Market Summary
USD97.15+3.08
Market Closed3.27%
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
75.38132.73
(Low)(High)
Last 7 days
-7.2%
Last 30 days
-10.8%
Last 90 days
-2.9%
Trailing 12 Months
-22.5%
QRVO Financial Health
QRVO Investor Care
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 | 629.8B | 27.0B | 11.20% | 5.54% | 144.19 | 23.35 | 0.22% | -55.21% |
AVGO | 265.4B | 34.4B | 4.15% | 7.21% | 23.09 | 7.71 | 20.74% | 70.65% |
TXN | 161.7B | 20.0B | -1.31% | 3.38% | 18.48 | 8.07 | 9.18% | 12.61% |
AMD | 155.7B | 23.6B | 7.88% | -17.97% | 117.97 | 6.6 | 43.61% | -58.25% |
INTC | 124.9B | 63.1B | -0.49% | -34.58% | 15.58 | 1.98 | -20.21% | -59.66% |
FSLR | 22.0B | 2.6B | 21.50% | 171.10% | -498.6 | 8.41 | -10.40% | -109.42% |
LSCC | 12.7B | 660.4M | 8.09% | 61.41% | 71.08 | 19.25 | 28.14% | 86.49% |
| MID-CAP | ||||||||
AMKR | 6.2B | 7.1B | -10.56% | 13.59% | 8.04 | 0.87 | 15.53% | 19.10% |
POWI | 4.8B | 651.1M | -1.79% | -5.91% | 28.27 | 7.42 | -7.41% | 3.92% |
| SMALL-CAP | ||||||||
ICHR | 874.5M | 1.3B | -18.13% | -13.35% | 12.01 | 0.68 | 16.70% | 2.69% |
SGH | 785.5M | 1.8B | -10.38% | -36.92% | 15.09 | 0.43 | 8.07% | 32.37% |
CEVA | 710.2M | 134.6M | -13.31% | -20.71% | -30.63 | 5.27 | 9.73% | -5954.29% |
AOSL | 709.2M | 794.4M | -14.88% | -47.69% | 8.96 | 0.89 | 9.29% | -82.10% |
MX | 398.4M | 337.7M | -11.62% | -43.15% | -49.57 | 1.18 | -28.80% | -114.17% |
Financials for Qorvo
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -8.3% | 4,103 | 4,474 | 4,571 | 4,646 | 4,552 |
| Gross Profit | -13.8% | 1,753 | 2,033 | 2,115 | 2,286 | 2,244 |
| Operating Expenses | 0.7% | 1,110 | 1,103 | 1,084 | 1,060 | 996 |
| S&GA Expenses | -1.6% | 360 | 365 | 361 | 350 | 344 |
| R&D Expenses | -0.8% | 645 | 650 | 640 | 624 | 612 |
| EBITDA | 0.1% | 1,457 | 1,455 | - | - | - |
| EBITDA Margin | 1.7% | 0.32* | 0.31* | - | - | - |
| Earnings Before Taxes | - | 1,181 | - | - | - | - |
| EBT Margin | 1.6% | 0.26* | 0.25* | - | - | - |
| Interest Expenses | 2.6% | 69.00 | 67.00 | 65.00 | 63.00 | 61.00 |
| Net Income | -33.8% | 454 | 686 | 817 | 1,033 | 1,120 |
| Net Income Margin | -27.9% | 0.11* | 0.15* | 0.18* | 0.22* | - |
| Free Cahsflow | 16.8% | 948 | 812 | 789 | 836 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -4.0% | 7,076 | 7,375 | 7,331 | 7,509 | 7,627 |
| Current Assets | -10.5% | 2,258 | 2,521 | 2,372 | 2,450 | 2,446 |
| Cash Equivalents | 0.8% | 919 | 912 | 859 | 973 | 989 |
| Inventory | 2.0% | 857 | 841 | 847 | 756 | 710 |
| Net PPE | -2.5% | 1,192 | 1,223 | 1,234 | 1,254 | 1,267 |
| Goodwill | 0.5% | 2,770 | 2,757 | 2,767 | 2,776 | 2,825 |
| Liabilities | -4.6% | 2,912 | 3,053 | 3,030 | 2,956 | 2,959 |
| Current Liabilities | -19.7% | 614 | 764 | 718 | 675 | 673 |
| Long Term Debt | 0.0% | 2,047 | 2,047 | - | - | - |
| LT Debt, Non Current | 0.0% | 2,048 | 2,047 | 2,047 | 2,047 | - |
| Shareholder's Equity | -3.6% | 4,165 | 4,322 | 4,301 | 4,553 | 4,667 |
| Retained Earnings | -29.5% | 316 | 448 | 356 | 512 | 533 |
| Accumulated Depreciation | 1.4% | 1,846 | 1,820 | 1,783 | 1,735 | 1,698 |
| Shares Outstanding | -2.0% | 100 | 102 | 103 | 106 | 109 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 12.0% | 1,124 | 1,003 | 981 | 1,049 | 1,106 |
| Share Based Compensation | 0.4% | 97.00 | 97.00 | 94.00 | 84.00 | 91.00 |
| Cashflow From Investing | 60.9% | -161 | -412 | -406 | -595 | -629 |
| Cashflow From Financing | -24.9% | -1,031 | -825 | -910 | -875 | -719 |
| Buy Backs | -8.8% | 1,039 | 1,139 | 1,202 | 1,152 | 1,000 |
Risks for QRVO
What is the probability of a big loss on QRVO?
85.8%
Probability that Qorvo stock will be more than 20% underwater in next one year
54.2%
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
Returns for QRVO
Cumulative Returns on QRVO
9.8%
7-Year Cumulative Returns
3.1%
5-Year Cumulative Returns
3.9%
3-Year Cumulative Returns
What are the long-term rolling returns for QRVO?
FIve years rolling returns for Qorvo.
Annualized Returns
Which funds bought or sold QRVO recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | sold off | -100 | -389,000 | - | -% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 27.44 | 2,189,290 | 7,006,290 | 0.01% |
2023-03-06 | NORTH STAR ASSET MANAGEMENT INC | reduced | -1.05 | 82,407 | 720,407 | 0.04% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -97.8 | -4,995,000 | 128,000 | -% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | unchanged | - | 626 | 3,626 | -% |
2023-03-02 | LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA | new | - | 131,609 | 131,609 | -% |
2023-03-01 | Meixler Investment Management, Ltd. | new | - | 216,086 | 216,086 | 0.22% |
2023-02-28 | Voya Investment Management LLC | added | 1.75 | 459,472 | 3,301,470 | -% |
2023-02-24 | SRS Capital Advisors, Inc. | unchanged | - | 5,320 | 45,320 | 0.01% |
2023-02-24 | National Pension Service | unchanged | - | 230,304 | 2,358,720 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Qorvo News
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 |
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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 77.57 -20.15% | 98.94 1.84% | 133.56 37.48% | 185.28 90.72% | 218.43 124.84% |
| Current Inflation | 72.34 -25.54% | 90.90 -6.43% | 120.23 23.76% | 163.63 68.43% | 191.38 96.99% |
| Very High Inflation | 65.82 -32.25% | 81.07 -16.55% | 104.34 7.40% | 138.39 42.45% | 160.09 64.79% |
Historical Qorvo Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Qorvo
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 13, 2023 | 4/A | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Feb 24, 2023 | 4 | Insider Trading | |
| Feb 16, 2023 | 4 | Insider Trading | |
| Feb 16, 2023 | 4 | Insider Trading | |
| Feb 14, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 13, 2023 | SC 13G | Major Ownership Report | |
| Feb 13, 2023 | SC 13G/A | Major Ownership Report |
Latest Insider Trading transactions for QRVO
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-06 | Brown Grant | sold (taxes) | -18,486 | 102 | -180 | svp & chief financial officer |
2023-03-01 | GARDNER JEFFERY R | sold | -413,929 | 101 | -4,089 | - |
2023-02-23 | RHINES WALDEN C | acquired | 178,834 | 14.34 | 12,471 | - |
2023-02-15 | CREVISTON STEVEN E | sold | -315,780 | 105 | -3,000 | svp, connectivity & sensors |
2023-02-15 | FEGO PAUL J | sold | -315,780 | 105 | -3,000 | svp, global operations |
2022-12-15 | Brown Grant | sold (taxes) | -7,772 | 100 | -77.00 | svp & chief financial officer |
2022-12-13 | Harrison Gina | sold | -370,136 | 104 | -3,559 | vp and corporate controller |
2022-12-05 | Chesley Philip | sold (taxes) | -183,398 | 97.19 | -1,887 | svp, high performance analog |
2022-11-15 | FEGO PAUL J | sold | -246,317 | 98.33 | -2,505 | svp, global operations |
2022-11-07 | Brown Grant | sold (taxes) | -10,422 | 86.85 | -120 | svp & chief financial officer |
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
2022-12-31Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Dec. 31, 2022 | Jan. 01, 2022 | Dec. 31, 2022 | Jan. 01, 2022 | |
| Income Statement [Abstract] | ||||
| Revenues | $ 743,281 | $ 1,113,957 | $ 2,936,696 | $ 3,479,556 |
| Cost of goods sold | 475,230 | 565,864 | 1,754,468 | 1,763,727 |
| Gross profit | 268,051 | 548,093 | 1,182,228 | 1,715,829 |
| Operating Expenses [Abstract] | ||||
| Research and Development Expense | 149,472 | 154,435 | 486,204 | 464,891 |
| Selling, general and administrative | 76,269 | 82,003 | 275,836 | 265,791 |
| Other operating expense | 33,581 | 15,645 | 48,038 | 29,675 |
| Total operating expenses | 259,322 | 252,083 | 810,078 | 760,357 |
| Operating income | 8,729 | 296,010 | 372,150 | 955,472 |
| Interest expense | (17,066) | (15,328) | (51,222) | (45,934) |
| Other income, net | 5,562 | 2,532 | 2,714 | 24,077 |
| (Loss) income before income taxes | (2,775) | 283,214 | 323,642 | 933,615 |
| Income tax expense | (13,156) | (66,951) | (82,074) | (112,537) |
| Net (loss) income | $ (15,931) | $ 216,263 | $ 241,568 | $ 821,078 |
| Earnings Per Share [Abstract] | ||||
| Basic | $ (0.16) | $ 1.97 | $ 2.34 | $ 7.40 |
| Diluted | $ (0.16) | $ 1.95 | $ 2.33 | $ 7.30 |
| Weighted Average Number of Shares Outstanding, Diluted [Abstract] | ||||
| Basic | 100,943 | 109,687 | 103,039 | 110,966 |
| Diluted | 100,943 | 110,810 | 103,812 | 112,415 |
QRVO Balance Sheet
2022-12-31Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Dec. 31, 2022 | Apr. 02, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 918,758 | $ 972,592 |
| Accounts receivable, net of allowance of $405 and $402 as of December 31, 2022 and April 2, 2022, respectively | 367,636 | 568,850 |
| Inventories | 857,277 | 755,748 |
| Prepaid expenses | 46,105 | 49,839 |
| Other Receivables, Net, Current | 30,832 | 32,151 |
| Other current assets | 37,092 | 70,685 |
| Total current assets | 2,257,700 | 2,449,865 |
| Property and equipment, net of accumulated depreciation of $1,846,373 and $1,734,608 as of December 31, 2022 and April 2, 2022, respectively | 1,191,986 | 1,253,591 |
| Goodwill | 2,770,146 | 2,775,634 |
| Intangible assets, net | 567,375 | 674,786 |
| Long-term investments | 24,218 | 31,086 |
| Other non-current assets | 264,794 | 324,110 |
| Total assets | 7,076,219 | 7,509,072 |
| Current liabilities: | ||
| Accounts payable | 225,111 | 327,915 |
| Accrued liabilities | 239,013 | 240,186 |
| Other current liabilities | 149,466 | 107,026 |
| Total current liabilities | 613,590 | 675,127 |
| Long-Term Debt, Excluding Current Maturities | 2,047,743 | 2,047,098 |
| Other long-term liabilities | 250,318 | 233,629 |
| Total liabilities | 2,911,651 | 2,955,854 |
| 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; 100,021 and 106,303 shares issued and outstanding at December 31, 2022 and April 2, 2022, respectively | 3,859,940 | 4,035,849 |
| Accumulated other comprehensive (loss) income | (11,365) | 5,232 |
| Retained earnings | 315,993 | 512,137 |
| Total stockholders’ equity | 4,164,568 | 4,553,218 |
| Total liabilities and stockholders’ equity | $ 7,076,219 | $ 7,509,072 |