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Qorvo, Inc. (QRVO)

NASDAQ: QRVO · IEX Real-Time Price · USD
168.51
-1.57 (-0.92%)
After-hours:Sep 20, 2021 7:53 PM EDT
170.08
-5.22 (-2.98%)
At close: Sep 20, 4:00 PM
Market Cap18.94B
Revenue (ttm)4.34B
Net Income (ttm)922.32M
Shares Out112.03M
EPS (ttm)8.00
PE Ratio21.27
Forward PE14.25
Dividendn/a
Ex-Dividend Daten/a
Volume1,370,548
Open171.42
Previous Close175.30
Day's Range167.87 - 171.80
52-Week Range123.08 - 201.68
Beta1.35
AnalystsBuy
Price Target217.19 (+27.7%)
Est. Earnings DateNov 3, 2021

About QRVO

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 integrate...

IndustrySemiconductors & Semiconductor Equipment
IPO DateJun 3, 1997
CEORobert Bruggeworth
Employees8,400
Stock ExchangeNASDAQ
Ticker SymbolQRVO
Full Company Profile

Financial Performance

In 2021, Qorvo's revenue was $4.02 billion, an increase of 23.96% compared to the previous year's $3.24 billion. Earnings were $733.61 million, an increase of 119.43%.

Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for Qorvo stock is "Buy." The 12-month stock price forecast is 217.19, which is an increase of 27.70% from the latest price.

Price Target
$217.19
(27.70% upside)
Analyst Consensus: Buy

News

Qorvo (QRVO) Stock Moves -0.13%: What You Should Know

Qorvo (QRVO) closed the most recent trading day at $182.13, moving -0.13% from the previous trading session.

6 days ago - Zacks Investment Research

Qorvo (QRVO) Down 4.6% Since Last Earnings Report: Can It Rebound?

Qorvo (QRVO) reported earnings 30 days ago. What's next for the stock?

2 weeks ago - Zacks Investment Research

Qorvo® to Present at the Citi 2021 Global Technology Virtual Conference

GREENSBORO, N.C., Sept. 02, 2021 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that Company executives are scheduled to...

2 weeks ago - GlobeNewsWire

Apple Is Poised For An Eventful September. Will Apple Suppliers Stocks Benefit Too?

Our indicative theme on Apple Component Supplier Stocks – which includes a diverse set of companies that supply components for iPhones and other iDevices - is up by about 13% year-to-date, roughly in li...

Other symbols:GLWJBLSWKS
3 weeks ago - Forbes

5 Buy-Rated Red-Hot Tech Stocks With Huge Share Buybacks

Publicly traded corporations return money to their shareholders in two main ways: regular dividends and stock buybacks.

Other symbols:HPQLRCXORCLSTX
1 month ago - 24/7 Wall Street

This 5G Stock Is an Incredible Buy After Q1 Earnings

The secular growth of the 5G smartphone market is going to be a big tailwind for this tech stock.

Other symbols:AAPL
1 month ago - The Motley Fool

4 Top-Rated Stocks to Invest in for Superb Earnings Growth

Jack In The Box (JACK), TechTarget (TTGT), PDC Energy (PDCE) & Qorvo (QRVO) at present flaunt striking earnings growth and positive estimate revisions.

Other symbols:JACKPDCETTGT
1 month ago - Zacks Investment Research

Qorvo's (QRVO) Q1 Earnings & Revenues Beat Estimates, Up Y/Y

Qorvo's (QRVO) first-quarter fiscal 2022 results benefit from increased demand for 5G handsets and other connectivity solutions.

1 month ago - Zacks Investment Research

Thursday Afternoon Analyst Upgrades and Downgrades: Bath & Body Works, Editas, GoDaddy, PetMed, Qorvo and More

With the trading day about halfway over, S&P 500, Nasdaq and Dow Jones industrial average were pushing higher for a number of reasons.

Other symbols:BBWIEDITGDDYPETS
1 month ago - 24/7 Wall Street

Qorvo (QRVO) Q1 Earnings and Revenues Surpass Estimates

Qorvo (QRVO) delivered earnings and revenue surprises of 15.51% and 2.77%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Qorvo® Announces Fiscal 2022 First Quarter Financial Results

GREENSBORO, N.C., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Company's fiscal...

1 month ago - GlobeNewsWire

3 Radio Frequency Stocks to Tap on Increasing Demand for 5G

The pandemic-induced work-from-home wave and accelerated deployment of 5G enhance the prospects for the Zacks Semiconductors - Radio Frequency industry players like Skyworks (SWKS), Qorvo (QRVO) and Ako...

Other symbols:AAPLAKTSRFILSWKS
1 month ago - Zacks Investment Research

Why Qorvo (QRVO) Might Surprise This Earnings Season

Qorvo (QRVO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

1 month ago - Zacks Investment Research

Qorvo (QRVO) to Report Q1 Earnings: What's in the Cards?

Qorvo's (QRVO) fiscal first-quarter results are likely to reflect continued strength in its 5G mobile products and Wi-Fi 6 devices, and increased demand for defense solutions.

1 month ago - Zacks Investment Research

Qorvo (QRVO) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Qorvo (QRVO) closed at $194.04, marking a +1.94% move from the previous day.

1 month ago - Zacks Investment Research

Qorvo (QRVO) Reports Next Week: Wall Street Expects Earnings Growth

Qorvo (QRVO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Qorvo Biotechnologies Omnia™ SARS-CoV-2 Antigen Test Platform Validated in National Institutes of Health (NIH) Funded...

Independent study is an important step in verifying the quality of the Qorvo Omnia Antigen Test for use Independent study is an important step in verifying the quality of the Qorvo Omnia Antigen Test fo...

1 month ago - GlobeNewsWire

4 Stocks to Watch as Demand for Smartphones Makes a Comeback

Demand for smartphones is making a comeback in 2021 and sustain, aided by factors like 5G, making it wise to look at names like Jabil (JBL), Apple (AAPL), Micron (MU) and Qorvo (QRVO).

Other symbols:AAPLJBLMU
1 month ago - Zacks Investment Research

Qorvo (QRVO) Gains But Lags Market: What You Should Know

In the latest trading session, Qorvo (QRVO) closed at $193.09, marking a +0.88% move from the previous day.

1 month ago - Zacks Investment Research

Got $1,000? Buy These Cheap Growth Stocks Right Away

These growth stocks have made investors rich in the past, and they can keep doing so in the future.

Other symbols:AAPLJBL
1 month ago - The Motley Fool

Qorvo® to Webcast Quarterly Earnings Conference Call on August 4, 2021

GREENSBORO, N.C., July 21, 2021 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, will host a conference call to review fiscal 2022 first q...

1 month ago - GlobeNewsWire

Qorvo (QRVO) Dips More Than Broader Markets: What You Should Know

Qorvo (QRVO) closed at $187.68 in the latest trading session, marking a -1.71% move from the prior day.

2 months ago - Zacks Investment Research

Why the Earnings Surprise Streak Could Continue for Qorvo (QRVO)

Qorvo (QRVO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

2 months ago - Zacks Investment Research

Qorvo (QRVO) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Qorvo (QRVO) closed at $193.18, marking a -1.26% move from the previous day.

2 months ago - Zacks Investment Research

This Discounted Stock Is Driving 21st Century Device Communication: Argus Research

A bet on the growing demand for radio frequency solutions spanning several markets and a value discount to competitors has made Argus Research bullish on Qorvo, Inc. (NASDAQ:QRVO). The Qorvo Analyst: Ji...

2 months ago - Benzinga