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Qorvo, Inc. (0KSJ.L)

LSE - LSE Delayed price. Currency in USD
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81.15-12.60 (-13.44%)
At close: 02:35PM BST
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  • H
    H
    Horrible one year chart. Semis will remain in a bear market for years…
  • m
    myownstimulusplan
    Qorvo (NASDAQ:QRVO) has been selected by the U.S. Department of Defense to proceed with the Advanced Integration Interconnection and Fabrication Growth for Domestic State of the Art (SOTA) Radio Frequency Gallium Nitride program or GaN (also known as STARRY NITE) as part of the Office of Undersecretary of Defense Research & Engineering's microelectronics roadmap.
    The STARRY NITE program seeks to develop and mature domestic, open SOTA RF GaN foundries in alignment with the DoD advanced packaging ecosystem.
  • G
    Gary
    with all the negative news and scare tactics out there at $94 this has gotta be a buy.
  • D
    Darrell
    Increasing interest rates, huge inflation getting even worse, supply chain issues increasing, looks like a bad several months ahead of us unfortunately
  • S
    Scott
    Reasonable chance this stock drops below it's IPO price in 2014. Buy, hold, and go broke.
  • T
    Tambo210
    UBS analyst Timothy Arcuri lowered the firm's price target on Qorvo to $135 from $145 and keeps a Neutral rating on the shares. The company's China exposure drove poor guidance and commentary, with the management indicating that market issues in China are taking about 50M-75MM units out of the 5G handset market this year, the analyst tells investors in a research note. Arcuri adds that while Qorvo's gross margin is expected to bottom in June, the company offered little commentary on the pace of the recovery
  • T
    Tambo210
    enchmark analyst Cody Acree assumed coverage of Qorvo with a Buy rating with a price target of $152, down from $175, citing recent multiple compression across the group. Qorvo delivered "modest" March quarter upside and is guiding to June quarter sales that fell about $100M short of the consensus estimate at the mid-point of the range, noted Acree, who points out that all the weakness was blamed on Chinese supply chain....
  • s
    sk_wilson
    Are there that meny people out of touch with the market??? I'll say the same here as I did on the SWKS board. It does not matter if you beat the quarter......if you lower guidance regardless of whether or not it's a YOY increase you're going to get pounded. High quality companies like QRVO and SWKS will recover within the month because their PE is so low.....but initially it is going to get pounded
  • m
    mlc178
    I listened to the CC. Mgmt said the June quarter will be the bottom and sequential growth will resume in the September quarter. They also mentioned that revenue from Samsung has more than doubled YoY and Samsung has a new lineup of phones ramping up this year featuring Qorvo's RF Fusion 5G chipsets, Wi-Fi 6E front end modules, antenna control solutions, and RF power management IC's. They said they were underrepresented in Samsung's phones but that is no longer true; Qorvo will be in Samsung's flagship as well as mass-tier phones. The main problem now are the Covid lockdowns in China causing Qorvo to lose $250 million in revenue from 5G smartphone content over two quarters. They said "all our issues are in China," where, with the lockdowns, even getting employees into a handset factory can be a problem. As can be expected, Qorvo mgmt on the call claimed to have superb best-in-class integrated products.
  • m
    mlc178
    Dang! SWKS dropped more than $5 in after hours despite reporting 14% YoY revenue growth and guiding for 10% YoY revenue growth. They just reported $2.63 per share for the quarter. I guess 10% revenue growth is just keeping up with inflation and not good enough any more.
  • D
    Darrell
    It’s not like they’re doing horribly or anything, but after recent results in the industry like from AMD, ON, and others with better results and especially better guidance, I was expecting better here...
  • A
    Anonymous
    Horrible forecast......next qtr EPS of $2.00 to $2.25 vs $2.75....Revenues down just slightly....either margins are getting hit or the opex is rising....Makes SWKS look good. This should drop below $110 easily....

    I hate to see it as a long...but....

    I will buy more if it hits the $90's.
  • s
    sk_wilson
    Todays earnings should be interesting as should guidance. We already know China is weak, but what we don't know if it QRVO's other divisions can make up for the weakness for this quarter and next. My guess is probably not, but we shall see....maybe an unexpected surprise awaits
  • m
    myownstimulusplan
    BUY , the chance to own a money-making company with the TAM growing, the future is better than the past
  • A
    Anonymous
    Sell into any bounce. The markets are going nowhere but down another 30% or so. No reflection on the companies other that many are still carrying crazy high PEs
  • Y
    Yahoo Finance Insights
    Qorvo reached a 52 Week low at 105.84
  • H
    Hellrai$er - man, myth, legend!
    GREENSBORO, N.C., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Company’s fiscal 2021 third quarter, ended January 2, 2021.

    On a GAAP basis, revenue for Qorvo’s fiscal 2021 third quarter was $1.1 billion, gross margin was 49.1%, operating income was $299 million and diluted earnings per share was $1.74. On a non-GAAP basis, gross margin was 54.4%, operating income was $401 million and diluted earnings per share was $3.08.

    Bob Bruggeworth, president and chief executive officer of Qorvo, said, “Qorvo delivered an exceptional quarter helping our customers keep the world connected through the deployment of 5G, the roll-out of Wi-Fi 6 and 6E, and emerging technologies like precision location ultra-wideband. We are sustaining technology leadership in these markets and innovating in new ones including biotechnologies. In January, the National Institutes of Health selected Qorvo for its program to add COVID-19 testing capacity.”
  • B
    Bobby
    An incredible buying opportunity here to buy on overreacted inflation fears causing such a deviation. Actual semiconductor manufacturing companies like QRVO and SWKS are about to experience the greatest amount of growth ever. Semiconductor manufactures and semiconductor equipment companies are in a very unique and special placein the market/economy/world right now. Nothing but unprecedented growth and earnings ahead.
  • H
    Hellrai$er - man, myth, legend!
    Results:
    On a GAAP basis, revenue for Qorvo’s fiscal 2022 first quarter was $1.110 billion, gross margin was 49.2%, operating income was $297 million and diluted earnings per share was $2.51. On a non-GAAP basis, gross margin was 52.5%, operating income was $367 million and diluted earnings per share was $2.83.

    Guidance:
    Quarterly revenue of $1.235 billion to $1.265 billion
    Non-GAAP gross margin between 52% and 52.5%
    Non-GAAP diluted earnings per share of $3.24 at the midpoint of guidance

    https://ir.qorvo.com/news-releases/news-release-details/qorvor-announces-fiscal-2022-first-quarter-financial-results
    The Investor Relations website contains information about Qorvo, Inc.'s business for stockholders, potential investors, and financial analysts.
    The Investor Relations website contains information about Qorvo, Inc.'s business for stockholders, potential investors, and financial analysts.
    ir.qorvo.com
  • m
    myownstimulusplan
    Barclays upgraded Qorvo from Equal-Weight to Overweight and set a new price target of $200.00 from $185.00 previously