|Bid||112.00 x 800|
|Ask||112.50 x 800|
|Day's range||111.12 - 113.58|
|52-week range||67.54 - 122.36|
|Beta (5Y monthly)||1.40|
|PE ratio (TTM)||40.00|
|Earnings date||30 Jul 2020 - 03 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||120.68|
The Zacks Analyst Blog Highlights: Ericsson, NVIDIA, Marvell Technology, Ciena and Qorvo
Here we pick five 5G stocks that are expected to benefit from higher spending as demand for high-speed Internet shoots up.
The Zacks Analyst Blog Highlights: Zoom Communications, Fortinet, Qorvo, Zscaler and Dropbox
Chipmakers are benefiting from the demand spike for cloud services, as increasing number of employees and students are now working and learning from home amid the coronavirus-led global lockdown.
4-Star Supplier Excellence Award honors superior quality and performance GREENSBORO, N.C., June 24, 2020 -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF.
GREENSBORO, N.C., June 24, 2020 -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced that Custom MMIC, which was.
GREENSBORO, N.C., June 17, 2020 -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced that four of its Wi-Fi 6.
Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced the completion of its offering of an additional $300 million principal amount of its senior notes maturing in 2029 (the “Notes”). The additional Notes will pay interest semi-annually at a rate of 4.375% per annum. The additional Notes will mature on October 15, 2029, unless earlier redeemed in accordance with their terms.
Apple (AAPL) is possibly delaying the launch of iPhone 12, as indicated by Broadcom's Q3 revenue outlook. This is likely to create pressure on its other suppliers as well at least in the near term.
Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced the pricing of its offering of an additional $300 million principal amount of its 4.375% senior notes due 2029 (the “Notes”), at 102.250% of par value plus interest deemed to have accrued from April 15, 2020 to the closing date, bringing the total outstanding principal amount of the Notes to $850 million. Qorvo expects to close the sale of the additional Notes on or about June 11, 2020, subject to the satisfaction of customary closing conditions. The additional Notes will be issued to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act.
Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced that due to conflicts associated with the launch of its proposed senior notes offering, it is unable to host its webcast presentation at the Cowen and Company 2020 virtual Technology, Media & Telecom Conference, previously scheduled to take place on Thursday, May 28, 2020 at 12:30 p.m. ET. Qorvo (QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications.
Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced that it proposes to offer, subject to market conditions and other factors, an additional $250 million principal amount of its 4.375% senior notes due 2029 (the “Notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. Qorvo previously completed the offering of $350 million principal amount of the Notes on September 30, 2019 and $200 million principal amount of the Notes on December 20, 2019. Qorvo expects to use the net proceeds of the offering of additional Notes for general corporate purposes.
Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced that Company executives are scheduled to present at the Bank of America Securities 2020 Global Technology Virtual Conference on Thursday, June 4, 2020 at 12:15 p.m. ET. Qorvo (QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications.
Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced that Company executives are scheduled to present at the Cowen and Company 2020 virtual Technology, Media & Telecom Conference on Thursday, May 28, 2020 at 12:30 p.m. ET. A live webcast of the virtual event will be available on the Company's web site at the following URL: http://www.qorvo.com (under "Investors"). Qorvo (QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity.
Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, has been awarded a three-year contract to further advance the development of copper-pillar-on-GaN flip-chip technology. This Department of Defense (DoD) program will create a high-yield domestic foundry to mature the copper flip assembly process, which enables vertical die stacking in space-constrained phased array radar systems and other defense electronics. Copper pillar flip-chip technology enables vertical stacking of die to integrate many more components, resulting in tighter die-to-die and die-to package spacings to reduce module weight and cost.
(Bloomberg) -- Since its founding more than three decades ago, Taiwan Semiconductor Manufacturing Co. has built its business by working behind the scenes to make customers like Apple Inc. and Qualcomm Inc. shine. Now the low-profile chipmaker has landed squarely in the middle of the U.S.-China trade war, an incalculably valuable asset that both sides are vying to control.The Trump administration opened up a new front in the conflict on Friday by barring any chipmaker using American equipment from supplying China’s Huawei Technologies Co. without U.S. government approval. That means TSMC and rivals will have to cut off Huawei unless they get waivers from the U.S. Commerce Dept. TSMC has already stopped accepting new orders from Huawei, the Nikkei newspaper reported Monday.The move threatens to wreak havoc throughout the complex ecosystem that produces technology for consumers and companies around the world. An attack on Huawei threatens not just its workers and its standing as a world leader in making smartphones and telecom equipment, but also hundreds of suppliers. The Chinese government has vowed to protect its national champion, with threats of retribution against U.S. companies that depend on China like Apple Inc. and Boeing Co.“China likely will retaliate, and investors should brace themselves for a possible trade war escalation,” Sanford C. Bernstein & Co. analysts led by Mark Li wrote in a research note on Friday.Read more: U.S. Tightens Rules to Crack Down on Huawei’s Chip Supply Huawei suppliers across Asia fell on Monday, with AAC Technologies Holdings Inc., Q Technology Group Co., Sunwoda Electronic and Lens Technology all sliding 5% or more. TSMC, which gets an estimated 14% of its revenue from Huawei, dropped as much as 2.5%.The U.S. already blacklisted Huawei last year, preventing American companies from supplying the Chinese company unless they got a license. The latest move tightens those restrictions to prevent chipmakers -- American or foreign -- from working with Huawei and its secretive chip-design unit HiSilicon on the cutting-edge semiconductors they need to make smartphones and communications equipment. The Trump administration sees Huawei as a dire security threat, an allegation the company denies.“We must amend our rules exploited by Huawei and HiSilicon and prevent U.S. technologies from enabling malign activities contrary to U.S. national security and foreign policy interests,” Commerce Secretary Wilbur Ross said in a tweet.Huawei countered by accusing the U.S. of ulterior motives.“The so-called cybersecurity reasons are merely an excuse,” Richard Yu, head of the Chinese tech giant’s consumer electronics unit wrote in a post to his account on messaging app WeChat. “The key is the threat to the technology hegemony of the U.S” posed by Huawei, he added.The U.S. decision is likely to hurt not just Huawei and TSMC, but also a clutch of American players including gear-makers Applied Materials Inc., KLA and Lam Research Corp. themselves, Morgan Stanley analysts wrote. Disruptions to Huawei’s production will also hurt U.S. customers from Micron Technology Inc. and Qorvo Inc. to Texas Instruments Inc., they said. But “it bears repeating that any escalation of trade tensions is negative for the stocks overall,” they wrote in a research report.It would have been impossible to imagine TSMC becoming such a coveted chit between the world’s great powers when it was founded in 1987. Morris Chang, born in China and trained in the U.S., started the company as a so-called foundry, manufacturing semiconductors for any customer that didn’t want to construct its own fabrication facility, or fab.At the time, the business wasn’t nearly as glamorous as making chips yourself. Dominating the industry at the time were companies like Intel Corp. and Advanced Micro Devices Inc., which made processors for personal computers. “Real men have fabs,” AMD co-founder Jerry Sanders would say, making clear that was an insult.But in the intervening years, the foundry industry has become far more strategic for the technology industry. Customers from Apple and Huawei to Qualcomm and Nvidia Corp. have found they can innovate more quickly if they focus on chip designs and then turn to foundries like TSMC to produce them. Innovators in emerging technologies like artificial intelligence or the internet of things also depend on foundries to crack open new markets.Today, many of the chips for mobile phones, autonomous vehicles, artificial intelligence and any other key technology are made at foundries. TSMC has become the leading foundry in the world by investing heavily in ever more advanced fabs, with annual capital spending of about $16 billion this year.It can now manufacture at 5 nanometers, about twice the width of human DNA, while China’s top foundry, Semiconductor Manufacturing International Corp., or SMIC, is at 14 nanometers. That makes TSMC’s chips far more powerful and energy efficient.Huawei and HiSilicon will have few good options if they are cut off from TSMC. One possibility is to procure off-the-shelf chips from Taiwan’s MediaTek Inc. and South Korea’s Samsung Electronics Co., an option Huawei’s rotating Chairman Eric Xu mentioned in late March. But even that may no longer be viable under the new Commerce restrictions.SMIC itself is keen on moving up the technology ladder, eyeing a secondary share listing that could raise more than $3 billion on top of a large capital infusion from the state.Read more: China Injects $2.2 Billion Into Local Chip Firm Amid U.S. CurbsBut that’s a longer-term endeavor and Huawei’s products meanwhile are likely to suffer, putting them at risk of falling behind those of rivals like Apple or Xiaomi Corp.For TSMC, it’s growing ever more difficult to remain neutral amid the growing tensions between the U.S. and China. The company brands itself “everybody’s foundry,” effectively the Switzerland of the tech industry. It supplies Chinese customers like Huawei and the American military, while relying on U.S. producers of semiconductor-making equipment like Applied Materials and Lam Research.TSMC did take one step closer to the U.S. last week, saying it would build a $12 billion chip plant in Arizona. The Department of Defense has expressed concern that overseas fabs may be vulnerable to cyberattacks and domestic manufacturing would assure a more reliable supply of chips.The proposal appears to be carefully calculated to address such security issues without too much damage to profits or its political balancing act. Suppliers to the military, such as Xilinx Inc., would be able to use the U.S. fab, but the facility would likely account for less than 5% of revenue so margins won’t be compromised.It’s not clear if the plans for a U.S. plant will win TSMC leniency in supplying Huawei, however.“TSMC will not be granted or granted a license based on their intent to build a 5 nanometer fab here in the United States. That’s not part of it at all,” Keith Krach, undersecretary for economic growth, energy and the environment at the State Department, told reporters on a call. “There’s no assurance on that and we don’t anticipate that.”Meanwhile, China appears to be preparing to retaliate for the new restrictions on Huawei. On Friday, the Global Times -- a Chinese tabloid run by the flagship newspaper of the Communist Party -- reported Beijing was ready to initiate countermeasures, including imposing restrictions on Apple, suspending the purchase of Boeing airplanes and putting U.S. companies on an ‘unreliable entity list.’The list will cover “foreign entities that cause actual or potential damage to Chinese companies and industries,” the newspaper said.(Updates with Nikkei report in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...
For a company that gets the majority of its revenue from selling components for smartphones, Qorvo's (NASDAQ: QRVO) fiscal fourth-quarter results turned out to be a revelation. Qorvo had reduced its March quarter revenue guidance to $770 million from the original estimate of $800 million to $840 million. Qorvo expects $710 million to $750 million in revenue this quarter, better than Wall Street's expectation of $710 million.
Qorvo's (QRVO) fourth-quarter fiscal 2020 results benefit from increased demand for 5G handsets and strength in the Infrastructure and Defense Products (IDP) business.
This call will include forward-looking statements that involve risk factors that could cause our actual results to differ materially from management's current expectations. Thank you, Doug, and thanks to everyone for joining our call.
Qorvo (QRVO) delivered earnings and revenue surprises of 18.94% and 2.52%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced achievement of a key milestone in the development of a veterinary point-of-care (POC) diagnostic platform for Zomedica Pharmaceuticals Corp. Zomedica announced that its TRUFORMA™ POC platform, based on Qorvo’s acoustic resonators, and first assay have completed final verification. Qorvo Biotechnologies LLC, a wholly owned subsidiary of Qorvo US, Inc., signed a development and supply agreement in 2018 with Zomedica (NYSE American: ZOM) for its POC platform to be tested for veterinary use.