QRVO - Qorvo, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
103.21
+1.67 (+1.64%)
At close: 4:00PM EDT

103.21 0.00 (0.00%)
After hours: 4:44PM EDT

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Price Crosses Moving Average

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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close101.54
Open104.53
Bid103.34 x 1100
Ask103.49 x 1200
Day's Range102.96 - 104.89
52 Week Range60.15 - 122.36
Volume1,357,496
Avg. Volume2,005,256
Market Cap11.842B
Beta (5Y Monthly)1.41
PE Ratio (TTM)36.86
EPS (TTM)2.80
Earnings DateJul 30, 2020 - Aug 03, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est113.30
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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Overvalued
-7% Est. Return
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  • 3 Top 5G Semiconductor Stock Picks From BofA
    Benzinga

    3 Top 5G Semiconductor Stock Picks From BofA

    The rollout of 5G wireless networks around the world is one of the biggest potential stock market catalysts in the coming years -- especially for semiconductor stocks. Some companies will certainly benefit from the 5G network boom more than others.BofA Securities analyst Vivek Arya said this week that radio frequency chip makers will be some of the biggest 5G winners. Arya estimates that 5G devices will average between $15 and $16 in RF content per device, up from just $9 per 4G device.How To Play 5G With RF Names BofA is forecasting 14% compound annual revenue growth for the RF industry from 2020 through 2022 after the industry flatlined at around $12.5 billion annually over the past three years.About 650 million 5G phone shipments are expected in 2022, up from 170 million this year, the analyst said. Skyworks Solutions Inc (NASDAQ: SWKS), Qorvo Inc (NASDAQ: QRVO) and QUALCOMM, Inc. (NASDAQ: QCOM) are particularly well-positioned given their relationships with suppliers, he said. "Separately, SWKS benefits from strong positioning in IoT markets; QRVO strength in infrastructure, and AVGO strength in networking/compute/software." Initial 5G launches in China have been solid, Arya said. While bears argue that 5G devices lack "must-have" features, commercial momentum will drive mainstream adoption over time, the analyst said. Bank of America has Buy ratings on all three stocks mentioned, The firm has a $140 target for Skyworks, a $120 price target for Qorvo and a $100 target for Qualcomm.Benzinga's Take 5G phones will likely follow the same successful upgrade template that has worked repeatedly in the tech world for decades. 5G phones will initially be a novelty, but they will soon be the universal standard as 4G phones are slowly phased out over time.Do you agree with this take? Email feedback@benzinga.com with your thoughts.Related Links:Here's How Long It Took Nvidia To Reach A 0B Market Cap Nvidia Analyst Says New, Ampere-Based Data Center GPU Makes Chipmaker 'Unassailable'Latest Ratings for SWKS DateFirmActionFromTo May 2020UBSMaintainsNeutral May 2020JP MorganMaintainsNeutral May 2020Wells FargoMaintainsOverweight View More Analyst Ratings for SWKS View the Latest Analyst RatingsSee more from Benzinga * Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios * Goldman Turns Bearish On Apple, Qualcomm, Projects 36% Drop In Q2 iPhone Sales * 10 Stocks To Buy With Low Debt And High Liquidity(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • GlobeNewswire

    Qorvo® to Present at Cowen and Company’s 48th Annual Technology Media & Telecom Conference

    Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced that Company executives are scheduled to present at the Cowen and Company 2020 virtual Technology, Media & Telecom Conference on Thursday, May 28, 2020 at 12:30 p.m. ET. A live webcast of the virtual event will be available on the Company's web site at the following URL: http://www.qorvo.com (under "Investors"). Qorvo (QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity.

  • GlobeNewswire

    Qorvo® Awarded DoD Contract to Advance Copper-Pillar-on-GaN Technology

    Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, has been awarded a three-year contract to further advance the development of copper-pillar-on-GaN flip-chip technology. This Department of Defense (DoD) program will create a high-yield domestic foundry to mature the copper flip assembly process, which enables vertical die stacking in space-constrained phased array radar systems and other defense electronics. Copper pillar flip-chip technology enables vertical stacking of die to integrate many more components, resulting in tighter die-to-die and die-to package spacings to reduce module weight and cost.

  • Qorvo Set to Rally Higher in Weeks Ahead
    TheStreet.com

    Qorvo Set to Rally Higher in Weeks Ahead

    "Mad Money" host Jim Cramer told a caller to the show's "Lightning Round" segment on Monday night his thoughts on Qorvo Inc. . "These are all levered to 5G wireless. They're not my favorite but they're good," said Cramer.

  • TheStreet.com

    4 Noteworthy Things Recently Shared by TI, Qualcomm and Other Chip Suppliers

    Qualcomm is pleased with how Chinese 5G phone sales are trending, while TI is cautious about how customer orders might trend in the near-term.

  • U.S.-China Fight Over Chip Kingpin Rattles Tech Industry
    Bloomberg

    U.S.-China Fight Over Chip Kingpin Rattles Tech Industry

    (Bloomberg) -- Since its founding more than three decades ago, Taiwan Semiconductor Manufacturing Co. has built its business by working behind the scenes to make customers like Apple Inc. and Qualcomm Inc. shine. Now the low-profile chipmaker has landed squarely in the middle of the U.S.-China trade war, an incalculably valuable asset that both sides are vying to control.The Trump administration opened up a new front in the conflict on Friday by barring any chipmaker using American equipment from supplying China’s Huawei Technologies Co. without U.S. government approval. That means TSMC and rivals will have to cut off Huawei unless they get waivers from the U.S. Commerce Dept. TSMC has already stopped accepting new orders from Huawei, the Nikkei newspaper reported Monday.The move threatens to wreak havoc throughout the complex ecosystem that produces technology for consumers and companies around the world. An attack on Huawei threatens not just its workers and its standing as a world leader in making smartphones and telecom equipment, but also hundreds of suppliers. The Chinese government has vowed to protect its national champion, with threats of retribution against U.S. companies that depend on China like Apple Inc. and Boeing Co.“China likely will retaliate, and investors should brace themselves for a possible trade war escalation,” Sanford C. Bernstein & Co. analysts led by Mark Li wrote in a research note on Friday.Read more: U.S. Tightens Rules to Crack Down on Huawei’s Chip Supply Huawei suppliers across Asia fell on Monday, with AAC Technologies Holdings Inc., Q Technology Group Co., Sunwoda Electronic and Lens Technology all sliding 5% or more. TSMC, which gets an estimated 14% of its revenue from Huawei, dropped as much as 2.5%.The U.S. already blacklisted Huawei last year, preventing American companies from supplying the Chinese company unless they got a license. The latest move tightens those restrictions to prevent chipmakers -- American or foreign -- from working with Huawei and its secretive chip-design unit HiSilicon on the cutting-edge semiconductors they need to make smartphones and communications equipment. The Trump administration sees Huawei as a dire security threat, an allegation the company denies.“We must amend our rules exploited by Huawei and HiSilicon and prevent U.S. technologies from enabling malign activities contrary to U.S. national security and foreign policy interests,” Commerce Secretary Wilbur Ross said in a tweet.Huawei countered by accusing the U.S. of ulterior motives.“The so-called cybersecurity reasons are merely an excuse,” Richard Yu, head of the Chinese tech giant’s consumer electronics unit wrote in a post to his account on messaging app WeChat. “The key is the threat to the technology hegemony of the U.S” posed by Huawei, he added.The U.S. decision is likely to hurt not just Huawei and TSMC, but also a clutch of American players including gear-makers Applied Materials Inc., KLA and Lam Research Corp. themselves, Morgan Stanley analysts wrote. Disruptions to Huawei’s production will also hurt U.S. customers from Micron Technology Inc. and Qorvo Inc. to Texas Instruments Inc., they said. But “it bears repeating that any escalation of trade tensions is negative for the stocks overall,” they wrote in a research report.It would have been impossible to imagine TSMC becoming such a coveted chit between the world’s great powers when it was founded in 1987. Morris Chang, born in China and trained in the U.S., started the company as a so-called foundry, manufacturing semiconductors for any customer that didn’t want to construct its own fabrication facility, or fab.At the time, the business wasn’t nearly as glamorous as making chips yourself. Dominating the industry at the time were companies like Intel Corp. and Advanced Micro Devices Inc., which made processors for personal computers. “Real men have fabs,” AMD co-founder Jerry Sanders would say, making clear that was an insult.But in the intervening years, the foundry industry has become far more strategic for the technology industry. Customers from Apple and Huawei to Qualcomm and Nvidia Corp. have found they can innovate more quickly if they focus on chip designs and then turn to foundries like TSMC to produce them. Innovators in emerging technologies like artificial intelligence or the internet of things also depend on foundries to crack open new markets.Today, many of the chips for mobile phones, autonomous vehicles, artificial intelligence and any other key technology are made at foundries. TSMC has become the leading foundry in the world by investing heavily in ever more advanced fabs, with annual capital spending of about $16 billion this year.It can now manufacture at 5 nanometers, about twice the width of human DNA, while China’s top foundry, Semiconductor Manufacturing International Corp., or SMIC, is at 14 nanometers. That makes TSMC’s chips far more powerful and energy efficient.Huawei and HiSilicon will have few good options if they are cut off from TSMC. One possibility is to procure off-the-shelf chips from Taiwan’s MediaTek Inc. and South Korea’s Samsung Electronics Co., an option Huawei’s rotating Chairman Eric Xu mentioned in late March. But even that may no longer be viable under the new Commerce restrictions.SMIC itself is keen on moving up the technology ladder, eyeing a secondary share listing that could raise more than $3 billion on top of a large capital infusion from the state.Read more: China Injects $2.2 Billion Into Local Chip Firm Amid U.S. CurbsBut that’s a longer-term endeavor and Huawei’s products meanwhile are likely to suffer, putting them at risk of falling behind those of rivals like Apple or Xiaomi Corp.For TSMC, it’s growing ever more difficult to remain neutral amid the growing tensions between the U.S. and China. The company brands itself “everybody’s foundry,” effectively the Switzerland of the tech industry. It supplies Chinese customers like Huawei and the American military, while relying on U.S. producers of semiconductor-making equipment like Applied Materials and Lam Research.TSMC did take one step closer to the U.S. last week, saying it would build a $12 billion chip plant in Arizona. The Department of Defense has expressed concern that overseas fabs may be vulnerable to cyberattacks and domestic manufacturing would assure a more reliable supply of chips.The proposal appears to be carefully calculated to address such security issues without too much damage to profits or its political balancing act. Suppliers to the military, such as Xilinx Inc., would be able to use the U.S. fab, but the facility would likely account for less than 5% of revenue so margins won’t be compromised.It’s not clear if the plans for a U.S. plant will win TSMC leniency in supplying Huawei, however.“TSMC will not be granted or granted a license based on their intent to build a 5 nanometer fab here in the United States. That’s not part of it at all,” Keith Krach, undersecretary for economic growth, energy and the environment at the State Department, told reporters on a call. “There’s no assurance on that and we don’t anticipate that.”Meanwhile, China appears to be preparing to retaliate for the new restrictions on Huawei. On Friday, the Global Times -- a Chinese tabloid run by the flagship newspaper of the Communist Party -- reported Beijing was ready to initiate countermeasures, including imposing restrictions on Apple, suspending the purchase of Boeing airplanes and putting U.S. companies on an ‘unreliable entity list.’The list will cover “foreign entities that cause actual or potential damage to Chinese companies and industries,” the newspaper said.(Updates with Nikkei report in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Qorvo Braves the Coronavirus Headwinds, but Should You Buy?
    Motley Fool

    Qorvo Braves the Coronavirus Headwinds, but Should You Buy?

    For a company that gets the majority of its revenue from selling components for smartphones, Qorvo's (NASDAQ: QRVO) fiscal fourth-quarter results turned out to be a revelation. Qorvo had reduced its March quarter revenue guidance to $770 million from the original estimate of $800 million to $840 million. Qorvo expects $710 million to $750 million in revenue this quarter, better than Wall Street's expectation of $710 million.

  • Thomson Reuters StreetEvents

    Edited Transcript of QRVO earnings conference call or presentation 7-May-20 9:00pm GMT

    Q4 2020 Qorvo Inc Earnings Call

  • Inphi Stock Gaps Up On Beat-And-Raise Quarterly Report
    Investor's Business Daily

    Inphi Stock Gaps Up On Beat-And-Raise Quarterly Report

    Inphi stock gapped up Friday after the data-center chipmaker delivered a beat-and-raise quarterly report. Qorvo, Microchip and Power Integrations also posted March-quarter results.

  • Qorvo (QRVO) Q4 Earnings Beat Estimates, Revenues Rise Y/Y
    Zacks

    Qorvo (QRVO) Q4 Earnings Beat Estimates, Revenues Rise Y/Y

    Qorvo's (QRVO) fourth-quarter fiscal 2020 results benefit from increased demand for 5G handsets and strength in the Infrastructure and Defense Products (IDP) business.

  • Dow Jones Today, Stocks Rally Despite April Payrolls Crash; Earnings Lift Qorvo, Inphi; DropBox Leads IBD 50
    Investor's Business Daily

    Dow Jones Today, Stocks Rally Despite April Payrolls Crash; Earnings Lift Qorvo, Inphi; DropBox Leads IBD 50

    Inphi and Dropbox were early leaders, while Disney stock hoisted the Dow Jones today, as stocks rallied, despite an April payrolls crash.

  • Qorvo (QRVO) Q4 2020 Earnings Call Transcript
    Motley Fool

    Qorvo (QRVO) Q4 2020 Earnings Call Transcript

    This call will include forward-looking statements that involve risk factors that could cause our actual results to differ materially from management's current expectations. Thank you, Doug, and thanks to everyone for joining our call.

  • Qorvo (QRVO) Tops Q4 Earnings and Revenue Estimates
    Zacks

    Qorvo (QRVO) Tops Q4 Earnings and Revenue Estimates

    Qorvo (QRVO) delivered earnings and revenue surprises of 18.94% and 2.52%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Qorvo® Point-of-Care Diagnostic Platform Achieves Key Development Milestone

    Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced achievement of a key milestone in the development of a veterinary point-of-care (POC) diagnostic platform for Zomedica Pharmaceuticals Corp.  Zomedica announced that its TRUFORMA™ POC platform, based on Qorvo’s acoustic resonators, and first assay have completed final verification. Qorvo Biotechnologies LLC, a wholly owned subsidiary of Qorvo US, Inc., signed a development and supply agreement in 2018 with Zomedica (NYSE American: ZOM) for its POC platform to be tested for veterinary use.

  • GlobeNewswire

    Qorvo® Announces Fiscal 2020 Fourth Quarter Financial Results

    GREENSBORO, N.C., May 07, 2020 -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the.

  • Semiconductor Stocks' May 7 Earnings Lineup: IPHI, SYNA & More
    Zacks

    Semiconductor Stocks' May 7 Earnings Lineup: IPHI, SYNA & More

    Here is a sneak peek on how five notable semiconductor stocks are poised ahead of their upcoming quarterly results scheduled for May 7.

  • Telecom Stocks Earnings Roster on May 7: MSI, QRVO & More
    Zacks

    Telecom Stocks Earnings Roster on May 7: MSI, QRVO & More

    Let's take a look at four Telecom stocks that are slated to report quarterly results on May 7.

  • GlobeNewswire

    Qorvo® to Present at J.P. Morgan’s 48th Annual Global Technology, Media and Communications Conference

    Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced that Company executives are scheduled to present at the J.P. Morgan virtual Global Technology, Media and Communications Conference on Wednesday, May 13, 2020 at 3:20 p.m. ET. 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.

  • TheStreet.com

    Skyworks Gives Chip Stocks a Boost With Its Upbeat Demand Commentary

    Echoing top customer Apple, Skyworks indicated that demand improved in April following a rough March. The company was also optimistic about second-half sales.

  • Factors Setting the Tone for Qorvo's (QRVO) Q4 Earnings
    Zacks

    Factors Setting the Tone for Qorvo's (QRVO) Q4 Earnings

    Benefits from robust mobile volume growth and strong demand for solutions in defense and connectivity are likely to get reflected on Qorvo's (QRVO) fourth-quarter fiscal 2020 results.

  • Qorvo (QRVO) Earnings Expected to Grow: Should You Buy?
    Zacks

    Qorvo (QRVO) Earnings Expected to Grow: Should You Buy?

    Qorvo (QRVO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Barrons.com

    Apple-Supplier Stocks Have Taken a Beating. Here Are 4 That Might Be Cheap Enough.

    The stocks of Apple suppliers have underperformed Apple shares year to date. And now might be the time for investors to pick up cheap tech stocks near the bottom of the market.

  • Can Qorvo (QRVO) Keep the Earnings Surprise Streak Alive?
    Zacks

    Can Qorvo (QRVO) Keep the Earnings Surprise Streak Alive?

    Qorvo (QRVO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Qorvo (NASDAQ:QRVO) Shareholders Have Enjoyed A 18% Share Price Gain
    Simply Wall St.

    Qorvo (NASDAQ:QRVO) Shareholders Have Enjoyed A 18% Share Price Gain

    Some Qorvo, Inc. (NASDAQ:QRVO) shareholders are probably rather concerned to see the share price fall 32% over the...