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Qorvo (QRVO)
NASDAQ:QRVO
Qorvo (QRVO) Stock Price & Analysis
2,713 Followers
QRVO Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$80.62 - $121.65
Previous Close$98.39
Volume1.25M
Average Volume (3M)1.28M
Market Cap
$9.41B
Enterprise Value$10.37B
Total Cash (Recent Filing)$1.03B
Total Debt (Recent Filing)$1.99B
Price to Earnings (P/E)―
Beta1.31
Next Earnings
Jul 31, 2024EPS Estimate
$0.71Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.73
Shares Outstanding95,629,095
10 Day Avg. Volume1,097,598
30 Day Avg. Volume1,278,153
Standard Deviation0.11
R-Squared0.58
Alpha-0.00306
Financial Highlights & Ratios
Price to Book (P/B)18.12
Price to Sales (P/S)10.00
Price to Cash Flow (P/CF)11.50
P/FCF Ratio13.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.75
Enterprise Value/Gross Profit6.97
Enterprise Value/Ebitda22.36
Forecast
1Y Price Target
$110.42Price Target Upside12.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
Qorvo News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceQorvo reported healthy upside to FY4Q non-GAAP EPS, exceeding consensus estimates.
Gross Margin ImprovementThe company expects material improvement in gross margins in the second half of the fiscal year.
Sector GrowthCompany sees opportunities in Wi-Fi and Automotive sectors, with successful launches such as 6 GHz Wi-Fi 7 filters.
Bears Say
Earnings GuidanceGuided FY1Q non-GAAP EPS significantly below prior Street expectations due to expected decline in revenue.
Inventory ManagementBloated inventories on the company's balance sheet will take some time to work down, thereby weighing on margins.
Market CompetitionChina domestic RF companies increasing market share and the push toward localization of RF vendors in China could affect the company's market share.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
QRVO FAQ
What was Qorvo’s price range in the past 12 months?
Qorvo lowest stock price was $80.62 and its highest was $121.65 in the past 12 months.
What is Qorvo’s market cap?
Currently, no data Available
When is Qorvo’s upcoming earnings report date?
Qorvo’s upcoming earnings report date is Jul 31, 2024 which is in 59 days.
How were Qorvo’s earnings last quarter?
Qorvo released its earnings results on May 01, 2024. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.208 by $0.182.
Is Qorvo overvalued?
According to Wall Street analysts Qorvo’s price is currently Undervalued.
Does Qorvo pay dividends?
Qorvo does not currently pay dividends.
What is Qorvo’s EPS estimate?
Qorvo’s EPS estimate is $0.71.
How many shares outstanding does Qorvo have?
Qorvo has 95,629,100 shares outstanding.
What happened to Qorvo’s price movement after its last earnings report?
Qorvo reported an EPS of $1.39 in its last earnings report, beating expectations of $1.208. Following the earnings report the stock price went down -14.496%.
Which hedge fund is a major shareholder of Qorvo?
Among the largest hedge funds holding Qorvo’s share is Vulcan Value Partners, Llc. It holds Qorvo’s shares valued at 181M.
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Qorvo Stock Smart Score
Underperform
1
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5
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7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$110.42 (12.23% Upside)
$110.42 (12.23% Upside)
Blogger Sentiment
Bullish
QRVO Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 897.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $91.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.8%
Last 30 Days ▼ 2.2%
Last 30 Days ▼ 2.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
1.16%
12-Months-Change
Fundamentals
Return on Equity
-1.89%
Trailing 12-Months
Asset Growth
-2.05%
Trailing 12-Months
Company Description
Qorvo
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
Q4 2024
0:00 / 0:00
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QRVO Revenue Breakdown
66.34% ACG
20.37% HPA
13.29% CSG
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QRVO Stock 12 Month Forecast
Average Price Target
$110.42
▲(12.23% Upside)
Technical Analysis
Best Analysts Covering QRVO
1 Year
1 Year Success Rate
10/13 ratings generated profit
1 Year Average Return
+37.85%
upgraded a buy rating 10 months ago
Copying Karl Ackerman's trades and holding each position for 1 Year would result in 76.92% of your transactions generating a profit, with an average return of +37.85% per trade.
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