutions. This segment provides high power gallium arsenide, gallium nitride power amplifiers, low noise amplifiers, switches, CMOS 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
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:QRVO
CUSIPN/A
Phone336-664-1233
Debt
Debt-to-Equity Ratio0.21
Current Ratio4.18
Quick Ratio3.11
Price-To-Earnings
Trailing P/E Ratio17.47
Forward P/E Ratio16.25
P/E Growth1.39
Sales & Book Value
Annual Sales$2.97 billion
Price / Sales3.55
Cash Flow$10.2466 per share
Price / Cash8.15
Book Value$37.75 per share
Price / Book2.21
Profitability
EPS (Most Recent Fiscal Year)$4.78
Net Income$-40,280,000.00
Net Margins-1.35%
Return on Equity12.50%
Return on Assets9.39%
Miscellaneous
Employees8,300
Outstanding Shares126,490,000
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 quarterly earnings data on Wednesday, May, 2nd. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.02. The semiconductor company had revenue of $665.40 million for the quarter, compared to analysts' expectations of $655.67 million. Qorvo had a negative net margin of 1.35% and a positive return on equity of 12.50%. The company's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 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 issued an update on its first quarter earnings guidance on Wednesday, May, 2nd. The company provided earnings per share (EPS) guidance of $0.75 midpoint for the period, compared to the Thomson Reuters consensus estimate of $1.04. The company issued revenue guidance of $645-665 million, compared to the consensus revenue estimate of $669.69 million.
What price target have analysts set for QRVO?
22 brokerages have issued twelve-month target prices for Qorvo's stock. Their predictions range from $70.00 to $96.00. On average, they anticipate Qorvo's stock price to reach $82.3889 in the next twelve months. 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. 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)
- 2. 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)
- 3. 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. Shares of the company have underperformed the industry in the past three months. We believe, delayed product cycle at its largest customer is cited to be one of the multiple reasons that are likely to hurt MP revenues in the current quarter. Further, Qorvo operates in a competitive landscape that is becoming more complex with low barriers to entry. Nonetheless, the company benefited from increasing dollar content across power amplifiers, switches, tuners and Wi-Fi in flagship smartphones from Huawei, Oppo, Vivo and others." (4/3/2018)
Are investors shorting Qorvo?
Qorvo saw a drop in short interest during the month of May. As of May 31st, there was short interest totalling 6,844,988 shares, a drop of 14.1% from the May 15th total of 7,971,394 shares. Based on an average daily trading volume, of 1,223,898 shares, the short-interest ratio is presently 5.6 days. Approximately 5.4% of the shares of the stock are sold short.
Who are some of Qorvo's key competitors?
Some companies that are related to Qorvo include NXP Semiconductors (NXPI), Analog Devices (ADI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), STMicroelectronics (STM), Kyocera (KYO), Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), IPG Photonics (IPGP), Marvell Technology Group (MRVL), ON Semiconductor (ON) and ASE INDL HLDG C/S (ASX).
Who are Qorvo's key executives?
Qorvo's management team includes the folowing people:
- Mr. Robert A. Bruggeworth, CEO, Pres & 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?
Press coverage about QRVO stock has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Qorvo earned a media sentiment score of 0.12 on Accern's scale. They also assigned media coverage about the semiconductor company an impact score of 45.99 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Qorvo's major shareholders?
Qorvo's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.91%), Manning & Napier Group LLC (3.21%), Boston Partners (2.29%), Frontier Capital Management Co. LLC (1.54%), Pinnacle Associates Ltd. (1.24%) and Northern Trust Corp (1.20%). Company insiders that own Qorvo stock include C Scott Gibson, 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, Walden C Rhines 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 Lord Abbett & CO. LLC, Frontier Capital Management Co. LLC, Guggenheim Capital LLC, Pinnacle Associates Ltd., Swiss National Bank, UBS Group AG, Dimensional Fund Advisors LP and Fisher Asset Management 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, John R Harding, 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 Iridian Asset Management LLC CT, Manning & Napier Group LLC, Robecosam AG, JPMorgan Chase & Co., Carve CapitalAB, Summit Trail Advisors LLC, Mackay Shields LLC and BlackRock Inc.. Company insiders that have bought Qorvo stock in the last two years include Mark J Murphy and Walden C Rhines. 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 $83.51.
How big of a company is Qorvo?
Qorvo has a market capitalization of $10.77 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 (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.
