QRVO - Qorvo, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
63.28
+1.03 (+1.65%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close62.25
Open62.55
Bid63.00 x 1100
Ask63.59 x 800
Day's Range62.16 - 63.57
52 Week Range54.74 - 86.84
Volume888,198
Avg. Volume1,515,739
Market Cap7.904B
Beta (3Y Monthly)1.27
PE Ratio (TTM)N/A
EPS (TTM)-0.34
Earnings DateJan 29, 2019 - Feb 4, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est70.48
Trade prices are not sourced from all markets
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  • Markit4 days ago

    See what the IHS Markit Score report has to say about Qorvo Inc.

    # Qorvo Inc ### NASDAQ/NGS:QRVO View full report here! ## Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is low for QRVO with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $11.17 billion over the last one-month into ETFs that hold QRVO are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • What Dialog’s Revised Q4 2018 Guidance Says about Apple Suppliers
    Market Realist5 days ago

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  • GlobeNewswire5 days ago

    Zomedica Announces $4.28 Million Private Placement Closing and Corporate Update

    Zomedica Pharmaceuticals Corp. (NYSE American: ZOM) (ZOM.V) (“Zomedica” or “Company”), a veterinary diagnostic and pharmaceutical company, today announced the completion of its previously announced private placement offering, pursuant to which it has issued an aggregate of 2,815,789 common shares at a price of $1.52 (C$2.00) per share, for aggregate gross proceeds of $4,280,000 (approximately C$5,649,600), in the United States to accredited investors only pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506(b) of Regulation D thereunder. Zomedica intends to use the net proceeds of the offering to fund its cash expenditure obligations under the Company’s exclusive development and supply agreement with Qorvo Biotechnologies, LLC (Qorvo), a wholly-owned subsidiary of Qorvo, Inc. (QRVO).

  • Why Qorvo, Inc. (NASDAQ:QRVO) Is A Financially Healthy Company
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    Why Qorvo, Inc. (NASDAQ:QRVO) Is A Financially Healthy Company

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  • Benzinga10 days ago

    Analysts Stick With Skyworks Stances Despite Lower Q1 Guidance

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  • Weakness Continues to Plague Apple’s iPhone Sales
    Market Realist10 days ago

    Weakness Continues to Plague Apple’s iPhone Sales

    Weakness Continues to Plague Apple’s iPhone Sales ## Apple cuts iPhone production again As per the latest report by the Nikkei Asian Review on January 9, Apple (AAPL) is cutting the production of its latest iPhone models by ~10% in the first quarter due to sluggish iPhone sales. The recent cut in iPhone production comes within two months of the iPhone maker telling its suppliers to produce fewer-than-expected iPhones for the March quarter. Soft demand for the latest iPhone models has led the company’s suppliers, including Lumentum Holdings (LITE), Qorvo (QRVO), Universal Display, Cirrus Logic (CRUS), and Skyworks Solutions (SWKS), to cut their sales outlooks. Apple’s iPhone sales weakness was also reflected in the reduction of its sales guidance, which it announced last week. Apart from the soft iPhone sales expected in Greater China, Apple expects the weakening Chinese economy to further dent iPhone sales. ## Lower demand for Apple’s newest iPhones The company’s trimmed-down production plan for its smartphones—including its new iPhone models the XS Max, XS, and XR—signals that its new models aren’t seeing robust demand. Reportedly, the company’s planned production volumes for new and old iPhones will now be ~40 million–43 million units for the first quarter, down from the earlier forecast of 47 million–48 million units. Apple has been witnessing sluggish demand for its iPhones, which are a crucial driver of its revenue. The company also missed its iPhone shipment estimate on November 1. It reported iPhone unit shipments of 46.9 million in the fourth quarter of fiscal 2018, down from analysts’ expectation of 47.5 million units.

  • Markit10 days ago

    See what the IHS Markit Score report has to say about Qorvo Inc.

    # Qorvo Inc ### NASDAQ/NGS:QRVO View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is low for QRVO with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding QRVO is favorable, with net inflows of $19.93 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Should Semiconductor Investors Worry about Apple’s Weak Guidance?
    Market Realist11 days ago

    Should Semiconductor Investors Worry about Apple’s Weak Guidance?

    Semiconductor Stocks Plunge on Apple's Weak Revenue Guidance (Continued from Prior Part) ## What’s behind Apple’s downtrend? Previously, we saw that Apple (AAPL) has been hit by slowing iPhone demand, which sent the company’s stock on a downward path. The stock has fallen 36% to a new 52-week low of $142 between November 1, 2018, and January 3, 2019. The downtrend started on November 1 when the company reported lower-than-expected revenue guidance of $91 billion at the midpoint for the first quarter of fiscal 2019, which ended December 29, 2018. The steepest decline in Apple stock came on January 3 after the company revised its revenue guidance by 7.7% to $84 billion, representing a decline of 5% from a year ago. ## Semiconductor suppliers hit by Apple’s weak guidance Apple is one of the largest customers in the semiconductor industry. Companies like Qorvo (QRVO), Cirrus Logic (CRUS), and Skyworks (SWKS) depend heavily on the iPhone maker for revenue. Weak revenue from Apple will lower orders from the iPhone maker, thereby impacting suppliers’ earnings. Thus, stocks of the above three companies fell more than 8% on January 3. Broadcom (AVGO) also took a big hit, as it is one of Apple’s biggest suppliers and supplies various components for iPhones. As the smartphone market slowed, some suppliers reduced their dependence on Apple by diversifying their revenue streams, which mitigated the impact of Apple’s weak guidance on their stocks. The stock of Apple’s sole foundry partner for A12 processors, TSMC (TSM), fell 5.9% on January 3. TSMC has been increasing its exposure to high computing processors. The declines from Apple are likely to be offset by new orders from Qualcomm (QCOM) and Advanced Micro Devices (AMD). The stock of Intel (INTC), Apple’s sole modem supplier, fell 5.5% on January 3, as the latter’s modem business contributes little towards its revenue. Apple’s power management chip supplier, Texas Instruments (TXN), fell 5.9% on the same day, as the latter reduced its exposure to the iPhone maker by diversifying into automotive and industrial markets. The stocks of the above suppliers could recover from the January 3 fall but are likely to see another fall when Apple releases its fiscal 2019 first-quarter earnings on January 29. Thus, investors should keep an eye on Apple’s upcoming earnings. Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look! Browse this series on Market Realist: * Part 1 - Investors React to Apple’s Weak Q1 Revenue Guidance

  • When Apple Sneezes, Suppliers Catch a Cold
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    When Apple Sneezes, Suppliers Catch a Cold

    Apple Lowers Its Outlook: What’s Next? (Continued from Prior Part) ## Apple’s revenue expectation shrinks Being a part of Apple’s (AAPL) supply chain can be a huge benefit to suppliers, but can also pose a liability. Several large Apple supplier stocks fell after Apple lowered its outlook for fiscal 2019’s first quarter. While Apple originally expected ~$93 billion in revenue in the December quarter, it now expects only ~$84 billion because of soft iPhone demand. Apple stock fell 10% on the first full trading day after its outlook cut, as did several Apple suppliers. ## Suppliers feel the effect Intel (INTC), which replaced Qualcomm (QCOM) as Apple’s modem chip supplier for iPhones, saw its stock fall 5.5%, while Qorvo (QRVO), a radio frequency chip supplier for Apple, fell 9.1%. Lumentum (LITE), which supplies technology for Apple’s facial recognition system, Face ID, fell 8.4%. ## Apple on track to double services revenue While weak hardware demand prompted Apple to reduce its revenue outlook, the company’s services business has continued to strengthen. The company expects its services revenue to be $10.8 billion in the December quarter, and it rose 17% year-over-year to $10 billion in the September quarter. Apple generated $24.3 billion in services revenue in 2016 and reports that it is on track to double that by 2020. Browse this series on Market Realist: * Part 1 - How Apple Was Affected by Its iPhone Battery Discount * Part 2 - A Look at Apple’s Revised Outlook * Part 3 - Why China Could Pose a Challenge for Apple

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  • ACCESSWIRE15 days ago

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  • MarketWatch16 days ago

    Apple suppliers' stocks take a beating after revenue warning

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