QRVO Stock Overview
Qorvo, Inc. develops and commercializes technologies and products for wireless, wired, and power markets worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$82.67|
|52 Week High||US$178.50|
|52 Week Low||US$80.47|
|1 Month Change||-11.87%|
|3 Month Change||-12.35%|
|1 Year Change||-51.35%|
|3 Year Change||15.83%|
|5 Year Change||14.57%|
|Change since IPO||979.74%|
Recent News & Updates
Is Qorvo (NASDAQ:QRVO) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Qorvo CFO sheds interim tag
Qorvo (NASDAQ:QRVO) notifies the appointment of Grant Brown as CFO, effective August 29, 2022. Mr. Brown was named interim CFO on April 18, 2022, and previously served as Qorvo's vice president of Treasury. Read: Qorvo (QRVO) beat Street forecasts with its 1Q financials for fiscal 2023.
|QRVO||US Semiconductor||US Market|
Return vs Industry: QRVO underperformed the US Semiconductor industry which returned -27.2% over the past year.
Return vs Market: QRVO underperformed the US Market which returned -22.1% over the past year.
|QRVO Average Weekly Movement||5.8%|
|Semiconductor Industry Average Movement||7.9%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: QRVO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: QRVO's weekly volatility (6%) has been stable over the past year.
About the Company
Qorvo, Inc. develops and commercializes technologies and products for wireless, wired, and power markets worldwide. The company operates through two segments, Mobile Products, and Infrastructure and Defense Products. It offers mobile devices, such as smartphones, wearables, laptops, tablets and other devices; radio frequency power management integrated circuits, ultra-wideband (UWB) system-on-a-chip (SoC) and system-in-package (SiP) solutions, MEMS-based sensors, antenna tuners, and antennaplexers, as well as discrete multiplexers, duplexers, filters, and switches; and cellular base stations include switch-low noise amplifier (LNA) modules, variable gain amplifiers, integrated power amplifier (PA) Doherty modules, discrete LNAs, and high power GaN amplifiers.
Qorvo Fundamentals Summary
|QRVO fundamental statistics|
Is QRVO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|QRVO income statement (TTM)|
|Cost of Revenue||US$2.45b|
Last Reported Earnings
Jul 02, 2022
Next Earnings Date
|Earnings per share (EPS)||7.91|
|Net Profit Margin||17.87%|
How did QRVO perform over the long term?See historical performance and comparison
Is QRVO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for QRVO?
Other financial metrics that can be useful for relative valuation.
|What is QRVO's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does QRVO's PE Ratio compare to its peers?
|QRVO PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
LSCC Lattice Semiconductor
OLED Universal Display
SWKS Skyworks Solutions
CRUS Cirrus Logic
Price-To-Earnings vs Peers: QRVO is good value based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (25x).
Price to Earnings Ratio vs Industry
How does QRVO's PE Ratio compare vs other companies in the US Semiconductor Industry?
Price-To-Earnings vs Industry: QRVO is good value based on its Price-To-Earnings Ratio (10.4x) compared to the US Semiconductor industry average (15.4x)
Price to Earnings Ratio vs Fair Ratio
What is QRVO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||10.4x|
|Fair PE Ratio||26.6x|
Price-To-Earnings vs Fair Ratio: QRVO is good value based on its Price-To-Earnings Ratio (10.4x) compared to the estimated Fair Price-To-Earnings Ratio (26.6x).
Share Price vs Fair Value
What is the Fair Price of QRVO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: QRVO ($82.67) is trading below our estimate of fair value ($259.36)
Significantly Below Fair Value: QRVO is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Qorvo forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: QRVO's forecast earnings growth (21.9% per year) is above the savings rate (1.9%).
Earnings vs Market: QRVO's earnings (21.9% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: QRVO's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: QRVO's revenue (8.6% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: QRVO's revenue (8.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: QRVO's Return on Equity is forecast to be high in 3 years time (26.9%)
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How has Qorvo performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QRVO has high quality earnings.
Growing Profit Margin: QRVO's current net profit margins (17.9%) are lower than last year (21.2%).
Past Earnings Growth Analysis
Earnings Trend: QRVO has become profitable over the past 5 years, growing earnings by 60.3% per year.
Accelerating Growth: QRVO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: QRVO had negative earnings growth (-11.3%) over the past year, making it difficult to compare to the Semiconductor industry average (54.4%).
Return on Equity
High ROE: QRVO's Return on Equity (19%) is considered low.
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How is Qorvo's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: QRVO's short term assets ($2.4B) exceed its short term liabilities ($718.5M).
Long Term Liabilities: QRVO's short term assets ($2.4B) exceed its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: QRVO's net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: QRVO's debt to equity ratio has increased from 20.1% to 47.6% over the past 5 years.
Debt Coverage: QRVO's debt is well covered by operating cash flow (47.9%).
Interest Coverage: QRVO's interest payments on its debt are well covered by EBIT (16.9x coverage).
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What is Qorvo current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Qorvo Dividend Yield vs Market|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.6%|
|Industry Average (Semiconductor)||2.0%|
|Analyst forecast in 3 Years (Qorvo)||0%|
Notable Dividend: Unable to evaluate QRVO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate QRVO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if QRVO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if QRVO's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as QRVO has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bob Bruggeworth (61 yo)
Mr. Robert A. Bruggeworth, also known as Bob, serves as President & Director of Qorvo US, Inc. He has been the Chief Executive Officer and President of Qorvo, Inc. since December 2013. Mr. Bruggeworth serv...
CEO Compensation Analysis
|Bob Bruggeworth's Compensation vs Qorvo Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jul 02 2022||n/a||n/a|
|Apr 02 2022||US$10m||US$920k|
|Jan 01 2022||n/a||n/a|
|Oct 02 2021||n/a||n/a|
|Jul 03 2021||n/a||n/a|
|Apr 03 2021||US$10m||US$885k|
|Jan 02 2021||n/a||n/a|
|Oct 03 2020||n/a||n/a|
|Jun 27 2020||n/a||n/a|
|Mar 28 2020||US$8m||US$851k|
|Dec 28 2019||n/a||n/a|
|Sep 28 2019||n/a||n/a|
|Jun 29 2019||n/a||n/a|
|Mar 30 2019||US$8m||US$826k|
|Dec 29 2018||n/a||n/a|
|Sep 29 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||US$7m||US$803k|
|Dec 30 2017||n/a||n/a|
|Sep 30 2017||n/a||n/a|
|Jul 01 2017||n/a||n/a|
|Apr 01 2017||US$7m||US$794k|
|Dec 31 2016||n/a||n/a|
|Oct 01 2016||n/a||n/a|
|Jul 02 2016||n/a||n/a|
|Apr 02 2016||US$6m||US$771k|
Compensation vs Market: Bob's total compensation ($USD10.07M) is about average for companies of similar size in the US market ($USD8.63M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
Experienced Management: QRVO's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: QRVO's board of directors are considered experienced (7.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: QRVO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
|07 Sep 22||SellUS$133,740||Jeffery Gardner||Individual||1,500||US$89.16|
|22 Aug 22||SellUS$122,730||Frank Stewart||Individual||1,224||US$100.27|
|02 Jun 22||SellUS$328,800||Jeffery Gardner||Individual||3,000||US$109.60|
|31 May 22||SellUS$110,570||Jeffery Gardner||Individual||1,000||US$110.57|
|26 May 22||SellUS$543,400||Jeffery Gardner||Individual||5,000||US$108.68|
|03 Dec 21||SellUS$200,141||John Harding||Individual||1,325||US$151.05|
|Owner Type||Number of Shares||Ownership Percentage|
|State or Government||51,194||0.05%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Qorvo, Inc.'s employee growth, exchange listings and data sources
- Name: Qorvo, Inc.
- Ticker: QRVO
- Exchange: NasdaqGS
- Founded: 1957
- Industry: Semiconductors
- Sector: Semiconductors
- Implied Market Cap: US$8.532b
- Shares outstanding: 103.20m
- Website: https://www.qorvo.com
Number of Employees
- Qorvo, Inc.
- 7628 Thorndike Road
- North Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|QRVO||NasdaqGS (Nasdaq Global Select)||Yes||New Common Shares||US||USD||Jun 1997|
|2QO||DB (Deutsche Boerse AG)||Yes||New Common Shares||DE||EUR||Jun 1997|
|2QO||XTRA (XETRA Trading Platform)||Yes||New Common Shares||DE||EUR||Jun 1997|
|0KSJ||LSE (London Stock Exchange)||Yes||New Common Shares||GB||USD||Jun 1997|
|QRVO *||BMV (Bolsa Mexicana de Valores)||Yes||New Common Shares||MX||MXN||Jun 1997|
|Q1RV34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 COM||BR||BRL||Jan 2020|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.