|Bid||110.50 x 1100|
|Ask||111.07 x 800|
|Day's Range||109.31 - 111.56|
|52 Week Range||90.16 - 192.92|
|Beta (5Y Monthly)||1.35|
|PE Ratio (TTM)||15.62|
|Earnings Date||Nov 01, 2022 - Nov 07, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||125.52|
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Profit warnings from Nvidia and Micron have sent a chill through chip stocks, but the long-term opportunity is still intact.
Chipmakers exposed to PCs, consumer electronics and Android smartphones have noted weakening demand in their second-quarter earnings reports.
Due to global economic challenges in the semiconductor industry, Qorvo reported a drop in revenue to $1.035 billion for its fiscal 2023 first quarter. It also announced a new organizational structure intended to better meet customer and market needs.