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Qorvo Inc (QRVO)
:QRVO
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QRVO Stock Chart & Stats
Day’s Range― - ―
52-Week Range$64.54 - $130.99
Previous CloseN/A
Volume661.95K
Average Volume (3M)3.56M
Market Cap
$6.96B
Enterprise Value$10.70B
Total Cash (Recent Filing)$545.46M
Total Debt (Recent Filing)$989.15M
Price to Earnings (P/E)―
Beta1.52
Next Earnings
Jan 28, 2025EPS Estimate
1.21Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.46
Shares Outstanding94,526,695
10 Day Avg. Volume2,982,461
30 Day Avg. Volume3,562,940
Standard Deviation0.11
R-Squared0.46
Alpha-0.02
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.78
Price to Cash Flow (P/CF)13.70
P/FCF Ratio0.00
Enterprise Value/Market Cap1.54
Enterprise Value/Revenue2.71
Enterprise Value/Gross Profit7.19
Enterprise Value/Ebitda28.68
Forecast
1Y Price Target
$85.73Price Target Upside16.50% Upside
Rating ConsensusHold
Number of Analyst Covering19
Qorvo News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceHigh Performance Analog (HPA) came in stronger than expected, driven by record Defense and Aerospace design activity.
Growth OpportunitiesGrowth opportunities in Aero/Defense, IoT, and Auto are promising.
ValuationThe valuation of QRVO is at multi-year lows compared to the SOXX, indicating a compelling risk/reward potential if mobile sentiment improves.
Bears Say
Competitive DynamicsThe competition in entry tier 5G phones highlights a more competitive dynamic in RF that is likely to intensify, affecting QRVO's diversification plans.
Market ChallengesThe company faces headwinds as the China market moves towards lower-tier Android and domestic suppliers.
Revenue DeclineQorvo's December quarter guidance is weaker than expected, with a significant revenue decline compared to consensus estimates.
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Ownership Overview
0.63% Insiders
23.71% Mutual Funds
1.00% Other Institutional Investors
27.63% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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QRVO FAQ
What was Qorvo Inc’s price range in the past 12 months?
Qorvo Inc lowest stock price was $64.54 and its highest was $130.99 in the past 12 months.
What is Qorvo Inc’s market cap?
Qorvo Inc’s market cap is $6.96B.
When is Qorvo Inc’s upcoming earnings report date?
Qorvo Inc’s upcoming earnings report date is Jan 28, 2025 which is in 10 days.
How were Qorvo Inc’s earnings last quarter?
Qorvo Inc released its earnings results on Oct 29, 2024. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.847 by $0.033.
Is Qorvo Inc overvalued?
According to Wall Street analysts Qorvo Inc’s price is currently Undervalued.
Does Qorvo Inc pay dividends?
Qorvo Inc does not currently pay dividends.
What is Qorvo Inc’s EPS estimate?
Qorvo Inc’s EPS estimate is 1.21.
How many shares outstanding does Qorvo Inc have?
Qorvo Inc has 94,526,695 shares outstanding.
What happened to Qorvo Inc’s price movement after its last earnings report?
Qorvo Inc reported an EPS of $1.88 in its last earnings report, beating expectations of $1.847. Following the earnings report the stock price went down -27.309%.
Which hedge fund is a major shareholder of Qorvo Inc?
Among the largest hedge funds holding Qorvo Inc’s share is Vulcan Value Partners, Llc. It holds Qorvo Inc’s shares valued at 173M.
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Qorvo Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$85.73 (16.50% Upside)
$85.73 (16.50% Upside)
Blogger Sentiment
Bullish
QRVO Sentiment 70%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 688.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 1.0%
Last 30 Days ▲ 1.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-27.43%
12-Months-Change
Fundamentals
Return on Equity
-4.14%
Trailing 12-Months
Asset Growth
-3.21%
Trailing 12-Months
Company Description
Qorvo Inc
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 reportable 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.
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QRVO Earnings Call
Q2 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth and performance in HPA and CSG segments, alongside significant automotive and defense design wins. However, the challenges in the Android ecosystem and reduced revenue outlook dampened the overall positive sentiment.Read More>---
QRVO Revenue Breakdown
73.27% ACG
15.20% HPA
11.53% CSG
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QRVO Stock 12 Month Forecast
Average Price Target
$85.73
▲(16.50% Upside)
Technical Analysis
Skyworks Solutions
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Best Analysts Covering QRVO
1 Year
1 Year Success Rate
17/29 ratings generated profit
1 Year Average Return
+10.21%
assigned a buy rating 3 months ago
Copying Anthony Stoss's trades and holding each position for 1 Year would result in 58.62% of your transactions generating a profit, with an average return of +10.21% per trade.
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