Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets worldwide. 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 defense and aerospace, and 5G and 6G infrastructure markets. The CSG segment supplies connectivity and sensor solutions featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS-based sensors. It serves smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points markets. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. It 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. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.
Future Prospects | Analysts set price targets ranging from $70 to $110, reflecting varied outlooks on Qorvo's ability to navigate challenges and capitalize on emerging opportunities |
Financial Health Check | Despite mixed recent performance, Qorvo boasts a perfect Piotroski Score of 9, indicating strong financial strength amid industry headwinds and market uncertainties |
Operational Overhaul | Activist investor Starboard Value's 7.7% stake signals potential for significant operational improvements, with analysts projecting up to $300 million in efficiency gains |
RF Market Dynamics | Explore Qorvo's position in the competitive RF products landscape, facing challenges in Android and Apple segments while seeking new growth avenues in 5G and IoT |
Metrics to compare | QRVO | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipQRVOPeersSector | |
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P/E Ratio | 135.1x | −0.2x | 11.4x | |
PEG Ratio | 0.75 | 0.85 | 0.01 | |
Price / Book | 2.2x | 3.5x | 2.4x | |
Price / LTM Sales | 2.0x | 4.8x | 2.1x | |
Upside (Analyst Target) | −1.5% | 7.3% | 23.3% | |
Fair Value Upside | Unlock | 4.6% | 7.5% | Unlock |