QRVO - Qorvo Inc Stock Price, Fair Value and News

112.15USD+4.17 (+3.86%)Market Closed

Market Summary

USD112.15+4.17

Market Closed

3.86%

QRVO Stock Price

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QRVO RSI Chart

QRVO Valuation

Market Cap

10.4B

Price/Earnings (Trailing)

-49.3

Price/Sales (Trailing)

3.01

EV/EBITDA

30.07

Price/Free Cashflow

18.36

QRVO Price/Sales (Trailing)

QRVO Profitability

EBT Margin

3.60%

Return on Equity

-5.81%

Return on Assets

-3.16%

Free Cashflow Yield

5.45%

QRVO Fundamentals

QRVO Revenue

Revenue (TTM)

3.5B

Rev. Growth (Yr)

44.48%

Rev. Growth (Qtr)

-2.69%

QRVO Earnings

Earnings (TTM)

-211.5M

Earnings Growth (Yr)

-696.8%

Earnings Growth (Qtr)

-230.24%

Breaking Down QRVO Revenue

Last 7 days

-2.8%

Last 30 days

-5.6%

Last 90 days

1.9%

Trailing 12 Months

17.4%

How does QRVO drawdown profile look like?

QRVO Financial Health

Current Ratio

1.9

Debt/Equity

0.43

Debt/Cashflow

0.45

QRVO Investor Care

Buy Backs (1Y)

3.34%

Diluted EPS (TTM)

-2.08

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	3.6B	3.2B	3.1B	3.5B
2022	4.6B	4.6B	4.5B	4.1B
2021	4.0B	4.3B	4.5B	4.6B
2020	3.2B	3.3B	3.5B	3.7B
2019	3.1B	3.2B	3.1B	3.1B
2018	3.0B	3.0B	3.1B	3.1B
2017	3.0B	3.0B	2.9B	3.0B
2016	2.6B	2.6B	2.8B	3.0B
2015	1.7B	2.1B	2.4B	2.6B
2014	1.1B	1.2B	1.2B	1.3B
2013	964.1M	1.0B	1.1B	1.1B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

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Grufity's Fair Value model takes all the S&P 500 stocks and divides them into separate buckets based on their attractiveness. The 'Very Cheap' bucket of S&P 500 has greatly outperformed S&P 500 Index. Conversely, S&P500 stocks considered 'Very Expensive' by the model underperformed the S&P500 index in the past three years. Grufity Fair Value is available for 2300+ stocks, including 90% of S&P 500 stocks. Grufity's Fair Value Model separates high-return stocks from low-return stocks.

Returns of $10,000 invested in:

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S&P 500 Index: $12,922
Very Expensive Stocks: $11,022

Grufity's Fair Value model does a great job in separating High Performing Stocks from Low Performing ones in the S&P 500 list.

S&P 500 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Qorvo Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 01, 2024	creviston steven e	sold	-360,000	120	-3,000	svp, connectivity & sensors
Feb 15, 2024	harrison gina	sold	-40,356	114	-354	vp and corporate controller
Feb 15, 2024	chesley philip	sold	-484,842	114	-4,253	svp, high performance analog
Feb 15, 2024	fego paul j	sold	-345,078	114	-3,027	svp, global operations
Dec 14, 2023	creviston steven e	sold	-330,000	110	-3,000	svp, connectivity & sensors
Dec 11, 2023	harrison gina	sold	-38,325	105	-365	vp and corporate controller
Dec 06, 2023	chesley philip	sold	-1,033,880	97.72	-10,580	svp, high performance analog
Dec 05, 2023	chesley philip	sold (taxes)	-236,166	97.67	-2,418	svp, high performance analog
Nov 27, 2023	rhines walden c	bought	465,950	93.19	5,000	-
Nov 15, 2023	fego paul j	sold	-439,565	95.00	-4,627	svp, global operations

Which funds bought or sold QRVO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Venturi Wealth Management, LLC	added	450	17,645	21,474	-%
Apr 23, 2024	Global Retirement Partners, LLC	reduced	-13.49	-262	12,516	-%
Apr 23, 2024	FIFTH THIRD BANCORP	added	1.12	21,973	728,826	-%
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-5.08	-21,351	643,048	0.01%
Apr 23, 2024	NEW MEXICO EDUCATIONAL RETIREMENT BOARD	reduced	-3.88	-12,000	568,000	0.02%
Apr 23, 2024	Total Clarity Wealth Management, Inc.	new	-	232,531	232,531	0.08%
Apr 23, 2024	WETZEL INVESTMENT ADVISORS, INC.	reduced	-24.36	-2,637	6,363	-%
Apr 23, 2024	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	unchanged	-	10,716	155,538	-%
Apr 23, 2024	HALL LAURIE J TRUSTEE	unchanged	-	1,000	36,000	0.01%
Apr 23, 2024	United Asset Strategies, Inc.	added	2.57	72,638	1,654,470	0.16%

Are Funds Buying or Selling QRVO?

Are funds buying QRVO calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own QRVO

No. of Funds

Unveiling Qorvo Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	baupost group llc/ma	0%	0	SC 13G/A
Feb 13, 2024	vanguard group inc	11.98%	11,662,641	SC 13G/A
Feb 09, 2024	capital research global investors	4.6%	4,498,917	SC 13G/A
Jan 24, 2024	blackrock inc.	9.2%	8,978,981	SC 13G/A
Feb 14, 2023	vulcan value partners, llc	2.67%	2,728,901	SC 13G/A
Feb 13, 2023	capital research global investors	5.5%	5,606,628	SC 13G
Feb 13, 2023	baupost group llc/ma	5.65%	5,731,657	SC 13G/A
Feb 09, 2023	vanguard group inc	11.67%	11,829,838	SC 13G/A
Feb 07, 2023	blackrock inc.	8.4%	8,521,126	SC 13G/A
Feb 14, 2022	vulcan value partners, llc	5.12%	5,640,650	SC 13G/A

Recent SEC filings of Qorvo Inc

View All Filings

Date Filed	Form Type	Document
Mar 05, 2024	4	Insider Trading
Mar 01, 2024	144	Notice of Insider Sale Intent
Feb 19, 2024	UPLOAD	UPLOAD
Feb 16, 2024	4	Insider Trading
Feb 16, 2024	4	Insider Trading
Feb 16, 2024	4	Insider Trading
Feb 15, 2024	144/A	144/A
Feb 15, 2024	144	Notice of Insider Sale Intent
Feb 15, 2024	144	Notice of Insider Sale Intent
Feb 15, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Qorvo Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NVDA	2.1T	60.9B	-12.59%	204.78%	69.24	33.82	125.85%	581.31%
AMD	246.0B	22.7B	-15.26%	73.85%	288.04	10.85	-3.90%	-35.30%
AMAT	160.6B	26.5B	-8.09%	70.09%	22.43	6.06	0.88%	10.98%
INTC	144.9B	54.2B	-19.50%	15.54%	85.79	2.67	-14.00%	-78.92%
ADI	94.2B	11.6B	-1.82%	1.62%	33.46	8.14	-8.03%	-17.90%
MID-CAP
AMKR	7.2B	6.5B	-6.92%	26.98%	20.13	1.11	-8.30%	-53.02%
CRUS	4.5B	1.8B	-7.29%	-2.84%	25.81	2.54	-11.16%	-46.12%
DIOD	3.2B	1.7B	2.08%	-16.25%	14.09	1.93	-16.94%	-31.42%
ACLS	3.2B	1.1B	-13.69%	-22.83%	12.88	2.81	22.89%	34.51%
AMBA	1.7B	226.5M	-16.97%	-39.29%	-9.97	7.46	-32.92%	-159.10%
SMALL-CAP
ACMR	1.6B	557.7M	-11.19%	166.96%	21.3	2.95	43.44%	97.00%
AOSL	570.7M	640.0M	-6.75%	-18.83%	-33.28	0.89	-19.44%	-128.49%
AEHR	305.3M	71.9M	-27.97%	-59.92%	19.82	4.25	14.14%	8.17%
ATOM	149.9M	550.0K	-7.10%	4.07%	-7.57	272.49	43.98%	-13.47%
ASYS	67.5M	116.7M	-7.39%	-45.48%	-3.52	0.58	15.07%	-240.88%

Qorvo Inc News

Latest updates

Qorvo Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-2.7%	1,074	1,103	651	633	743	1,158	1,035	1,166	1,114	1,255	1,110	1,073	1,095	1,060	787	788	869	807	776	681	832
Gross Profit	-20.8%	388	490	229	115	268	539	375	570	548	622	546	528	538	492	326	336	368	324	294	267	338
Operating Expenses	27.0%	429	338	277	304	259	277	273	300	252	259	249	235	239	270	233	234	215	211	239	203	257
S&GA Expenses	-16.2%	87.00	104	105	83.00	76.00	98.00	102	84.00	82.00	93.00	90.00	78.00	93.00	109	87.00	85.00	81.00	88.00	89.00	75.00	126
R&D Expenses	-6.1%	164	175	163	164	149	168	169	159	154	158	152	147	137	156	130	127	123	116	119	113	110
EBITDA Margin	-10.3%	0.11*	0.13*	0.12*	0.11*	0.36*	0.33*	0.32*	0.31*	0.24*	0.24*	0.25*	0.27*	-	-	-	-	-	-	-	-	-
Interest Expenses	2.7%	18.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	15.00	15.00	15.00	15.00	17.00	23.00	19.00	19.00	17.00	13.00	12.00	10.00	10.00
Income Taxes	97.5%	83.00	42.00	-8.10	-60.61	13.00	58.00	11.00	35.00	67.00	33.00	13.00	-11.95	22.00	63.00	0.00	14.00	22.00	19.00	6.00	-11.30	1.00
Earnings Before Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50.00	71.00
EBT Margin	-9.6%	0.04*	0.04*	0.04*	0.03*	0.29*	0.26*	0.26*	0.25*	0.18*	0.18*	0.19*	0.20*	-	-	-	-	-	-	-	-	-
Net Income	-230.2%	-126	97.00	-43.58	-138	-15.93	189	69.00	212	216	319	286	299	201	137	97.00	50.00	161	83.00	40.00	62.00	70.00
Net Income Margin	-90.4%	-0.06*	-0.03*	0.00*	0.03*	0.11*	0.15*	0.18*	0.22*	0.25*	0.24*	0.21*	0.18*	-	-	-	-	-	-	-	-	-
Free Cashflow	624.4%	467	64.00	5.00	31.00	203	220	230	295	67.00	198	276	325	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-0.3%	6,699	6,719	6,687	6,692	7,076	7,375	7,331	7,509	7,627	7,576	7,272	7,221	7,041	7,824	6,883	6,561	6,520	5,849	5,926	5,808	5,806
Current Assets	7.3%	2,428	2,263	2,088	2,030	2,258	2,521	2,372	2,450	2,446	2,541	2,374	2,484	2,322	3,063	2,079	1,691	2,068	1,552	1,557	1,685	1,616
Cash Equivalents	51.7%	1,072	707	744	809	919	912	859	973	989	1,153	1,200	1,398	1,234	2,000	1,136	716	1,098	587	630	711	650
Inventory	-13.5%	727	840	917	797	857	841	847	756	710	598	570	508	479	477	524	517	480	485	518	512	465
Net PPE	-2.0%	1,039	1,061	1,088	1,150	1,192	1,223	1,234	1,254	1,267	1,277	1,271	1,266	1,232	1,225	1,236	1,259	1,279	1,296	1,309	1,367	1,398
Goodwill	-6.2%	2,540	2,708	2,761	2,761	2,770	2,757	2,767	2,776	2,825	2,734	2,738	2,643	2,651	22.00	2,615	2,614	2,416	103	2,301	2,174	-
Liabilities	5.5%	3,061	2,901	2,874	2,789	2,912	3,053	3,030	2,956	2,959	2,849	2,623	2,592	2,538	3,417	2,531	2,268	2,180	1,583	1,589	1,448	1,229
Current Liabilities	90.5%	1,280	672	639	556	614	764	718	675	673	902	704	682	614	1,477	509	539	491	450	452	436	414
Long Term Debt	-24.3%	1,550	2,049	2,048	2,048	2,048	2,047	2,047	2,047	2,047	1,741	1,742	1,743	1,744	1,764	1,870	1,567	1,569	1,016	1,019	921	714
LT Debt, Current	-	480	-	-	0.00	0.00	-	-	-	-	6.00	5.00	5.00	5.00	905	7.00	7.00	5.00	4.00	2.00	0.00	-
LT Debt, Non Current	-24.3%	1,550	2,049	2,048	2,048	2,048	2,047	2,047	2,047	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	-4.7%	3,638	3,817	3,812	3,903	4,165	4,322	4,301	4,553	4,667	4,728	4,648	4,629	4,504	4,407	4,351	4,293	4,339	4,265	4,337	4,360	4,577
Retained Earnings	-366.8%	-92.33	35.00	-	84.00	316	448	356	512	533	546	405	355	193	113	49.00	-	-37.15	-198	-281	-321	-382
Accumulated Depreciation	2.1%	2,018	1,976	1,934	1,900	1,846	1,820	1,783	1,735	1,698	1,655	1,610	1,562	1,520	1,478	1,460	1,415	1,374	1,322	1,272	1,219	1,159
Shares Outstanding	-0.8%	97.00	98.00	98.00	99.00	100	102	105	106	109	110	112	113	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	8,074	-	-	-	18,621	-	-	-	14,840	-	-	-	8,484	-	-	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	430.0%	493	93.00	45.00	65.00	237	267	273	346	117	245	342	403	404	281	214	214	301	173	257	187	333
Share Based Compensation	-44.3%	22.00	39.00	38.00	19.00	20.00	32.00	35.00	10.00	19.00	29.00	25.00	18.00	19.00	30.00	22.00	14.00	16.00	21.00	25.00	13.00	19.00
Cashflow From Investing	104.5%	1.00	-20.25	-3.94	-36.05	-33.08	-45.39	-38.89	-43.78	-284	-39.63	-227	-77.36	-29.97	-87.98	-23.35	-482	-235	-45.17	-342	-42.09	-72.71
Cashflow From Financing	-4.0%	-113	-109	-105	-139	-201	-167	-345	-317	4.00	-251	-311	-161	-1,141	671	230	-113	445	-170	4.00	-85.14	-168
Buy Backs	0.2%	101	101	100	150	202	160	350	327	302	223	300	175	160	105	75.00	125	125	165	100	299	152

QRVO Income Statement

2023-12-30

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Income Statement [Abstract]
Revenues	$ 1,073,861	$ 743,281	$ 2,828,518	$ 2,936,696
Cost of goods sold	685,983	475,230	1,721,880	1,754,468
Gross profit	387,878	268,051	1,106,638	1,182,228
Operating Expenses [Abstract]
Research and Development Expense	164,329	149,472	502,366	486,204
Selling, general and administrative	86,914	76,269	296,033	275,836
Other operating expense	178,204	33,581	246,516	48,038
Total operating expenses	429,447	259,322	1,044,915	810,078
Operating (loss) income	(41,569)	8,729	61,723	372,150
Interest expense	(17,581)	(17,066)	(51,963)	(51,222)
Other income (expense), net	15,359	5,562	34,286	2,714
Loss before income taxes	(43,791)	(2,775)	44,046	323,642
Income tax benefit (expense)	(83,147)	(13,156)	(117,103)	(82,074)
Net loss	$ (126,938)	$ (15,931)	$ (73,057)	$ 241,568
Earnings Per Share [Abstract]
Basic	$ (1.31)	$ (0.16)	$ (0.75)	$ 2.34
Diluted	$ (1.31)	$ (0.16)	$ (0.75)	$ 2.33
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Basic	97,152	100,943	97,905	103,039
Diluted	97,152	100,943	97,905	103,812

QRVO Balance Sheet

2023-12-30

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 30, 2023	Apr. 01, 2023
Current assets:
Cash and cash equivalents	$ 1,071,987	$ 808,757
Accounts receivable, net of allowance of $432 and $369 as of December 30, 2023 and April 1, 2023, respectively	483,810	304,519
Inventories	726,687	796,596
Prepaid expenses	39,575	46,684
Other Receivables, Net, Current	30,855	26,535
Other current assets	75,454	46,703
Total current assets	2,428,368	2,029,794
Property and equipment, net of accumulated depreciation of $2,017,964 and $1,900,317 as of December 30, 2023 and April 1, 2023, respectively	1,039,439	1,149,806
Goodwill	2,540,461	2,760,813
Intangible assets, net	499,963	537,703
Long-term investments	24,714	20,406
Other non-current assets	166,443	193,381
Total assets	6,699,388	6,691,903
Current liabilities:
Accounts payable	282,954	210,701
Accrued liabilities	327,485	222,463
Long-term Debt, Current Maturities	479,964	310
Other current liabilities	189,930	122,289
Total current liabilities	1,280,333	555,763
Long-Term Debt, Excluding Current Maturities	1,550,438	2,048,073
Other long-term liabilities	230,270	185,273
Total liabilities	3,061,041	2,789,109
Stockholders’ equity:
Preferred stock, $.0001 par value; 5,000 shares authorized; no shares issued and outstanding	0	0
Common stock and additional paid-in capital, $.0001 par value; 405,000 shares authorized; 96,680 and 98,649 shares issued and outstanding at December 30, 2023 and April 1, 2023, respectively	3,730,577	3,821,474
Accumulated other comprehensive income (loss)	102	(3,175)
(Accumulated deficit) retained earnings	(92,332)	84,495
Total stockholders’ equity	3,638,347	3,902,794
Total liabilities and stockholders’ equity	$ 6,699,388	$ 6,691,903

About Qorvo Inc

Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets. The CSG segment supplies connectivity and sensor components and systems featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS-/BAW-based sensors. It serves markets, such as smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. The company also offers foundry services for defense primes and other defense and aerospace customers. 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. It operates in the United States, China, other Asian countries, Taiwan, and Europe. The company was founded in 1957 and is headquartered in Greensboro, North Carolina.

CEO	Mr. Robert A. Bruggeworth
WEBSITE	qorvo.com
INDUSTRY	Semiconductors
EMPLOYEES	8500

Qorvo Inc Frequently Asked Questions

What is the ticker symbol for Qorvo Inc? What does QRVO stand for in stocks?

QRVO is the stock ticker symbol of Qorvo Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Qorvo Inc (QRVO)?

As of Tue Apr 23 2024, market cap of Qorvo Inc is 10.43 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of QRVO stock?

You can check QRVO's fair value in chart for subscribers.

What is the fair value of QRVO stock?

You can check QRVO's fair value in chart for subscribers. The fair value of Qorvo Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Qorvo Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for QRVO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Qorvo Inc a good stock to buy?

The fair value guage provides a quick view whether QRVO is over valued or under valued. Whether Qorvo Inc is cheap or expensive depends on the assumptions which impact Qorvo Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for QRVO.

What is Qorvo Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, QRVO's PE ratio (Price to Earnings) is -49.3 and Price to Sales (PS) ratio is 3.01. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. QRVO PE ratio will change depending on the future growth rate expectations of investors.