Qorvo Inc


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Qorvo Inc Stock Price


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Company Statistics

Market Cap.:
$9.52 billion
Book Value:
Revenue TTM:
$3.19 billion
Operating Margin TTM:
Gross Profit TTM:
$1.30 billion
Profit Margin:
Return on Assets TTM:
Return on Equity TTM:

Company Profile

Qorvo Inc had its IPO on 1997-06-03 under the ticker symbol QRVO.

The company operates in the Technology sector and Semiconductors industry. Qorvo Inc has a staff strength of 8,500 employees.

Stock update

Shares of Qorvo Inc opened at $96.46 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $94.11 - $97.45, and closed at $94.51.

This is a -2.78% slip from the previous day's closing price.

A total volume of 2,061,932 shares were traded at the close of the day’s session.

In the last one week, shares of Qorvo Inc have slipped by -12.85%.

Qorvo Inc's Key Ratios

Qorvo Inc has a market cap of $9.52 billion, indicating a price to book ratio of 2.3679 and a price to sales ratio of 2.1486.

In the last 12-months Qorvo Inc’s revenue was $3.19 billion with a gross profit of $1.30 billion and an EBITDA of $469.96 million. The EBITDA ratio measures Qorvo Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Qorvo Inc’s operating margin was 4.26% while its return on assets stood at 1.21% with a return of equity of -0.23%.

In Q2, Qorvo Inc’s quarterly earnings growth was a negative -35.9% while revenue growth was a negative 37.1%.

Qorvo Inc’s PE and PEG Ratio

Forward PE
Trailing PE

Its diluted EPS in the last 12-months stands at $-0.09 per share while it has a forward price to earnings multiple of 13.5135 and a PEG multiple of 2.5544. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Qorvo Inc’s profitability.

Qorvo Inc stock is trading at a EV to sales ratio of 2.5416 and a EV to EBITDA ratio of 8.9066. Its price to sales ratio in the trailing 12-months stood at 2.1486.

Qorvo Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets
$6.69 billion
Total Liabilities
$638.98 million
Operating Cash Flow
Capital Expenditure
$39.47 million
Dividend Payout Ratio

Qorvo Inc ended 2023 with $6.69 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.69 billion while shareholder equity stood at $3.81 billion.

Qorvo Inc ended 2023 with $0 in deferred long-term liabilities, $638.98 million in other current liabilities, 3816260000.00 in common stock, $0.00 in retained earnings and $2.76 billion in goodwill. Its cash balance stood at $744.43 million and cash and short-term investments were $744.43 million. The company’s total short-term debt was $0 while long-term debt stood at $2.05 billion.

Qorvo Inc’s total current assets stands at $2.09 billion while long-term investments were $27.02 million and short-term investments were $0. Its net receivables were $307.91 million compared to accounts payable of $294.17 million and inventory worth $917.39 million.

In 2023, Qorvo Inc's operating cash flow was $-3943000.00 while its capital expenditure stood at $39.47 million.

Comparatively, Qorvo Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price
52-Week High
52-Week Low
Analyst Target Price

Qorvo Inc stock is currently trading at $94.51 per share. It touched a 52-week high of $114.587 and a 52-week low of $114.587. Analysts tracking the stock have a 12-month average target price of $113.6.

Its 50-day moving average was $103.87 and 200-day moving average was $99.52 The short ratio stood at 1.67 indicating a short percent outstanding of 0%.

Around 52% of the company’s stock are held by insiders while 9025.7% are held by institutions.

Frequently Asked Questions About Qorvo Inc

The stock symbol (also called stock or share ticker) of Qorvo Inc is QRVO

The IPO of Qorvo Inc took place on 1997-06-03

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Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets. The CSG segment supplies connectivity and sensor components and systems featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS-/BAW-based sensors. It serves markets, such as smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. The company also offers foundry services for defense primes and other defense and aerospace customers. 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. It operates in the United States, China, other Asian countries, Taiwan, and Europe. The company was founded in 1957 and is headquartered in Greensboro, North Carolina.


7628 Thorndike Road, Greensboro, NC, United States, 27409-9421