Qorvo, Inc. provides radio frequency (RF) solutions and technologies for smartphones and other mobile devices, defense and aerospace, Wi-Fi customer premises equipment, cellular base stations, and Internet of Things applications (IoT) worldwide.
Solid track record with excellent balance sheet.
Share Price & News
How has Qorvo's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: QRVO's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: QRVO exceeded the US Semiconductor industry which returned 4.9% over the past year.
Return vs Market: QRVO exceeded the US Market which returned -11.5% over the past year.
Price Volatility Vs. Market
How volatile is Qorvo's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StIs Qorvo, Inc.’s (NASDAQ:QRVO) Return On Capital Employed Any Good?
2 weeks ago | Simply Wall StHere's Why I Think Qorvo (NASDAQ:QRVO) Might Deserve Your Attention Today
4 weeks ago | Simply Wall StQorvo, Inc. (NASDAQ:QRVO) Delivered A Weaker ROE Than Its Industry
Is Qorvo undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: QRVO ($80.69) is trading below our estimate of fair value ($120.04)
Significantly Below Fair Value: QRVO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: QRVO is poor value based on its PE Ratio (27.7x) compared to the Semiconductor industry average (25.8x).
PE vs Market: QRVO is poor value based on its PE Ratio (27.7x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: QRVO is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: QRVO is good value based on its PB Ratio (2.2x) compared to the US Semiconductor industry average (2.3x).
How is Qorvo forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: QRVO's forecast earnings growth (24.1% per year) is above the savings rate (1.7%).
Earnings vs Market: QRVO's earnings (24.1% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: QRVO's revenue (6.7% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: QRVO's revenue (6.7% 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 low in 3 years time (17.3%).
How has Qorvo performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QRVO has high quality earnings.
Growing Profit Margin: QRVO's current net profit margins (11%) are higher than last year (1.9%).
Past Earnings Growth Analysis
Earnings Trend: QRVO's earnings have grown by 16.4% per year over the past 5 years.
Accelerating Growth: QRVO's earnings growth over the past year (495.8%) exceeds its 5-year average (16.4% per year).
Earnings vs Industry: QRVO earnings growth over the past year (495.8%) exceeded the Semiconductor industry -30.5%.
Return on Equity
High ROE: QRVO's Return on Equity (8%) is considered low.
How is Qorvo's financial position?
Financial Position Analysis
Short Term Liabilities: QRVO's short term assets ($2.1B) exceed its short term liabilities ($491.2M).
Long Term Liabilities: QRVO's short term assets ($2.1B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: QRVO's debt to equity ratio (36.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if QRVO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: QRVO's debt is well covered by operating cash flow (58.4%).
Interest Coverage: QRVO's interest payments on its debt are well covered by EBIT (12.6x coverage).
Inventory Level: QRVO has a high level of physical assets or inventory.
Debt Coverage by Assets: QRVO's debt is covered by short term assets (assets are 1.3x debt).
What is Qorvo's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate QRVO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate QRVO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if QRVO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if QRVO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of QRVO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bob Bruggeworth (58yo)
Mr. Robert A. Bruggeworth, also known as Bob, has been the Chief Executive Officer and President of Qorvo, Inc. since December 2013. Mr. Bruggeworth serves as the Chief Executive Officer and President of R ...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD7.98M) is about average for companies of similar size in the US market ($USD7.47M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||3.75yrs||US$2.58m||0.088% $8.2m|
|Corporate Vice President of Global Operations||1.67yrs||US$2.83m||0.035% $3.2m|
|Corporate VP and President of Infrastructure & Defense Products||5.17yrs||US$2.33m||0.040% $3.7m|
|Corporate VP & President of Mobile Products||5.17yrs||US$2.91m||0.052% $4.9m|
|Vice President of Investor Relations||no data||no data||no data|
|Corporate VP||no data||no data||no data|
|Director of Corporate Communications||5.17yrs||no data||no data|
|Corporate Vice President of Marketing||5.75yrs||no data||no data|
|Chief Human Resources Officer & Corporate VP||2.92yrs||no data||no data|
Experienced Management: QRVO's management team is seasoned and experienced (5.2 years average tenure).
|Independent Director||5.17yrs||US$306.45k||0.030% $2.8m|
|Independent Director||5.17yrs||US$279.96k||0.0025% $237.1k|
|Chairman of the Board & Lead Independent Director||5.17yrs||US$347.96k||0.058% $5.4m|
|Independent Director||5.17yrs||US$299.96k||0.032% $3.0m|
|Lead Independent Director||5.17yrs||US$300.24k||0.023% $2.1m|
|Independent Director||5.17yrs||US$279.96k||0.0054% $505.0k|
|Independent Director||5.17yrs||US$279.96k||0.0097% $910.1k|
|Independent Director||3.17yrs||US$279.96k||0.0083% $778.5k|
Experienced Board: QRVO's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Qorvo, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Qorvo, Inc.
- Ticker: QRVO
- Exchange: NasdaqGS
- Founded: 1991
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$9.335b
- Shares outstanding: 115.68m
- 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|
|0KSJ||LSE (London Stock Exchange)||Yes||New Common Shares||GB||USD||Jun 1997|
|2QO||BRSE (Berne Stock Exchange)||Yes||New Common Shares||CH||CHF||Jun 1997|
|Q1RV34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 COM||BR||BRL||Jan 2020|
Qorvo, Inc. provides radio frequency (RF) solutions and technologies for smartphones and other mobile devices, defense and aerospace, Wi-Fi customer premises equipment, cellular base stations, and Internet of Things applications (IoT) worldwide. The company operates in two segments, Mobile Products, and Infrastructure and Defense Products. Its products and technologies help people in connecting with each other, accessing broadband data and critical networks, transacting mobile commerce, and interacting through social media. The company offers filters, duplexers, switches, multimode/multi-band power amplifiers and transmit modules, RF power management integrated circuits, antenna switch modules, antenna tuners, antennaplexers, and modules incorporating power amplifiers (PAs) and duplexers, as well as modules incorporating switches, PAs, and duplexers for use in mobile devices. It also provides integrated solutions that include switch-LNA modules, variable gain amplifiers, and integrated PA Doherty modules for massive multiple-input/multiple-output systems; technologies for high-power phased array radar, electronic warfare, and communications systems, as well as compound semiconductor foundry services; Wi-Fi customer premises equipment, including routers, gateways, set-top boxes, and enterprise infrastructure; silicon complementary metal oxide semiconductor system-on-a-chip hardware, firmware, and application software that enable equipment manufacturers to develop smart home products; and automotive RF connectivity products. In addition, it offers optical modulator drivers and trans-impedance amplifiers for use in broadband cable, point-to-point radio, and very small aperture terminal applications. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1991 and is headquartered in Greensboro, North Carolina.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 03:06|
|End of Day Share Price||2020/03/27 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.