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qorvo inc. - QRVO

QRVO

Close Chg Chg %
67.87 1.38 2.03%

Pre-Market

69.25

+1.38 (2.03%)

Volume: 1.89M

Last Updated:

Nov 22, 2024, 4:00 PM EDT

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Company Overview: qorvo inc. - QRVO

QRVO Key Data

Open

$68.00

 Day Range

67.94 - 69.46

52 Week Range

64.98 - 130.99

 Market Cap

$6.42B

Shares Outstanding

94.53M

 Public Float

93.78M

Beta

1.49

 Rev. Per Employee

N/A

P/E Ratio

N/A

 EPS

-$1.46

Yield

0.00%

 Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

2.32M

  

QRVO Performance

1 Week
 
 0.00%
 
1 Month
 
 -30.06%
 
3 Months
 
 -40.05%
 
1 Year
 
 -25.85%
 
5 Years
 
 -33.55%
 

QRVO Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 28
Full Ratings ➔

About qorvo inc. - QRVO

Qorvo, Inc. provides semiconductor solutions for RF and power. The firm combines product and technology leadership, systems-level expertise, and global manufacturing scale to quickly solve its customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including consumer electronics, smart home/IoT, automotive, EVs, battery-powered appliances, network infrastructure, healthcare, and aerospace/defense. It operates through the following segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies RF and power management solutions for infrastructure, defense and aerospace, automotive power, and other markets. The CSG segment supplies connectivity and sensor components and systems featuring multiple technologies such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT and MEMS-/BAW-based sensors. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. The company was formed following the merger of RF Micro Devices, founded in 2015, and TriQuint Semiconductor, incorporated in 1981. It is headquartered in Greensboro, NC.

QRVO At a Glance

Qorvo, Inc.
7628 Thorndike Road
Greensboro, North Carolina 27409-9421
Phone 1-336-664-1233 Revenue 3.77B
Industry Semiconductors Net Income -70,322,000.00
Sector Electronic Technology 2024 Sales Growth 5.606%
Fiscal Year-end 03 / 2025 Employees 8,700
View SEC Filings

QRVO Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) N/A
Price to Sales Ratio 2.972
Price to Book Ratio 3.093
Price to Cash Flow Ratio 13.445
Enterprise Value to EBITDA 17.623
Enterprise Value to Sales 3.244
Total Debt to Enterprise Value 0.168

QRVO Efficiency

Revenue/Employee 433,276.552
Income Per Employee -8,082.989
Receivables Turnover 8.82
Total Asset Turnover 0.569

QRVO Liquidity

Current Ratio 1.989
Quick Ratio 1.411
Cash Ratio 0.837

QRVO Profitability

Gross Margin 40.05
Operating Margin 9.893
Pretax Margin 1.951
Net Margin -1.866
Return on Assets -1.062
Return on Equity -1.886
Return on Total Capital -1.253
Return on Invested Capital -1.258

QRVO Capital Structure

Total Debt to Total Equity 57.761
Total Debt to Total Capital 36.613
Total Debt to Total Assets 31.34
Long-Term Debt to Equity 44.985
Long-Term Debt to Total Capital 28.515
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Qorvo Inc. - QRVO

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
4.02B 4.65B 3.57B 3.77B
Sales Growth
+23.96% +15.70% -23.17% +5.61%
Cost of Goods Sold (COGS) incl D&A
2.13B 2.36B 2.23B 2.26B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
456.10M 361.42M 338.85M 320.93M
Depreciation
203.21M 210.95M 206.42M 193.03M
Amortization of Intangibles
252.90M 150.47M 132.43M 127.90M
COGS Growth
+13.47% +10.52% -5.52% +1.53%
Gross Income
1.88B 2.29B 1.34B 1.51B
Gross Income Growth
+38.46% +21.57% -41.32% +12.37%
Gross Profit Margin
+46.91% +49.29% +37.64% +40.05%
2021 2022 2023 2024 5-year trend
SG&A Expense
936.23M 971.25M 1.01B 1.06B
Research & Development
570.39M 623.64M 649.84M 682.25M
Other SG&A
365.84M 347.62M 358.79M 377.97M
SGA Growth
+13.07% +3.74% +3.85% +5.11%
Other Operating Expense
10.66M 16.64M 4.34M 76.56M
Unusual Expense
94.84M 76.54M 155.21M 281.20M
EBIT after Unusual Expense
841.84M 1.23B 175.37M 91.70M
Non Operating Income/Expense
40.74M 19.09M 17.72M 51.10M
Non-Operating Interest Income
- - 21.10M 38.30M
-
Equity in Earnings of Affiliates
21.50M 12.00M (4.20M) (1.20M)
Interest Expense
75.20M 63.33M 68.46M 69.25M
Interest Expense Growth
+24.52% -15.79% +8.11% +1.14%
Gross Interest Expense
79.30M 67.03M 72.36M 72.14M
Interest Capitalized
4.10M 3.70M 3.90M 2.90M
Pretax Income
807.38M 1.18B 124.63M 73.56M
Pretax Income Growth
+104.35% +46.29% -89.45% -40.98%
Pretax Margin
+20.11% +25.42% +3.49% +1.95%
Income Tax
73.77M 147.73M 21.48M 143.88M
Income Tax - Current - Domestic
11.18M 17.16M 22.19M 36.39M
Income Tax - Current - Foreign
80.72M 98.70M 65.43M 88.09M
Income Tax - Deferred - Domestic
39.32M 21.16M (62.72M) 5.44M
Income Tax - Deferred - Foreign
(57.45M) 10.71M (3.42M) 13.96M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
21.50M 12.00M (4.20M) (1.20M)
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
733.61M 1.03B 103.15M (70.32M)
Minority Interest Expense
- - - -
-
Net Income
733.61M 1.03B 103.15M (70.32M)
Net Income Growth
+119.43% +40.86% -90.02% -168.17%
Net Margin Growth
+18.27% +22.24% +2.89% -1.87%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
733.61M 1.03B 103.15M (70.32M)
Preferred Dividends
- - - -
-
Net Income Available to Common
733.61M 1.03B 103.15M (70.32M)
EPS (Basic)
6.4333 9.3774 1.0093 -0.7208
EPS (Basic) Growth
+125.15% +45.76% -89.24% -171.42%
Basic Shares Outstanding
114.03M 110.20M 102.21M 97.56M
EPS (Diluted)
6.3234 9.2639 1.0013 -0.7208
EPS (Diluted) Growth
+125.63% +46.50% -89.19% -171.99%
Diluted Shares Outstanding
116.02M 111.55M 103.02M 97.56M
EBITDA
1.39B 1.66B 669.42M 693.84M
EBITDA Growth
+39.86% +19.42% -59.75% +3.65%
EBITDA Margin
+34.69% +35.80% +18.75% +18.41%

Snapshot

Average Recommendation HOLD Average Target Price 94.444
Number of Ratings 28 Current Quarters Estimate 1.214
FY Report Date 12 / 2024 Current Year's Estimate 4.824
Last Quarter’s Earnings 1.88 Median PE on CY Estimate N/A
Year Ago Earnings 6.22 Next Fiscal Year Estimate 5.963
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 22 22 23 24
Mean Estimate 1.21 0.86 4.82 5.96
High Estimates 1.30 1.09 5.03 7.63
Low Estimate 1.15 0.69 4.65 4.93
Coefficient of Variance 2.66 11.53 2.21 10.80

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 3 3 6
OVERWEIGHT 1 2 3
HOLD 20 19 16
UNDERWEIGHT 2 2 1
SELL 2 2 2
MEAN Hold Hold Hold

Insider Actions for Qorvo Inc. - QRVO

Date Name Shares Transaction Value
Jul 10, 2024 Gina B. Harrison VP and Corporate Controller 20,832 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $117.13 per share 2,440,052.16
Jun 21, 2024 Steven Eric Creviston SVP, Connectivity & Sensors 83,591 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $112.36 per share 9,392,284.76
May 21, 2024 Paul J. Fego SVP, Global Operations 40,579 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $99.38 per share 4,032,741.02
May 21, 2024 Grant Allen Brown SVP & Chief Financial Officer 47,658 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $99.91 per share 4,761,510.78
May 21, 2024 Paul J. Fego SVP, Global Operations 39,954 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $99.91 per share 3,991,804.14
May 21, 2024 Robert A. Bruggeworth President and CEO; Director 212,478 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $99.38 per share 21,116,063.64
May 21, 2024 Frank P Stewart SVP, Advanced Cellular 19,989 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $99.91 per share 1,997,100.99
May 21, 2024 Robert A. Bruggeworth President and CEO; Director 210,161 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $99.91 per share 20,997,185.51
May 17, 2024 Steven Eric Creviston SVP, Connectivity & Sensors 87,289 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 17, 2024 Frank P Stewart SVP, Advanced Cellular 20,025 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 17, 2024 Steven Eric Creviston SVP, Connectivity & Sensors 70,081 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $99.05 per share 6,941,523.05
May 17, 2024 Steven Eric Creviston SVP, Connectivity & Sensors 71,886 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $99.31 per share 7,138,998.66
May 17, 2024 Robert A. Bruggeworth President and CEO; Director 225,432 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 17, 2024 Paul J. Fego SVP, Global Operations 23,583 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $99.05 per share 2,335,896.15
May 17, 2024 Paul J. Fego SVP, Global Operations 41,541 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 17, 2024 Robert A. Bruggeworth President and CEO; Director 146,870 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $99.05 per share 14,547,473.50
May 17, 2024 Grant Allen Brown SVP & Chief Financial Officer 28,267 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $99.05 per share 2,799,846.35
May 17, 2024 Grant Allen Brown SVP & Chief Financial Officer 47,721 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 17, 2024 Philip P. Chesley SVP, High Performance Analog 23,464 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $98.35 per share 2,307,684.40
May 17, 2024 Philip P. Chesley SVP, High Performance Analog 22,322 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $99.05 per share 2,210,994.10

Qorvo Inc. in the News