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Qorvo (QRVO)
NASDAQ:QRVO
Qorvo (QRVO) Stock Price & Analysis
2,740 Followers
QRVO Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$80.62 - $130.99
Previous Close$121.8
Volume1.18M
Average Volume (3M)1.43M
Market Cap
$11.57B
Enterprise Value$12.53B
Total Cash (Recent Filing)$1.03B
Total Debt (Recent Filing)$1.99B
Price to Earnings (P/E)―
Beta1.39
Next Earnings
Jul 30, 2024EPS Estimate
$0.71Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.73
Shares Outstanding95,629,095
10 Day Avg. Volume1,879,818
30 Day Avg. Volume1,432,547
Standard Deviation0.11
R-Squared0.51
Alpha-0.00429
Financial Highlights & Ratios
Price to Book (P/B)21.19
Price to Sales (P/S)11.54
Price to Cash Flow (P/CF)13.40
P/FCF Ratio15.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.32
Enterprise Value/Gross Profit8.42
Enterprise Value/Ebitda27.03
Forecast
1Y Price Target
$114.00Price Target Upside-6.40% Downside
Rating ConsensusHold
Number of Analyst Covering16
Qorvo News
PremiumMarket News
SPY ETF Update, 7/16/2024 
PremiumMarket News
SPY ETF Update, 7/12/2024 
PremiumCompany Announcements
Qorvo Announces 2024 Investor Day Conference Details
Bulls Say, Bears Say
Bulls Say
Growth OpportunitiesManagement identified significant growth opportunities in the High Performance Analog and Connectivity Sensors Group, with strong double-digit compound annual growth rates.
Revenue DiversificationThe company emphasized higher growth and leverage from the non-smartphone businesses.
Strategic FocusThere is a strategic focus on diversifying the customer and product base to drive more than 10% revenue growth.
Bears Say
Diversification StrategyCautious outlook on the execution of the diversification strategy and the ability to improve margins in a competitive market.
Financial TargetsUncertainty regarding the feasibility of achieving long-term financial targets due to challenges in margin improvements and long design cycles.
Regulatory EnvironmentGiven the regulatory environment as well as the lofty equity market valuations overall, a transformative acquisition may be difficult.
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Ownership Overview
25.52% Insiders
29.63% Mutual Funds
34.12% Other Institutional Investors
10.72% 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’s price range in the past 12 months?
Qorvo lowest stock price was $80.62 and its highest was $130.99 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 30, 2024 which is in 8 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 Overvalued.
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 95,028,824 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
Unlock Smart Score
1
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3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$114.00 (-6.40% Downside)
$114.00 (-6.40% Downside)
Blogger Sentiment
Bullish
QRVO Sentiment 100%
Sector Average 70%
Sector Average 70%
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
Positive
Last 7 Days ▼ 0.1%
Last 30 Days ▲ 3.4%
Last 30 Days ▲ 3.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
15.07%
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
$114.00
▼(-6.40% Downside)
Technical Analysis
Best Analysts Covering QRVO
1 Year
1 Year Success Rate
20/27 ratings generated profit
1 Year Average Return
+20.29%
assigned a buy rating last month
Copying Anthony Stoss's trades and holding each position for 1 Year would result in 74.07% of your transactions generating a profit, with an average return of +20.29% per trade.
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