Qorvo, Inc. (QRVO) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Qorvo, Inc. (QRVO) is a prominent player in the semiconductor industry, headquartered in Greensboro, North Carolina. Since its establishment in 1957, Qorvo has dedicated itself to developing cutting-edge technologies for wireless, wired, and power markets globally. The company operates through three main segments: High Performance Analog (HPA), which focuses on defense, aerospace, and next-generation 5G and 6G infrastructure; Connectivity and Sensors Group (CSG), known for diverse connectivity and sensor solutions; and Advanced Cellular Group (ACG), specializing in cellular RF solutions for a variety of devices. With approximately $4 billion in revenue, Qorvo continues to serve a wide range of clients, including original equipment manufacturers and distributors, positioning itself as a key player in a rapidly evolving technology landscape.
Investment Insights
Analysts currently recommend a “hold” on Qorvo’s stock, indicating a cautious stance amidst potential market volatility and evolving trends. The current stock price sits at $102.26, significantly lower than its 52-week high of $130.99, yet still above the low of $80.62, suggesting a relatively stable performance. A target high price of $156.00 and a target mean of $126.18 reflect optimism about Qorvo’s growth potential, though investors should remain aware of the implications of the current price being approximately 8.8% below its fifty-day moving average of $112.15. With a short interest of 2.78% of the float, investor sentiment appears stable, avoiding heavy bets against the stock. This balance in share distribution indicates potential stability as investors navigate market conditions.
Financial Highlights
Qorvo boasts robust financial health, with substantial revenue of around $4 billion reflecting its competitive positioning within the semiconductor sector. While detailed EBITDA information is not available, the revenue underscores the company’s capability to capitalize on growing demand in the technology space. As investors assess their strategies, the recommendation to hold suggests confidence in Qorvo’s long-term viability while acknowledging the need for vigilance regarding short-term market fluctuations. Overall, Qorvo, Inc. presents a solid investment option, albeit one that necessitates careful observation of upcoming market trends and performance indicators.
| Metric | Value |
|---|---|
| Market Cap | $9.7b |
| Total Debt | $2.0b |
| Total Cash | $1.1b |
| Shares Outstanding | 94.9m |
| Float Shares | 93.9m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.