Qorvo Inc (QRVO)

NASDAQ
Currency in USD
84.21
+10.62(+14.43%)
Closed
After Hours
83.85-0.36(-0.43%)
QRVO Scorecard
Full Analysis
Management has been aggressively buying back shares
Unusual trading volume
Fair Value
Day's Range
77.2184.48
52 wk Range
64.54130.99
Key Statistics
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Prev. Close
73.59
Open
78
Day's Range
77.21-84.48
52 wk Range
64.54-130.99
Volume
10.03M
Average Volume (3m)
2.92M
1-Year Change
-20.23%
Book Value / Share
35.95
Fair Value
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Fair Value Upside
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QRVO Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
91.82
Upside
+9.04%
Members' Sentiments
Bearish
Bullish
ProTips
High shareholder yield
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Qorvo Inc Company Profile

Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets worldwide. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for defense and aerospace, and 5G and 6G infrastructure markets. The CSG segment supplies connectivity and sensor solutions featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS-based sensors. It serves smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points markets. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. It also offers foundry services for defense primes and other defense and aerospace customers. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.

Qorvo Inc SWOT Analysis


RF Market Dynamics
Explore Qorvo's strategic shift as it navigates challenges in its core mobile business, diversifying to ensure long-term growth in the evolving RF solutions secto
Financial Resilience
Despite headwinds, Qorvo projects EPS growth from $4.78 in FY2025 to $6.58 in FY2026, reflecting the potential success of its diversification efforts
Analyst Perspectives
Barclays maintains an Equal Weight rating on Qorvo, with a price target of $90.00, down from previous estimates of $125.00 in July 2024
Future Prospects
Delve into Qorvo's potential in emerging markets like 5G infrastructure and IoT, leveraging its RF expertise to tap into new revenue streams
Read full SWOT analysis

Qorvo Inc Earnings Call Summary for Q1/2025

  • Q1 revenue down 6% sequentially to $887M, up 36% YoY; non-GAAP EPS $0.87; $125M stock repurchased
  • Q2 outlook: Revenue ~$1.025B, non-GAAP gross margin 46-47%, non-GAAP EPS $1.75-$1.95
  • Confident in content growth and market share gains at largest customer; strong demand in China
  • Focus on diversification across 6 markets; R&D investments in automotive, Wi-Fi, and Ultra-Wideband
  • Stable financials: $1.1B cash, $1.5B long-term debt; retired $27M of 2024 notes
Last Updated: 07/31/2024, 06:58 PM
Read Full Transcript

Compare QRVO to Peers and Sector

Metrics to compare
QRVO
Peers
Sector
Relationship
P/E Ratio
−56.4x32.1x11.5x
PEG Ratio
1.280.130.01
Price/Book
2.3x2.1x2.4x
Price / LTM Sales
2.0x6.7x2.2x
Upside (Analyst Target)
6.9%22.7%25.2%
Fair Value Upside
Unlock0.6%4.2%Unlock

Analyst Ratings

4 Buy
19 Hold
3 Sell
Ratings:
26 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 91.82

(+9.04% Upside)

Earnings

Latest Release
Oct 29, 2024
EPS / Forecast
1.88 / 1.84
Revenue / Forecast
1.05B / 1.03B
EPS Revisions
Last 90 days

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FAQ

What Is the Qorvo Inc (QRVO) Stock Price Today?

The Qorvo Inc stock price today is 84.21

What Stock Exchange Does Qorvo Inc Trade On?

Qorvo Inc is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Qorvo Inc?

The stock symbol for Qorvo Inc is "QRVO."

What Is the Qorvo Inc Market Cap?

As of today, Qorvo Inc market cap is 7.96B.

What is Qorvo Inc Earnings Per Share?

The Qorvo Inc EPS is -1.47.

What Is the Next Qorvo Inc Earnings Date?

Qorvo Inc will release its next earnings report on Jan 27, 2025.

From a Technical Analysis Perspective, Is QRVO a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Buy.
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