Qorvo Inc

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

13.5135

Trailing PE

0

PEG

2.5544

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

$-3943000.00

Capital Expenditure

$39.47 million

Dividend Payout Ratio

0%

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

$94.51

52-Week High

$114.587

52-Week Low

$75.38

Analyst Target Price

$113.6

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.