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Qorvo, Inc is a semiconductors business based in the US. Qorvo shares (QRVO) are listed on the NASDAQ and all prices are listed in US Dollars. Qorvo employs 7,900 staff and has a trailing 12-month revenue of around USD$3.3 billion.
Since the stock market crash in March caused by coronavirus, Qorvo's share price has had significant positive movement.
Its last market close was USD$134.76, which is 27.14% up on its pre-crash value of USD$98.19 and 99.53% up on the lowest point reached during the March crash when the shares fell as low as USD$67.54.
If you had bought USD$1,000 worth of Qorvo shares at the start of February 2020, those shares would have been worth USD$645.05 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,253.27.
|Latest market close||USD$134.76|
|52-week range||USD$67.54 - USD$140.69|
|50-day moving average||USD$129.5037|
|200-day moving average||USD$114.3561|
|Wall St. target price||USD$141.55|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$3.308|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-10-22)||-0.18%|
|1 month (2020-09-29)||3.05%|
|3 months (2020-07-29)||16.90%|
|6 months (2020-04-29)||35.59%|
|1 year (2019-10-29)||68.77%|
|2 years (2018-10-29)||94.40%|
|3 years (2017-10-27)||82.80%|
|5 years (2015-10-29)||207.60%|
Valuing Qorvo stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Qorvo's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Qorvo's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 41x. In other words, Qorvo shares trade at around 41x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Qorvo's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.8309. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Qorvo's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Qorvo's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$988.8 million.
The EBITDA is a measure of a Qorvo's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$3.3 billion|
|Operating margin TTM||16.31%|
|Gross profit TTM||USD$1.4 billion|
|Return on assets TTM||5.17%|
|Return on equity TTM||9.02%|
|Market capitalisation||USD$15.5 billion|
TTM: trailing 12 months
There are currently 2.8 million Qorvo shares held short by investors – that's known as Qorvo's "short interest". This figure is 6.6% down from 3.0 million last month.
There are a few different ways that this level of interest in shorting Qorvo shares can be evaluated.
Qorvo's "short interest ratio" (SIR) is the quantity of Qorvo shares currently shorted divided by the average quantity of Qorvo shares traded daily (recently around 1.5 million). Qorvo's SIR currently stands at 1.96. In other words for every 100,000 Qorvo shares traded daily on the market, roughly 1960 shares are currently held short.
However Qorvo's short interest can also be evaluated against the total number of Qorvo shares, or, against the total number of tradable Qorvo shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Qorvo's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Qorvo shares in existence, roughly 20 shares are currently held short) or 0.0283% of the tradable shares (for every 100,000 tradable Qorvo shares, roughly 28 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Qorvo.
Find out more about how you can short Qorvo stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Qorvo.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 36.22
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Qorvo's overall score of 36.22 (as at 10/01/2020) is pretty weak – landing it in it in the 77th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Qorvo is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 18.64/100
Qorvo's environmental score of 18.64 puts it squarely in the 1st percentile of companies rated in the same sector. This could suggest that Qorvo is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 5.5/100
Qorvo's social score of 5.5 puts it squarely in the 1st percentile of companies rated in the same sector. This could suggest that Qorvo is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 4.58/100
Qorvo's governance score puts it squarely in the 1st percentile of companies rated in the same sector. That could suggest that Qorvo is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
|Total ESG score||36.22|
|Total ESG percentile||76.62|
|Environmental score percentile||1|
|Social score percentile||1|
|Governance score percentile||1|
We're not expecting Qorvo to pay a dividend over the next 12 months.
Qorvo's shares were split on a 1:4 basis on 2 January 2015. So if you had owned 4 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Qorvo shares – just the quantity. However, indirectly, the new 300% higher share price could have impacted the market appetite for Qorvo shares which in turn could have impacted Qorvo's share price.
Over the last 12 months, Qorvo's shares have ranged in value from as little as $67.54 up to $140.69. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Qorvo's is 1.3585. This would suggest that Qorvo's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Qorvo, Inc. develops and commercializes technologies and products for wireless and wired connectivity worldwide. The company operates in two segments, Mobile Products, and Infrastructure and Defense Products. The company offers integrated modules incorporating switches, power amplifiers, filters and duplexers, antenna tuners, RF power management integrated circuits, multimode/multi-band PAs and transmit modules, antenna-plexers, discrete filters and duplexers, discrete switches, and UWB system solutions, as well as envelope tracking power management solutions, antenna control solutions, and UWB system solutions supporting secure, low power, location, and communication services. It also provides integrated solutions that include switch-LNA modules, variable gain amplifiers, 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 hardware, firmware, and application software for smart home applications; automotive RF connectivity products and metal oxide semiconductor based UWB chip and module system 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.
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