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Qorvo (QRVO)
NASDAQ:QRVO
Holding QRVO?
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QRVO Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$80.62 - $130.99
Previous Close$102.26
Volume2.67M
Average Volume (3M)1.39M
Market Cap
$9.70B
Enterprise Value$10.58B
Total Cash (Recent Filing)$1.08B
Total Debt (Recent Filing)$1.96B
Price to Earnings (P/E)―
Beta1.43
Next Earnings
Oct 30, 2024EPS Estimate
$1.84Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.28
Shares Outstanding94,861,346
10 Day Avg. Volume1,570,941
30 Day Avg. Volume1,394,795
Standard Deviation0.11
R-Squared0.50
Alpha-0.00437
Financial Highlights & Ratios
Price to Book (P/B)2.78
Price to Sales (P/S)2.42
Price to Cash Flow (P/CF)29.90
P/FCF Ratio40.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.64
Enterprise Value/Gross Profit7.11
Enterprise Value/Ebitda20.76
Forecast
1Y Price Target
$127.00Price Target Upside24.19% Upside
Rating ConsensusHold
Number of Analyst Covering12
Qorvo News
Bulls Say, Bears Say
Bulls Say
EarningsSlightly better than expected GM led to EPS coming in at $0.87, above the prior $0.70 estimate.
Financial PerformanceRevenue of $887M was above the midpoint of management's prior guidance and above analyst and Consensus estimates.
GuidanceGM guidance was better than expected and will ramp driven by mix, utilization, and productivity initiatives.
Bears Say
Earnings GuidanceThe September guide was just modestly above the Street, with bulls likely expecting more.
Gross Margin RecoveryThe pace of gross margin recovery towards Qorvo's long-term target of 50%+ remains unclear as the company works through higher cost inventory, underutilization, and volatile quarterly revenue mix.
Revenue DeclineThe expected Y/Y decline in F2Q25 revenue is primarily due to.
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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 $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 Oct 30, 2024 which is in 34 days.
How were Qorvo’s earnings last quarter?
Qorvo released its earnings results on Jul 30, 2024. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.709 by $0.161.
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 $1.84.
How many shares outstanding does Qorvo have?
Qorvo has 94,861,340 shares outstanding.
What happened to Qorvo’s price movement after its last earnings report?
Qorvo reported an EPS of $0.87 in its last earnings report, beating expectations of $0.709. Following the earnings report the stock price went up 0.285%.
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 246M.
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Qorvo Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$127.00 (24.19% Upside)
$127.00 (24.19% Upside)
Blogger Sentiment
Bullish
QRVO Sentiment 100%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 859.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $237.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 3.6%
Last 30 Days ▼ 3.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
7.40%
12-Months-Change
Fundamentals
Return on Equity
-0.72%
Trailing 12-Months
Asset Growth
-3.58%
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
Q1 2024
0:00 / 0:00
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QRVO Revenue Breakdown
73.27% ACG
15.20% HPA
11.53% CSG
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QRVO Stock 12 Month Forecast
Average Price Target
$127.00
▲(24.19% Upside)
Technical Analysis
Skyworks Solutions
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MACOM Technology Solutions Holdings
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Broadcom
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Texas Instruments
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Best Analysts Covering QRVO
1 Year
1 Year Success Rate
12/17 ratings generated profit
1 Year Average Return
+26.25%
reiterated a buy rating 5 months ago
Copying Cody Acree's trades and holding each position for 1 Year would result in 70.59% of your transactions generating a profit, with an average return of +26.25% per trade.
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