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Qorvo Inc Stock Research

QRVO

97.15USD+3.08(+3.27%)Market Closed

Market Summary

USD97.15+3.08
Market Closed
3.27%

QRVO Alerts

QRVO Stock Price

QRVO RSI Chart

QRVO Valuation

Market Cap

9.7B

Price/Earnings (Trailing)

21.41

Price/Sales (Trailing)

2.37

EV/EBITDA

6.63

Price/Free Cashflow

10.25

QRVO Price/Sales (Trailing)

QRVO Profitability

EBT Margin

25.84%

Return on Equity

10.9%

Return on Assets

6.41%

Free Cashflow Yield

9.76%

QRVO Fundamentals

QRVO Revenue

Revenue (TTM)

4.1B

Revenue Y/Y

-33.28%

Revenue Q/Q

-35.82%

QRVO Earnings

Earnings (TTM)

453.8M

Earnings Y/Y

-107.37%

Earnings Q/Q

-108.45%

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

Current Ratio

3.68

Debt/Equity

0.48

Debt/Cashflow

0.48

QRVO Investor Care

Buy Backs (1Y)

7.96%

Diluted EPS (TTM)

4.27

Peers (Alternatives to Qorvo)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
629.8B
27.0B
11.20% 5.54%
144.19
23.35
0.22% -55.21%
265.4B
34.4B
4.15% 7.21%
23.09
7.71
20.74% 70.65%
161.7B
20.0B
-1.31% 3.38%
18.48
8.07
9.18% 12.61%
155.7B
23.6B
7.88% -17.97%
117.97
6.6
43.61% -58.25%
124.9B
63.1B
-0.49% -34.58%
15.58
1.98
-20.21% -59.66%
22.0B
2.6B
21.50% 171.10%
-498.6
8.41
-10.40% -109.42%
12.7B
660.4M
8.09% 61.41%
71.08
19.25
28.14% 86.49%
MID-CAP
6.2B
7.1B
-10.56% 13.59%
8.04
0.87
15.53% 19.10%
4.8B
651.1M
-1.79% -5.91%
28.27
7.42
-7.41% 3.92%
SMALL-CAP
874.5M
1.3B
-18.13% -13.35%
12.01
0.68
16.70% 2.69%
785.5M
1.8B
-10.38% -36.92%
15.09
0.43
8.07% 32.37%
710.2M
134.6M
-13.31% -20.71%
-30.63
5.27
9.73% -5954.29%
709.2M
794.4M
-14.88% -47.69%
8.96
0.89
9.29% -82.10%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-8.3%4,1034,4744,5714,6464,552
Gross Profit-13.8%1,7532,0332,1152,2862,244
Operating Expenses0.7%1,1101,1031,0841,060996
  S&GA Expenses-1.6%360365361350344
  R&D Expenses-0.8%645650640624612
EBITDA0.1%1,4571,455---
EBITDA Margin1.7%0.32*0.31*---
Earnings Before Taxes-1,181----
EBT Margin1.6%0.26*0.25*---
Interest Expenses2.6%69.0067.0065.0063.0061.00
Net Income-33.8%4546868171,0331,120
Net Income Margin-27.9%0.11*0.15*0.18*0.22*-
Free Cahsflow16.8%948812789836-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-4.0%7,0767,3757,3317,5097,627
  Current Assets-10.5%2,2582,5212,3722,4502,446
    Cash Equivalents0.8%919912859973989
  Inventory2.0%857841847756710
  Net PPE-2.5%1,1921,2231,2341,2541,267
  Goodwill0.5%2,7702,7572,7672,7762,825
Liabilities-4.6%2,9123,0533,0302,9562,959
  Current Liabilities-19.7%614764718675673
  Long Term Debt0.0%2,0472,047---
    LT Debt, Non Current0.0%2,0482,0472,0472,047-
Shareholder's Equity-3.6%4,1654,3224,3014,5534,667
  Retained Earnings-29.5%316448356512533
Accumulated Depreciation1.4%1,8461,8201,7831,7351,698
Shares Outstanding-2.0%100102103106109
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations12.0%1,1241,0039811,0491,106
  Share Based Compensation0.4%97.0097.0094.0084.0091.00
Cashflow From Investing60.9%-161-412-406-595-629
Cashflow From Financing-24.9%-1,031-825-910-875-719
  Buy Backs-8.8%1,0391,1391,2021,1521,000

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 ascendingFund NameType% 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
-%

1–10 of 47

Latest Funds Activity

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

Qorvo News

Simply Wall St

The Return Trends At Qorvo (NASDAQ:QRVO) Look Promising.

Simply Wall St,
2 days ago

Yahoo Eurosport UK

Schedule 13G FIlings of Qorvo

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

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

2022-12-31
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 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 sold475,230565,8641,754,4681,763,727
Gross profit268,051548,0931,182,2281,715,829
Operating Expenses [Abstract]    
Research and Development Expense149,472154,435486,204464,891
Selling, general and administrative76,26982,003275,836265,791
Other operating expense33,58115,64548,03829,675
Total operating expenses259,322252,083810,078760,357
Operating income8,729296,010372,150955,472
Interest expense(17,066)(15,328)(51,222)(45,934)
Other income, net5,5622,5322,71424,077
(Loss) income before income taxes(2,775)283,214323,642933,615
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]    
Basic100,943109,687103,039110,966
Diluted100,943110,810103,812112,415

QRVO Balance Sheet

2022-12-31
Condensed 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, respectively367,636568,850
Inventories857,277755,748
Prepaid expenses46,10549,839
Other Receivables, Net, Current30,83232,151
Other current assets37,09270,685
Total current assets2,257,7002,449,865
Property and equipment, net of accumulated depreciation of $1,846,373 and $1,734,608 as of December 31, 2022 and April 2, 2022, respectively1,191,9861,253,591
Goodwill2,770,1462,775,634
Intangible assets, net567,375674,786
Long-term investments24,21831,086
Other non-current assets264,794324,110
Total assets7,076,2197,509,072
Current liabilities:  
Accounts payable225,111327,915
Accrued liabilities239,013240,186
Other current liabilities149,466107,026
Total current liabilities613,590675,127
Long-Term Debt, Excluding Current Maturities2,047,7432,047,098
Other long-term liabilities250,318233,629
Total liabilities2,911,6512,955,854
Stockholders’ equity:  
Preferred stock, $.0001 par value; 5,000 shares authorized; no shares issued and outstanding00
Common stock and additional paid-in capital, $.0001 par value; 405,000 shares authorized; 100,021 and 106,303 shares issued and outstanding at December 31, 2022 and April 2, 2022, respectively3,859,9404,035,849
Accumulated other comprehensive (loss) income(11,365)5,232
Retained earnings315,993512,137
Total stockholders’ equity4,164,5684,553,218
Total liabilities and stockholders’ equity$ 7,076,219$ 7,509,072