Market Summary
USD95.03-0.18
Delayedas of 21 Sep 2023, 12:44 pm-0.19%
QRVO Stock Price
QRVO RSI Chart
QRVO Valuation
QRVO Price/Sales (Trailing)
QRVO Profitability
QRVO Fundamentals
QRVO Revenue
QRVO Earnings
Price Action
52 Week Range
75.38114.59
(Low)(High)
Last 7 days
0.9%
Last 30 days
-5.4%
Last 90 days
-5.7%
Trailing 12 Months
10.9%
QRVO Financial Health
QRVO Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for QRVO
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-06 | Harrison Gina | sold | -70,800 | 106 | -662 | vp and corporate controller |
2023-09-06 | Stewart Frank P. | sold | -53,500 | 107 | -500 | svp, advanced cellular |
2023-09-05 | Stewart Frank P. | sold | -54,000 | 108 | -500 | svp, advanced cellular |
2023-08-30 | Nelson Roderick | sold | -220,342 | 106 | -2,067 | - |
2023-08-22 | BRUGGEWORTH ROBERT A | sold | -880,804 | 101 | -8,689 | president and ceo |
2023-08-15 | BRUGGEWORTH ROBERT A | acquired | - | - | 48,017 | president and ceo |
2023-08-15 | Brown Grant | acquired | - | - | 10,225 | svp & chief financial officer |
2023-08-15 | QUINSEY RALPH | acquired | - | - | 2,132 | - |
2023-08-15 | Ho David H Y | acquired | - | - | 2,132 | - |
2023-08-15 | HARDING JOHN R | sold | -800,857 | 102 | -7,850 | - |
Which funds bought or sold QRVO recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 6.73 | 1,633 | 24,283 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 21,936 | 21,936 | -% |
2023-08-24 | Alberta Investment Management Corp | sold off | -100 | -773,151 | - | -% |
2023-08-22 | Old North State Trust, LLC | sold off | -100 | -66,000 | - | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | - | 3,000 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -4.22 | -643,449 | 16,355,000 | 0.02% |
2023-08-21 | BOKF, NA | added | 34.63 | 1,099,010 | 4,217,820 | 0.09% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -7.73 | -73,000 | 933,000 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -8.74 | -221,418 | 2,542,800 | -% |
2023-08-17 | Orion Portfolio Solutions, LLC | reduced | -64.45 | -1,897,450 | 1,053,770 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Qorvo
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Feb 11, 2022 | baupost group llc/ma | 5.39% | 5,945,744 | SC 13G | |
| Feb 03, 2022 | blackrock inc. | 7.9% | 8,694,492 | SC 13G/A | |
| Feb 16, 2021 | capital research global investors | 2.4% | 2,734,670 | SC 13G/A | |
| Feb 16, 2021 | vulcan value partners, llc | 4.06% | 4,625,057 | SC 13G/A |
Recent SEC filings of Qorvo
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 13, 2023 | S-4 | Mergers and Acquisition | |
| Sep 07, 2023 | 4 | Insider Trading | |
| Sep 07, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 06, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 05, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 31, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 28, 2023 | 8-K | Current Report | |
| Aug 24, 2023 | 4 | Insider Trading |
QRVO Fair Value
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Peers (Alternatives to Qorvo)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NVDA | 1.0T | 32.7B | -10.07% | 220.66% | 101.17 | 31.96 | 9.90% | 33.38% |
AVGO | 343.0B | 35.5B | -4.00% | 72.51% | 25.06 | 9.68 | 11.91% | 53.33% |
AMD | 161.9B | 21.9B | -7.28% | 33.34% | -6.5K | 7.4 | 1.39% | -100.80% |
TXN | 147.2B | 18.8B | -3.48% | -1.61% | 19.15 | 7.82 | -3.94% | -10.38% |
INTC | 145.1B | 54.0B | 4.68% | 22.88% | -157.35 | 2.68 | -26.36% | -104.83% |
FSLR | 18.1B | 3.0B | -6.86% | 26.95% | 115.58 | 6.05 | 20.63% | -17.29% |
LSCC | 11.7B | 722.9M | -7.22% | 65.38% | 56.93 | 16.13 | 23.44% | 50.75% |
| MID-CAP | ||||||||
AMKR | 5.5B | 6.9B | -12.42% | 23.72% | 9.5 | 0.8 | 6.33% | -16.28% |
POWI | 4.5B | 514.5M | -4.14% | 15.96% | 49.9 | 8.77 | -28.10% | -51.06% |
| SMALL-CAP | ||||||||
SGH | 1.2B | 1.7B | -2.70% | 33.62% | -44.3 | 0.67 | -7.23% | -137.93% |
ICHR | 877.0M | 1.1B | -12.41% | 10.30% | 38.86 | 0.82 | -8.91% | -64.16% |
AOSL | 790.1M | 691.3M | -8.49% | -14.61% | 63.9 | 1.14 | -11.09% | -97.27% |
CEVA | 483.0M | 122.0M | -0.73% | -25.65% | -15.55 | 3.96 | -9.27% | -3581.39% |
MX | 309.4M | 250.2M | -8.00% | -30.79% | -7.81 | 1.24 | -43.50% | -156.17% |
Qorvo News
Returns for QRVO
Cumulative Returns on QRVO
7.9%
7-Year Cumulative Returns
3.9%
5-Year Cumulative Returns
-9.4%
3-Year Cumulative Returns
Risks for QRVO
What is the probability of a big loss on QRVO?
84.2%
Probability that Qorvo stock will be more than 20% underwater in next one year
56.1%
Probability that Qorvo stock will be more than 30% underwater in next one year.
17.7%
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.
Drawdowns
Financials for Qorvo
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -10.8% | 3,185 | 3,569 | 4,103 | 4,474 | 4,571 | 4,646 | 4,552 | 4,533 | 4,338 | 4,015 | 3,730 | 3,505 | 3,251 | 3,239 | 3,132 | 3,096 | 3,173 | 3,090 | 3,075 | 3,088 | 3,025 |
| Gross Profit | -11.3% | 1,151 | 1,297 | 1,753 | 2,033 | 2,115 | 2,286 | 2,244 | 2,234 | 2,104 | 1,884 | 1,691 | 1,521 | 1,353 | 1,322 | 1,253 | 1,223 | 1,253 | 1,195 | 1,181 | 1,180 | 1,147 |
| Operating Expenses | 0.3% | 1,118 | 1,114 | 1,110 | 1,103 | 1,084 | 1,060 | 996 | 982 | 993 | 977 | 975 | 952 | 893 | 899 | 867 | 910 | 962 | 979 | 1,061 | 1,060 | 1,068 |
| S&GA Expenses | 1.0% | 362 | 359 | 360 | 365 | 361 | 350 | 344 | 355 | 371 | 367 | 374 | 362 | 341 | 344 | 333 | 378 | 429 | 476 | 524 | 525 | 524 |
| R&D Expenses | -0.8% | 644 | 650 | 645 | 650 | 640 | 624 | 612 | 594 | 592 | 570 | 550 | 536 | 496 | 484 | 470 | 457 | 458 | 450 | 448 | 445 | 440 |
| EBITDA | -100.0% | - | 400 | - | - | 1,457 | 1,455 | - | - | - | 883 | 474 | 473 | 462 | 455 | 144 | 136 | 133 | 136 | - | - | - |
| EBITDA Margin | -100.0% | - | 0.11* | - | - | 0.32* | 0.31* | - | - | - | 0.22* | 0.13* | 0.14* | 0.14* | 0.14* | 0.05* | 0.04* | 0.04* | 0.04* | - | - | - |
| Interest Expenses | 0.0% | 68.00 | 68.00 | 69.00 | 67.00 | 65.00 | 63.00 | 61.00 | 63.00 | 72.00 | 75.00 | 79.00 | 78.00 | 67.00 | 60.00 | 52.00 | 44.00 | 41.00 | 44.00 | 50.00 | 57.00 | 62.00 |
| Earnings Before Taxes | -100.0% | - | 125 | - | - | - | 1,181 | - | - | - | 807 | - | - | - | 395 | - | - | - | 92.00 | -2.08 | -7.53 | -4.72 |
| EBT Margin | -100.0% | - | 0.03* | - | - | 0.26* | 0.25* | - | - | - | 0.20* | 0.11* | 0.11* | 0.12* | 0.12* | 0.03* | 0.03* | 0.03* | 0.03* | - | - | - |
| Net Income | -109.0% | -9.31 | 103 | 454 | 686 | 817 | 1,033 | 1,120 | 1,105 | 922 | 734 | 485 | 446 | 392 | 334 | 345 | 254 | 203 | 133 | 59.00 | -43.49 | -39.66 |
| Net Income Margin | -100.0% | - | 0.03* | 0.11* | 0.15* | 0.18* | 0.22* | 0.25* | 0.24* | 0.21* | 0.18* | 0.13* | 0.13* | 0.12* | 0.10* | 0.11* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 684 | 948 | 812 | 789 | 836 | 866 | 1,167 | 1,207 | 1,115 | 969 | 861 | 759 | 782 | 754 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.1% | 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 | 5,947 | 5,782 |
| Current Assets | 2.9% | 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 | 1,620 | 1,368 |
| Cash Equivalents | -8.0% | 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 | 558 | 334 |
| Inventory | 15.2% | 917 | 797 | 857 | 841 | 847 | 756 | 710 | 598 | 570 | 508 | 479 | 477 | 524 | 517 | 480 | 485 | 518 | 512 | 465 | 475 | 502 |
| Net PPE | -5.4% | 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 | 1,402 | 1,369 |
| Goodwill | 0.0% | 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 | 2,174 | 2,174 | - |
| Liabilities | 3.1% | 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 | 1,315 | 1,104 |
| Current Liabilities | 15.0% | 639 | 556 | 614 | 764 | 718 | 675 | 673 | 902 | 704 | 682 | 614 | 1,477 | 509 | 539 | 491 | 450 | 452 | 436 | 414 | 462 | 403 |
| Long Term Debt | -100.0% | - | 2,048 | - | - | - | 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 | 735 | 558 |
| LT Debt, Current | - | - | - | - | - | - | - | - | 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 | 0.0% | 2,048 | 2,048 | 2,048 | 2,047 | 2,047 | 2,047 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Shareholder's Equity | -2.3% | 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 | 4,632 | 4,678 |
| Retained Earnings | -100.0% | - | 84.00 | 316 | 448 | 356 | 512 | 533 | 546 | 405 | 355 | 193 | 113 | 49.00 | - | -37.15 | -198 | -281 | -321 | -382 | -452 | -484 |
| Accumulated Depreciation | 1.8% | 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 | 1,131 | 950 |
| Shares Outstanding | -0.6% | 98.00 | 99.00 | 100 | 102 | 105 | 106 | 109 | 110 | 112 | 113 | 114 | 114 | 115 | 115 | 116 | 117 | 119 | 119 | 124 | 126 | 126 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -27.1% | 615 | 843 | 1,124 | 1,003 | 981 | 1,049 | 1,106 | 1,393 | 1,429 | 1,302 | 1,113 | 1,010 | 903 | 946 | 919 | 951 | 992 | 810 | 882 | 819 | 824 |
| Share Based Compensation | 2.9% | 109 | 106 | 97.00 | 97.00 | 94.00 | 84.00 | 91.00 | 91.00 | 93.00 | 89.00 | 85.00 | 82.00 | 73.00 | 76.00 | 75.00 | 77.00 | 77.00 | 72.00 | 69.00 | 64.00 | 66.00 |
| Cashflow From Investing | 22.8% | -118 | -153 | -161 | -412 | -406 | -595 | -629 | -374 | -423 | -218 | -623 | -829 | -786 | -1,105 | -665 | -502 | -479 | -247 | -236 | -194 | -269 |
| Cashflow From Financing | 28.2% | -612 | -853 | -1,031 | -825 | -910 | -875 | -719 | -1,865 | -943 | -401 | -354 | 1,232 | 392 | 166 | 194 | -419 | -217 | -776 | -835 | -639 | -732 |
| Buy Backs | -29.0% | 612 | 862 | 1,039 | 1,139 | 1,202 | 1,152 | 1,000 | 858 | 740 | 515 | 465 | 430 | 490 | 515 | 689 | 716 | 638 | 638 | 390 | 318 | 288 |
QRVO Income Statement
2023-07-01Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
|---|---|---|
Jul. 01, 2023 | Jul. 02, 2022 | |
| Income Statement [Abstract] | ||
| Revenues | $ 651,164 | $ 1,035,358 |
| Cost of goods sold | 422,094 | 660,108 |
| Gross profit | 229,070 | 375,250 |
| Operating Expenses [Abstract] | ||
| Research and Development Expense | 163,090 | 168,568 |
| Selling, general and administrative | 105,423 | 101,815 |
| Other operating expense | 8,693 | 3,008 |
| Total operating expenses | 277,206 | 273,391 |
| Operating (loss) income | (48,136) | 101,859 |
| Interest expense | (17,261) | (17,252) |
| Other income (expense), net | 13,716 | (5,062) |
| (Loss) income before income taxes | (51,681) | 79,545 |
| Income tax benefit (expense) | 8,101 | (10,661) |
| Net (loss) income | $ (43,580) | $ 68,884 |
| Earnings Per Share [Abstract] | ||
| Basic | $ (0.44) | $ 0.65 |
| Diluted | $ (0.44) | $ 0.65 |
| Weighted Average Number of Shares Outstanding, Diluted [Abstract] | ||
| Basic | 98,509 | 105,173 |
| Diluted | 98,509 | 106,080 |
QRVO Balance Sheet
2023-07-01Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jul. 01, 2023 | Apr. 01, 2023 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 744,428 | $ 808,757 |
| Accounts receivable, net of allowance of $415 and $369 as of July 1, 2023 and April 1, 2023, respectively | 307,913 | 304,519 |
| Inventories | 917,390 | 796,596 |
| Prepaid expenses | 49,253 | 46,684 |
| Other Receivables, Net, Current | 19,328 | 26,535 |
| Other current assets | 49,463 | 46,703 |
| Total current assets | 2,087,775 | 2,029,794 |
| Property and equipment, net of accumulated depreciation of $1,933,949 and $1,900,317 as of July 1, 2023 and April 1, 2023, respectively | 1,087,683 | 1,149,806 |
| Goodwill | 2,760,930 | 2,760,813 |
| Intangible assets, net | 507,174 | 537,703 |
| Long-term investments | 27,020 | 20,406 |
| Other non-current assets | 216,010 | 193,381 |
| Total assets | 6,686,592 | 6,691,903 |
| Current liabilities: | ||
| Accounts payable | 294,171 | 210,701 |
| Accrued liabilities | 264,315 | 222,463 |
| Other current liabilities | 80,490 | 122,599 |
| Total current liabilities | 638,976 | 555,763 |
| Long-Term Debt, Excluding Current Maturities | 2,048,255 | 2,048,073 |
| Other long-term liabilities | 187,138 | 185,273 |
| Total liabilities | 2,874,369 | 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; 98,048 and 98,649 shares issued and outstanding at July 1, 2023 and April 1, 2023, respectively | 3,816,260 | 3,821,474 |
| Accumulated other comprehensive loss | (4,037) | (3,175) |
| Retained earnings | 0 | 84,495 |
| Total stockholders’ equity | 3,812,223 | 3,902,794 |
| Total liabilities and stockholders’ equity | $ 6,686,592 | $ 6,691,903 |
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.