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Corporation
ELECTRONICS | Chips & Semiconductors
qorvo.com

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About Qorvo

Qorvo (NASDAQ:QRVO) is a provider of core technologies and RF solutions for mobile, infrastructure, and aerospace/defense applications. Qorvo was formed following the merger of RFMD and TriQuint, and has global employees dedicated to delivering solutions for everything that connects the world. Qorvo has a portfolio of products and core technologies; ISO9001-, ISO 14001- and ISO/TS 16949-certified manufacturing facilities; and is a DoD-accredited 'Trusted Source' (Category 1A) for GaAs, GaN, and BAW products and services.

Qorvo Headquarter Location

7628 Thorndike Road

Greensboro, North Carolina, 27409,

United States

336-664-1233

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Qorvo Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Qorvo Rank

Latest Qorvo News

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

Oct 16, 2021

Qorvo (QRVO) closed at $165.87 in the latest trading session, marking a +0.77% move from the prior day. This story originally appeared on Zacks Qorvo (QRVO) closed at $165.87 in the latest trading session, marking a +0.77% move from the prior day. This move outpaced the S&P 500's daily gain of 0.75%. - Zacks Prior to today's trading, shares of the chipmaker had lost 8.71% over the past month. This has lagged the Computer and Technology sector's loss of 2.38% and the S&P 500's loss of 0.05% in that time. Wall Street will be looking for positivity from QRVO as it approaches its next earnings report date. On that day, QRVO is projected to report earnings of $3.25 per share, which would represent year-over-year growth of 33.74%. Our most recent consensus estimate is calling for quarterly revenue of $1.25 billion, up 17.94% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $12.10 per share and revenue of $4.75 billion. These totals would mark changes of +21% and +18.25%, respectively, from last year. Investors might also notice recent changes to analyst estimates for QRVO. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. QRVO is holding a Zacks Rank of #3 (Hold) right now. Valuation is also important, so investors should note that QRVO has a Forward P/E ratio of 13.6 right now. This represents a discount compared to its industry's average Forward P/E of 13.76. Also, we should mention that QRVO has a PEG ratio of 1.07. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Semiconductors - Radio Frequency industry currently had an average PEG ratio of 0.86 as of yesterday's close. The Semiconductors - Radio Frequency industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 227, which puts it in the bottom 11% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Qorvo Acquisitions

9 Acquisitions

Qorvo acquired 9 companies. Their latest acquisition was NextInput on May 06, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/6/2021

Series C

$29.81M

Acquired

4

11/5/2020

Series B

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$99M

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10

2/19/2020

Grant

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$99M

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10

1/30/2020

Series D

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$991

$99M

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10

10/7/2019

Series E

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$99M

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Date

5/6/2021

11/5/2020

2/19/2020

1/30/2020

10/7/2019

Investment Stage

Series C

Series B

Grant

Series D

Series E

Companies

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Valuation

$991

Total Funding

$29.81M

$99M

$99M

$99M

$99M

Note

Acquired

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Sources

4

10

10

10

10

Qorvo Partners & Customers

10 Partners and customers

Qorvo has 10 strategic partners and customers. Qorvo recently partnered with Polarity on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/13/2021

Partner

Polarity

United States

Qorvo and Polarity Collaborate to Develop Solid-State Power Amplifiers for Radar and EW Applications

Qorvo , a leading provider of innovative RF solutions that connect the world , has partnered with Polarity to develop integrated rack/hub-mounted solid state power amplifiers for radar and electronic warfare applications .

1

4/15/2021

Client

National Institutes of Health

United States

Qorvo Biotechnologies Awarded $24.4 Million National Institutes of Health Contract to Scale Point-of-Care COVID-19 Antigen Testing

GREENSBORO , N.C. , April 15 , 2021 -- Qorvo , a leading provider of innovative radio frequency solutions that connect the world , has been awarded a $ 24.4 million contract with the National Institutes of Health through the Rapid Acceleration of Diagnostics initiative .

3

1/18/2021

Partner

Sigma Connectivity

Sweden

Sigma Connectivity and Qorvo enter a strategic partnership

`` We are delighted to announce this partnership with Sigma Connectivity , which will help customers accelerate development of breakthrough applications using UWB 's unique capabilities for precise , real-time distance and location measurement .

1

5/20/2020

Client

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10

4/29/2020

Licensee

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10

Date

7/13/2021

4/15/2021

1/18/2021

5/20/2020

4/29/2020

Type

Partner

Client

Partner

Client

Licensee

Business Partner

Polarity

National Institutes of Health

Sigma Connectivity

Country

United States

United States

Sweden

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News Snippet

Qorvo and Polarity Collaborate to Develop Solid-State Power Amplifiers for Radar and EW Applications

Qorvo , a leading provider of innovative RF solutions that connect the world , has partnered with Polarity to develop integrated rack/hub-mounted solid state power amplifiers for radar and electronic warfare applications .

Qorvo Biotechnologies Awarded $24.4 Million National Institutes of Health Contract to Scale Point-of-Care COVID-19 Antigen Testing

GREENSBORO , N.C. , April 15 , 2021 -- Qorvo , a leading provider of innovative radio frequency solutions that connect the world , has been awarded a $ 24.4 million contract with the National Institutes of Health through the Rapid Acceleration of Diagnostics initiative .

Sigma Connectivity and Qorvo enter a strategic partnership

`` We are delighted to announce this partnership with Sigma Connectivity , which will help customers accelerate development of breakthrough applications using UWB 's unique capabilities for precise , real-time distance and location measurement .

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Sources

1

3

1

10

10

Qorvo Team

1 Team Member

Qorvo has 1 team member, including current Senior Director, Luc Darmon.

Name

Work History

Title

Status

Luc Darmon

Senior Director

Current

Name

Luc Darmon

Work History

Title

Senior Director

Status

Current

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