78.62 +2.27 (2.97%)
After hours: 7:01PM EDT
|Bid||74.01 x 800|
|Ask||78.93 x 800|
|Day's Range||76.20 - 77.62|
|52 Week Range||54.74 - 79.29|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||47.19|
|Earnings Date||Oct 29, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||78.58|
Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced that one of its gallium nitride (GaN) power amplifiers has been selected by Lockheed Martin to provide GaN modules for production of the U.S. Army’s Q-53 radar system. The insertion of GaN technology into this multi-mission mobile radar will provide superior efficiency, power density, reliability and lifecycle cost over the gallium arsenide (GaAs) amplifiers currently used in the system.
Qorvo's (QRVO) Expanding portfolio of 5G and GaN solutions hold promise. Further, robust growth in its wireless connectivity as well as in base station solutions is a positive.
(Bloomberg) -- Qualcomm Inc. paid $1.15 billion to buy the rest of a partnership it had with Japan’s TDK Corp. The deal will help Qualcomm sell more chips for smartphones supporting the latest 5G wireless standard, the U.S. company said.The two firms set up their RF360 Holdings partnership in 2016 to design radio frequency components. Qualcomm contributed cash and TDK spun off its design and manufacturing assets into the endeavor, which was 51% owned by the San Diego-based company.Radio frequency components help convert radio waves into signals that semiconductors can turn into data. They are a crucial part of smartphones, and an important ingredient in a soup of chips and software that Qualcomm is concocting for makers of new 5G handsets.Qualcomm is already the biggest maker of modems for phones and also provides many of the processors that run software in handsets. It’s trying to combine all these elements into a single offering for smartphone makers. Taking control of the RF joint venture will make the company a bigger competitor to Skyworks Solutions Inc., Qorvo Inc., Broadcom Inc. and other industry players.Increasing mobile data speeds partly come from combining more bands of radio frequency. Modern smartphones access more than 50 bands, up from three in early data-capable phones more than a decade ago. That requires more complex RF components.To contact the reporter on this story: Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Alistair Barr, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Breakthrough FEM powers Wi-Fi 6 for increased speed and extended coverage GREENSBORO, N.C., Sept. 13, 2019 -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF.
It's that time of year—Apple (AAPL), the world’s largest handset maker by revenue, is launching its new iPhones. Apple chip supplier stocks have rallied.
Possibly due to worries about the fixed costs attached to their business models, many fab-owning chip suppliers with meaningful growth opportunities are still trading at low valuations.
Investors should consider Apple (NASAQ:AAPL) as the bellwether on profit pressures corporate firms face from the U.S. and China trade war. Apple stock is predictably sensitive to these moves.Source: dennizn / Shutterstock.com The smartphone giant likely relies on so many China-based suppliers that tariffs will either cut into profit margins or lead to an increase in product prices.Before this macro headwind, Apple enjoyed healthy profit margins for its iPhones. Strong Apple Watch sales also offset the light demand for iPhones and Macbook computers. But if tariffs increase Watch costs by at least 15%, profits may weaken. How badly might Apple stock fall as trade tensions worsen?InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn Aug. 23, markets took AAPL stock down by 4.6% when China announced retaliatory tariffs on $75 billion of U.S. goods. One analyst called the move a "gut punch to Copertino" and correctly so.Apple sales in China account for 18.3% of its revenue, compared to 36.9% in the U.S. But tariffs will hurt Apple two ways. * 7 Best Tech Stocks to Buy Right Now First, the U.S. tariffs on China imports will hurt the Chinese economy and the Chinese buying power. Consumers will cut spending and opt for cheaper China-branded Androids instead of expensive Apple products. Second, the U.S. consumer may absorb the cost of tariffs. Higher Apple product pricing might hurt demand in the U.S. Apple Stock ReboundsBy the end of August, Apple stock rebounded and is within 10% of its yearly highs. Similarly, Qorvo (NASDAQ:QRVO) rebounded but Skyworks (NASDAQ:SWKS) is still in a downtrend on the markets.Investors are probably speculating that the trade dispute is temporary and that higher operating costs will not reach Apple consumers. This view may prove too optimistic. The U.S. is taking a hard stand against China, claiming security concerns and demanding better trade terms that will bring America back to greatness.Conversely, the President may need to resolve the trade war before the election year. Otherwise, it may risk a loss on re-election as the country enters a recession. Higher Services RevenueEven if Apple stock takes a hit on a macro environment that it cannot control, the company is relying less on iPhone sales. In the third quarter, the company reported a 50% sales growth for wearables. Wearables and services are now the size of a Fortune 50 company.Services revenue added $11.5 billion to the total, up 13% year-over-year and a record for the company. Apple attributes this performance from the strong growth from the App Store in China. Also, AppleCare, music, cloud services, and its app store ad business all added to the growth in the Services unit. Apple ended Q3 with 420 million paid subscriptions across its platform.May's launch of the new Apple TV app in over 100 countries should enable the company to grow the services unit. Success will come from integrating content from over 150 leading content providers. And typical of Apple is the ease-of-use, which will keep users engaged in the TV app. New Apple Products on the WayFor Sept. 10, Apple set a product launch event that includes new iPhones. Dubbed iPhone Pro, the refresh will have better displays, screen size, wireless charging, and a triple-lens at the rear. It might also finalize the details of Apple TV+, a streaming TV service.Netflix (NASDAQ:NFLX) already dominates the streaming segment but faces many new competitors. Disney (NYSE:DIS) will launch Disney+ for only $7.99 a month. The low prices will draw a surge in initial sign-ups. AT&T (NYSE:T) will offer AT&T Now for $50 a month but includes over 45 channels. Valuation and Your TakeawayAnalysts have an average price target of $227, ~9% above the recent closing price of $208.74. Investors who prefer to model their fair value may use a 5-year DCF EBITDA Exit model. Assuming revenue growth of 5% annually in this period, the fair value is also $227. Forecasting higher growth levels on finbox.io will, of course, result in a higher price target.Apple stock is holding up despite the trade war worries. If market panic sends the stock below $200, value investors may consider buying the stock on the dip.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post Apple Stock Still Is a Buy as the Trade War Escalates appeared first on InvestorPlace.
The U.S. Commerce Department is receiving license requests for granting sales to Huawei. In such a scenario, we look at a few chip ETFs which will benefit from a nod in favor.
Qorvo (QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. Visit www.qorvo.com to learn how Qorvo connects the world. Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries.
Klein has helped the North Carolina-based Qorvo also see double digit year-over-year sales growth in the past 13 consecutive quarters, which has translated to significant manufacturing and engineering growth in the North Texas region.
[Editor's note: "10 Small-Cap, Up-And-Coming Stocks to Keep on Your Radar" was previously published in July 2019. It has since been updated to include the most relevant information available.]2019 has been a seemingly good year for the broad market, but take a closer look. That strength has been limited to large caps. In the last three months, the S&P 500 has gained 2.4%, while the Russell 2000 small cap index has given up 1.4% of its value. The S&P 600 small cap index, with an even smaller typical market cap, is down nearly 4% in the last month.The group-wide weakness of the recent past, however, doesn't necessarily portend more weakness for all of these names in the foreseeable future. Indeed, as investors seek to lock in profits on their more recognizable large-cap positions, it's small-cap stocks that are most likely to be viewed as oversold, undervalued opportunities.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Marijuana Stocks to Ride High on the Farm Bill With that as the backdrop, here's a rundown of ten up-and-coming stocks that could energize portfolios at a time when more familiar names have little left to give. Not all of these names will ring a bell. But, that's the point. Bunge (BG)Source: Shutterstock Odds are good you've eaten something within the past 24 hours that Bunge (NYSE:BG) helped put on your plate. The company is one of the biggest global suppliers of grains like corn and wheat, but it also sells fertilizers, milled products and edible oils like olive oil and coconut oil.It isn't stopping there though. At the same time it's addressing the world's food scarcity crisis by establishing facilities closer to where needs exist, Bunge is also taking aim at the burgeoning energy crises. It and oil giant BP (NYSE:BP) announced this week they'll be working on a bioenergy project that makes the pair the world's third-biggest sugarcane processor.It's all working. Though revenue growth has been and will remain modest, these are businesses that scale well. This year's expected per-share earnings of $3.65 are projected to reach $3.84 next year. Exelixis (EXEL)Source: Shutterstock Exelixis (NASDAQ:EXEL) is a small biopharma outfit primarily focused on the treatment of cancer. Its flagship product, Cabometyx, accounts for roughly 80% of the EXEL's business, while collaboration income makes up most of the remainder.Exelixis isn't stopping with the development of Cabometyx's underlying tyrosine kinase-inhibitor though. The same molecular formula is now the basis of several dozen different clinical trials -- including a couple of phase three tests -- most of which are being handled by other pharmaceutical companies that want to use Exelixis' cabozantinib in conjunction with another drug. * 10 Marijuana Stocks to Ride High on the Farm Bill It's not a recipe for a massive, one-off growth spurt. But EXEL has set the stage for years of potential double-digit sales and earnings growth. Teladoc Health (TDOC)Source: Shutterstock Teladoc Health (NYSE:TDOC) isn't a profitable company, but at its current pace of progress, there's a light at the end of the tunnel. This year's and enxt year's top line are expected to improve by nearly 25%. That improvement should shrink 2020's loss meaningfully.It's a business model whose time has not only come, but is a sign of the times. Teladoc Health, in simplest terms, let's patients receive medical attention online. Rather than having to go into a doctor's office, an internet-based conversation -- either video chatting or a voice call -- can get you the clinical medical attention you need. Teladoc's doctors can even write a prescription when necessary. Brooks Automation (BRKS)Source: Shutterstock It was inevitable. As improved computers in turn improved robotics, manufacturing organizations would increasingly automate their operations. Not only are robots cheaper than humans, they tend to fabricate more precise products.Enter Brooks Automation (NASDAQ:BRKS), which offers automation solutions manufactures want, and even need.The company has carved out a couple of niches in the most lucrative of industries. That is, Brooks caters specifically to semiconductor makers, and life sciences companies. Its Spartan Sorters, for instance, handle ultra-thin wafers used in high-end technologies, allowing the fabrication of electronics components in a perfectly dust-free environment that might otherwise compromise the functioning of that component. * 10 Marijuana Stocks to Ride High on the Farm Bill In the red just three years ago, Brooks has found a bullish (and profitable) groove, easily qualifying BRKS as one of the top up-and-coming stocks among small-cap names. Qorvo (QRVO)Source: Shutterstock Speaking of semiconductor technologies, add Qorvo (NASDAQ:QRVO) to the list of small cap stocks to mull. Whereas Brooks Automation makes a means of handling them, Qorvo makes the chips that need special care when handling.It's clearly not an Intel (NASDAQ:INTC). It's not even a Texas Instruments (NASDAQ:TXN). Don't let its small size fool you though. What Qorvo may not be a head turner, but it's got a diverse menu of technology products that serve industries ranging from automobiles to mobile devices to aerospace outfits to the nascent Internet of Things arena.The advent of 5G connections (and the subsequent Internet of Things era it will help usher in) appears to be a particularly strong opportunity for the company. Not only does Qorvo make some of the 5G components used in 5G handsets, it makes solutions for so-called 'smart homes' that will be monitored and managed using those ultra-high-speed connections. Graphic Packaging Holding Company (GPK)You don't likely know it, but it would be unusual if within the past week you hadn't seen, or even touched, something made by Graphic Packaging Holding Company (NYSE:GPK). The company makes a variety of packaging solutions, particularly for the food and beverage industries, but also manufactures cartons that can double as display solutions.It's hardly a riveting business, but it's one that lends itself to scaling up. And, Graphic Packaging has kept things interesting by doing just that. GPK shares jumped more than 7% on Tuesday in response to the company's second quarter earnings beat that was at least partially driven by last year's acquisition of PFP and part of Letica Foodservice, and partially driven by its relatively new status as an approved member of Amazon's Packaging Support and Supplier Network. * 10 Marijuana Stocks to Ride High on the Farm Bill The company also announced ts intention to buy Artistic Carton, setting up more scale for later this year and beyond. Arrow Electronics (ARW)Source: Shutterstock Add Arrow Electronics (NYSE:ARW) to your list of noteworthy up-and-coming stocks. Though this year is proving to be a tough one that's taken a toll on the stock's price, the company is expected to start growing in earnest again come next year.If you need an electronics component, or even a completely self-contained system on a circuit board, Arrow Electronics probably offers it. If not, it can find or even develop one. The company sells thousands of various amplifiers, converters, capacitors, sensors, switches and more. None of it is sexy, but all of it is marketable.And the tech industry has taken notice. Microsoft (NASDAQ:MSFT) recently deemed Arrow Electronics to be one of the technology sector's top providers of Microsoft-based solutions for 2019. Catalent (CTLT)Source: Shutterstock If you've ever wondered who makes the capsules and coatings that surround pills and then melt in your stomach, it's rarely the drug's actual manufacturer. A company called Catalent (NYSE:CTLT) supplies them.That's only a fraction of the drug-delivery solutions the company brings to the table though. Catalent also offers spray-drying technology to improve a medicine's solubility, beauty-related packaging and drug-development solutions just to name a few more. Its lineup largely consists of the things consumers take for granted, but couldn't live without.It's not a high-growth business. It's a company that saw explosive growth in 2017, though, that's still largely being overlooked. * 10 Marijuana Stocks to Ride High on the Farm Bill And that's a big mistake. Patient investors would have been rewarded with a 79% gain thus far in 2019. And, with its growing role in the field of gene therapies, similar upside may still be on the table. F.N.B. Corp (FNB)Source: Shutterstock It's certainly no threat to the likes of Bank of America (NYSE:BAC) or Wells Fargo (NYSE:WFC)… at least not yet. Regional bank F.N.B. Corp (NYSE:FNB) is still a name to respect though, and perhaps even invest in.F.N.B. Corp -- consumers in the northeastern part of the country know it better as First National Bank -- operates nearly 400 branches in seven different states, sporting an asset base in excess of $30 billion. That leaves the bank in something of a sweet spot, where it's got enough size to make use of its fiscal muscle, but isn't so big that it's crimped by the Fed's banking rules specifically taking aim at institutions that are 'too big to fail.'More important, F.N.B. is a steady-growth machine. Through a combination of acquisitions and smart execution, the company hasn't failed to grow operating income in any quarter since 2011. XPO Logistics (XPO)Source: Shutterstock One wouldn't think a logistics market that already included the likes of United Parcel Service (NYSE:UPS) and FedEx (NYSE:FDX) would even allow another player to take shape, let alone thrive.But XPO Logistics (NYSE:XPO) is doing something most enterprising newcomers to any market try to do. They're using their competition's sheer size against them, and leveraging technology to become a highly-nimble service provider for organizations that need very specific solutions. XPO is more of a supply chain consultant than a shipping company. It identifying where inefficiencies exist -- something FedEx and UPS haven't quite embraced.The company's results underscore the argument that XPO is one of a handful of up-and-coming stocks worth a closer look. Though revenue has only been growing at a single-digit pace, per-share earnings are expected to reach $3.86 this year, up from last year's $3.19, and then soar to $4.65 in 2020.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post 10 Small-Cap, Up-And-Coming Stocks to Keep on Your Radar appeared first on InvestorPlace.
Cree's (CREE) fourth-quarter fiscal 2019 results are likely to benefit from ongoing momentum in Wolfspeed business amid Huawei blacklisting and other macroeconomic headwinds.
President and CEO of Qorvo Inc (30-Year Financial, Insider Trades) Robert A Bruggeworth (insider trades) sold 17,292 shares of QRVO on 08/13/2019 at an average price of $71.05 a share. Continue reading...
A British semiconductor equipment maker is the latest company to announce an expansion in Washington County, this time bringing 100 new jobs to the site. Edwards Vacuum, which makes vacuum products and advanced exhaust management systems, is consolidating its current Hillsboro footprint into a new 75,000-square-foot facility not far from chip maker Intel Corp. These products are needed to create the ultra-clean environment required for semiconductor manufacturing. The new 250-person site will be the company’s new North American headquarters for its semiconductor business, the company said in a written statement.
Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced that all proposals at Qorvo’s 2019 Annual Meeting of Stockholders were approved by the stockholders. Qorvo (QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity.
Qorvo Inc (NASDAQ: QRVO ) reported solid first-quarter results and announced its second-quarter guidance ahead of expectations. Despite Huawei’s ban, Qorvo seems poised to benefit from the 5G opportunity, ...
You have to manage through the maturation of the technology—handset sales aren’t growing like they once were—product cycles as well as trade and tariffs woes. (QRVO) (ticker: QRVO) reported fiscal first-quarter numbers Thursday evening and beat Wall Street estimates. “Qorvo delivered a strong June quarter, highlighting our technology portfolio and operational excellence,” said Bob Bruggeworth, Qorvo CEO, in the company’s new release.
Qorvo (QRVO) gains from increased demand in the performance-tier for RF Fusion based solutions, antenna tuning, discrete components and BAW-based multiplexers.