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QRVO

95.94USD-1.64(-1.68%)Market Closed

Qorvo Inc

Market Summary

USD95.94-1.64Market Closed
-1.68%

QRVO Alerts

QRVO Stock Price

RSI Chart

Valuation

Market Cap

9.1B

Price/Earnings

11.18

Price/Sales

2

Price/Cashflow

9.31

MarketCap/EBT

7.18

Price/Sales

Profitability

EBT Margin

25.84%

Return on Equity

18.99%

Return on Assets

11.14%

Fundamentals

Revenue

Revenue (TTM)

4.6B

Revenue Y/Y

-6.75%

Revenue Q/Q

-11.22%

Earnings

Earnings (TTM)

816.6M

Earnings Y/Y

-75.88%

Earnings Q/Q

-67.55%

Price Action

52 Week Range

75.38163.95
(Low)(High)

Last 7 days

-3.0%

Last 30 days

12.3%

Last 90 days

0.3%

Trailing 12 Months

-37.1%

Financial Health

Current Ratio

3.3

Debt/Equity

0.48

Debt/Cashflow

0.48

Investor Care

Buy Backs (1Y)

7.14%

Diluted EPS (TTM)

7.4

Peers (Alternatives to Qorvo)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
344.5B
28.6B
26.16% -50.17%
44.5
11.58
17.68% -27.42%
191.5B
31.7B
14.90% -3.11%
21.45
6.05
19.50% 82.82%
147.4B
20.2B
13.06% -5.95%
16.52
7.3
14.79% 21.94%
120.0B
69.5B
9.28% -38.70%
9.02
1.73
-11.38% -36.97%
100.1B
22.8B
25.80% -52.38%
31.98
4.64
53.70% -42.73%
14.1B
2.5B
30.46% 58.32%
149.27
5.6
-3.85% -79.08%
MID-CAP
7.0B
626.2M
36.64% -13.20%
51.67
11.99
30.27% 86.50%
5.1B
6.5B
36.09% 17.83%
7.35
0.78
19.23% 49.17%
3.9B
699.0M
17.87% -25.48%
20.84
5.38
2.60% 25.00%
SMALL-CAP
918.1M
799.0M
6.10% -22.60%
2.03
1.18
15.40% 533.32%
752.7M
1.3B
14.93% -43.27%
11.95
0.64
19.99% 7.15%
687.4M
1.8B
24.53% -43.12%
10.22
0.37
39.00% 721.30%
641.7M
135.3M
2.66% -40.38%
719.35
4.77
15.85% -646.22%
449.5M
387.0M
-0.81% -48.14%
6.37
1.02
-23.64% -38.86%

Financials for Qorvo

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue-1.6%4,5714,6464,5524,5334,338
Gross Profit-7.5%2,1152,2862,2442,2342,104
Operating Expenses2.3%1,0841,060996982993
  S&GA Expenses3.3%361350344355371
  R&D Expenses2.6%640624612594592
Earnings Before Taxes-1,181
Net Income-21.0%8171,0331,1201,105922
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets-2.4%7,3317,5097,6277,5767,272
  Current Assets-3.2%2,3722,4502,4462,5412,374
    Cash Equivalents-11.7%8599739891,1531,200
  Inventory12.1%847756710598570
  Net PPE-1.5%1,2341,2541,2671,2771,271
  Goodwill-0.3%2,7672,7762,8252,7342,738
Liabilities2.5%3,0302,9562,9592,8492,623
  Current Liabilities6.4%718675673902704
  Long Term Debt0.0%2,0472,0471,7411,742-
    LT Debt, Current5.9%65---
    LT Debt, Non Current0.0%2,0472,047---
Shareholder's Equity-5.5%4,3014,5534,6674,7284,648
  Retained Earnings-30.5%356512533546405
Accumulated Depreciation2.8%1,7831,7351,6981,6551,610
Shares Outstanding-2.8%103106109110111
Float-18,621----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations-6.5%9811,0491,1061,3931,429
  Share Based Compensation12.2%9484919193
Cashflow From Investing31.7%-406.89-595.96-629.54-374.93-423.27
Cashflow From Financing-3.9%-910.07-875.51-719.55-1,865.12-943.14
  Buy Backs4.3%1,2021,1521,000858740

Risks

What is the probability of a big loss on QRVO?

79.6%


Probability that Qorvo stock will be more than 20% underwater in next one year

48.1%


Probability that Qorvo stock will be more than 30% underwater in next one year.

13.1%


Probability that Qorvo stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does QRVO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Qorvo was unfortunately bought at previous high price.

Returns

Cumulative Returns on QRVO

7.6%


7-Year Cumulative Returns

3.5%


5-Year Cumulative Returns

-2.7%


3-Year Cumulative Returns

What are the long-term rolling returns for QRVO?

FIve years rolling returns for Qorvo.

Which funds bought or sold QRVO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Aurora Investment Counsel
REDUCED
-39.48
-1,237,000
987,000
0.75%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
340
1,000
-%
2022-11-23
Toroso Investments, LLC
ADDED
21.83
11,000
438,000
0.02%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
787,000
787,000
0.01%
2022-11-22
B. Riley Wealth Advisors, Inc.
NEW
-
389,000
389,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-3,219,000
13,568,000
0.02%
2022-11-18
National Pension Service
UNCHANGED
-
-326,000
2,128,000
-%
2022-11-18
Industrial Alliance Investment Management Inc.
NEW
-
176,000
176,000
-%
2022-11-17
CENTRAL TRUST Co
REDUCED
-14.9
-98,000
250,000
0.01%
2022-11-17
M&T Bank Corp
-
-
446,000
949,000
-%

1–10 of 43

Latest Funds Activity

Are funds buying QRVO calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own QRVO

Qorvo News

Yahoo Eurosport UK

Qorvo, Inc.'s (NASDAQ:QRVO) recent 3.0% pullback adds to one-year year losses, institutional owners may take drastic measures.9 hours ago

Yahoo Finance

QRVO Fair Value

Qorvo fair value in different scenarios

The table shows the Fair Value estimates for Qorvo for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

144.10

50.20%

191.67

99.78%

240.26

150.43%

346.47

261.13%

445.24

364.08%

Current Inflation

132.04

37.63%

172.18

79.47%

212.10

121.08%

302.34

215.13%

385.64

301.96%

Very High Inflation

117.27

22.23%

148.95

55.25%

179.27

86.86%

251.35

161.99%

317.18

230.60%

Historical Qorvo Fair Value Estimates


Recent SEC filings of Qorvo

View All Filings
Date Filed Form Type Document
Nov 17, 2022
4
Insider Trading
Nov 10, 2022
8-K
Current Report
Nov 09, 2022
4
Insider Trading
Nov 03, 2022
10-Q
Quarterly Report
Nov 02, 2022
8-K
Current Report
Oct 06, 2022
4
Insider Trading
Sep 16, 2022
4
Insider Trading
Sep 07, 2022
4
Insider Trading
Sep 06, 2022
4
Insider Trading
Aug 30, 2022
8-K
Current Report

Latest Insider Trading transactions for QRVO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-15
FEGO PAUL J
SOLD
-246,317
98.33
-2,505
SVP, Global Operations
2022-11-07
Brown Grant
SOLD FOR TAXES
-10,422
86.85
-120
SVP & Chief Financial Officer
2022-09-15
FEGO PAUL J
SOLD
-206,118
85.42
-2,413
VP, Global Operations
2022-09-07
GARDNER JEFFERY R
SOLD
-133,740
89.16
-1,500
-
2022-09-05
Brown Grant
ACQUIRED
-
-
11,094
Chief Financial Officer
2022-08-22
Stewart Frank P.
SOLD
-122,730
100.27
-1,224
VP, Advanced Cellular
2022-08-15
FEGO PAUL J
SOLD
-268,619
110.18
-2,438
VP, Global Operations
2022-08-10
FEGO PAUL J
SOLD (Taxes)
-47,843.6
102.23
-468
VP, Global Operations
2022-08-10
Harrison Gina
SOLD (Taxes)
-5,827.11
102.23
-57
VP and Corporate Controller
2022-08-10
Brown Grant
SOLD (Taxes)
-7,769.48
102.23
-76
VP of Treasury and Interim CFO

1–10 of 50

Robert A. Bruggeworth
8900
Qorvo, Inc. develops and commercializes technologies and products for wireless and wired connectivity worldwide. The company operates through two segments, Mobile Products, and Infrastructure and Defense Products. The company offers integrated modules incorporating switches, power amplifiers, filters, multiplexers and other components, radio frequency (RF) power management integrated circuits, antenna tuners, antenna-plexers, discrete filters and duplexers, discrete switches, and ultra-wideband (UWB) system solutions. It also provides integrated solutions that include switch-LNA modules, variable gain amplifiers, discrete power amplifiers (PA), and integrated PA Doherty modules for massive multiple-input/multiple-output systems; RF products and compound semiconductor foundry services to defense primes and other global defense and aerospace customers; Wi-Fi customer premises equipment, including power amplifiers, switches, low noise amplifiers, and bulk acoustic wave filters; system-on-a-chip (SoC) hardware, firmware, and application software for smart home applications; automotive RF connectivity products and UWB SoC solutions; and power application controllers and programmable analog power ICs. 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 1957 and is headquartered in Greensboro, North Carolina.

QRVO Income Statement

2022-10-01
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Income Statement [Abstract]    
Revenues$ 1,158,057$ 1,255,248$ 2,193,415$ 2,365,599
Cost of goods sold619,130633,6951,279,2381,197,863
Gross profit538,927621,553914,1771,167,736
Operating Expenses [Abstract]    
Research and Development Expense168,164158,377336,732310,456
Selling, general and administrative97,75293,489199,567183,788
Other operating expense11,4497,32714,45714,030
Total operating expenses277,365259,193550,756508,274
Operating income261,562362,360363,421659,462
Interest expense(16,904)(15,327)(34,156)(30,606)
Other income (expense), net2,2144,754(2,848)21,545
Income before income taxes246,872351,787326,417650,401
Income tax expense(58,257)(32,598)(68,918)(45,586)
Net income$ 188,615$ 319,189$ 257,499$ 604,815
Earnings Per Share [Abstract]    
Basic$ 1.83$ 2.87$ 2.48$ 5.43
Diluted$ 1.82$ 2.84$ 2.46$ 5.35
Weighted Average Number of Shares Outstanding, Diluted [Abstract]    
Basic102,927111,035103,991111,476
Diluted103,674112,411104,817113,088

QRVO Balance Sheet

2022-10-01
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Oct. 01, 2022
Apr. 02, 2022
Current assets:  
Cash and cash equivalents$ 911,570$ 972,592
Accounts receivable, net of allowance of $437 and $402 as of October 1, 2022 and April 2, 2022, respectively645,125568,850
Inventories840,850755,748
Prepaid expenses47,90149,839
Other Receivables, Net, Current23,78432,151
Other current assets52,05470,685
Total current assets2,521,2842,449,865
Property and equipment, net of accumulated depreciation of $1,820,091 and $1,734,608 as of October 1, 2022 and April 2, 2022, respectively1,222,9241,253,591
Goodwill2,757,1242,775,634
Intangible assets, net585,860674,786
Long-term investments29,45231,086
Other non-current assets258,088324,110
Total assets7,374,7327,509,072
Current liabilities:  
Accounts payable322,247327,915
Accrued liabilities298,882240,186
Other current liabilities142,998107,026
Total current liabilities764,127675,127
Long-Term Debt, Excluding Current Maturities2,047,3982,047,098
Other long-term liabilities241,067233,629
Total liabilities3,052,5922,955,854
Stockholders’ equity:  
Preferred stock, $.0001 par value; 5,000 shares authorized; no shares issued and outstanding00
Common stock and additional paid-in capital, $.0001 par value; 405,000 shares authorized; 102,061 and 106,303 shares issued and outstanding at October 1, 2022 and April 2, 2022, respectively3,915,9694,035,849
Accumulated other comprehensive (loss) income(41,776)5,232
Retained earnings447,947512,137
Total stockholders’ equity4,322,1404,553,218
Total liabilities and stockholders’ equity$ 7,374,732$ 7,509,072