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This Tech Stock Is Down 40% and Looks Like a Solid Bargain, But Is It Worth Buying?

Harsh Chauhan, The Motley Fool
·4 min read
This Tech Stock Is Down 40% and Looks Like a Solid Bargain, But Is It Worth Buying?

Shares of Qorvo (NASDAQ: QRVO) have slipped 40% in the past year thanks to the weakness in the global smartphone market, but the company sprung a surprise when it released fiscal 2023 second-quarter results (for the three months ended Oct. 1, 2022) on Nov. 2. The chipmaker, which is known for supplying its chips to Apple (NASDAQ: AAPL), beat Wall Street's revenue and earnings estimates. Qorvo also announced a share repurchase program worth up to $2 billion.

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