Qorvo Inc

Qorvo Inc

QRVO

Market Cap$7.07B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Qorvo IncQorvo Inc129.3-2%2-

Earnings Call Q3 2023

February 1, 2023 - AI Summary

Qorvo's fiscal third quarter revenue and EPS were above the midpoint of their outlook, driven by growth in defense, broadband, and power segments.
The company experienced weakness in end market demand and channel inventory consumption for Wi-Fi products in the Connectivity & Sensors Group (CSG) segment.
In the Advanced Cellular Group (ACG), Qorvo faced lower smartphone unit volumes and channel inventory digestion within the Android ecosystem.

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$67.50

Target Price by Analysts

11.6% downsideQorvo Target Price DetailsTarget Price
$117.96

Current Fair Value

54.5% upside

Undervalued by 54.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$7.07 Billion
Enterprise Value$7.05 Billion
Dividend Yield$0 (0%)
Earnings per Share$0.59
Beta1.38
Outstanding Shares94,586,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio129.29
PEG12.35
Price to Sales1.96
Price to Book Ratio1.23
Enterprise Value to Revenue1.89
Enterprise Value to EBIT300.18
Enterprise Value to Net Income126
Total Debt to Enterprise0
Debt to Equity-0.01

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Qorvo Inc

7,900 employees
CEO: Robert Bruggeworth

Qorvo is an American semiconductor company that designs, manufactures, and supplies radio-frequency systems for applications that drive wireless and broadband communications, as well as foundry services. The company, which trades on NASD...