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
Current SymbolNASDAQ:QRVO
Previous Symbol
CUSIPN/A
Phone336-664-1233
Debt
Debt-to-Equity Ratio0.16
Current Ratio3.50
Quick Ratio2.48
Price-To-Earnings
Trailing P/E Ratio13.32
Forward P/E Ratio11.25
P/E Growth0.97
Sales & Book Value
Annual Sales$2.97 billion
Price / Sales2.67
Cash Flow$9.7473 per share
Price / Cash6.53
Book Value$37.75 per share
Price / Book1.69
Profitability
EPS (Most Recent Fiscal Year)$4.78
Net Income$-40,280,000.00
Net Margins-1.41%
Return on Equity13.65%
Return on Assets10.48%
Miscellaneous
Employees8,300
Outstanding Shares124,900,000
Market Cap$8.51 billion
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) released its quarterly earnings results on Wednesday, October, 31st. The semiconductor company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.62 by $0.13. The semiconductor company earned $884.40 million during the quarter, compared to analyst estimates of $855.57 million. Qorvo had a positive return on equity of 13.65% and a negative net margin of 1.41%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $1.52 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 third quarter earnings guidance on Tuesday, November, 13th. The company provided earnings per share guidance of $1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.95. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $892.49 million.
What price target have analysts set for QRVO?
24 brokerages have issued 1 year price objectives for Qorvo's shares. Their forecasts range from $72.00 to $96.00. On average, they anticipate Qorvo's share price to reach $82.85 in the next year. This suggests a possible upside of 30.2% 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. 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)
- 2. 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. Robust mobile growth in China and improved progress in IDP along with stringent cost control measures are key positives. 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 due to signficant exposure to the likes of Apple and Huawei, among others is a headwind." (10/17/2018)
- 3. 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)
Has Qorvo been receiving favorable news coverage?
News articles about QRVO stock have been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by reviewing 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 five, with scores closest to five being the most favorable. Qorvo earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned news stories about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days.
Who are some of Qorvo's key competitors?
Some companies that are related to Qorvo include Applied Materials (AMAT), Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Xilinx (XLNX), Advanced Micro Devices (AMD), Kyocera (KYOCY), Microchip Technology (MCHP), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), STMicroelectronics (STM), Marvell Technology Group (MRVL), ASE Technology (ASX) 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)
Who are Qorvo's major shareholders?
Qorvo's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.27%), Iridian Asset Management LLC CT (2.73%), Manning & Napier Group LLC (2.35%), Frontier Capital Management Co. LLC (1.98%), FMR LLC (1.20%) and Dimensional Fund Advisors LP (1.01%). 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 institutional investors are selling Qorvo stock?
QRVO stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Pinnacle Associates Ltd., Mitsubishi UFJ Trust & Banking Corp, First Trust Advisors LP, WINTON GROUP Ltd and SG Americas Securities 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, 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 purchased by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, Prudential Financial Inc., Panagora Asset Management Inc., Candriam Luxembourg S.C.A., Robeco Institutional Asset Management B.V., Dimensional Fund Advisors LP, BlackRock Inc. and Robecosam AG. 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 $63.65.
How big of a company is Qorvo?
Qorvo has a market capitalization of $8.51 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?
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.
