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QRVO $70.85

QRVO target price
70.85
0
160
Qorvo
Type
Public
Traded as NASDAQ: QRVO
S&P 500 Component
Industry Wireless handsets, base station, broadband communications, military, foundry
Founded 2015
Headquarters Greensboro, North Carolina
(with other campus in Hillsboro, Oregon)
Products GaAs, GaN, SAW filters, and BAW foundry services and components
Number of employees
8000
Subsidiaries TriQuint Semiconductor
RF Micro Devices
Website qorvo.com

Qorvo is an American semiconductor company that designs, manufactures, and supplies radio-frequency systems and solutions for applications that drive wireless and broadband communications, as well as foundry services. The company, which trades on NASDAQ, was created by the merger of TriQuint Semiconductor and RF Micro Devices, which was announced in 2014 and completed on January 1, 2015. The headquarters for the company originally were in both Hillsboro, Oregon (home of TriQuint), and Greensboro, North Carolina (home of RFMD), but in mid-2016 the company began referring to its North Carolina site as its exclusive headquarters.

Qorvo was created on January 1, 2015, with the merger of TriQuint Semiconductor and RF Micro Devices (RFMD). In June 2015, the new company became a component of the S&P 500, replacing tobacco company Lorillard. At the time of joining the S&P 500, Qorvo was valued at $12 billion. The company employs more than 8,000 people. As of mid-2016, the Oregon plant alone was employing almost 1,000 people.

Pronounced "kor-vo", the name is intended to reflect the "core technologies and innovations" the companies plan to enable following their combination. The name's first syllable is meant to evoke "chorus" – people (TriQuint and RFMD) working in unison, as well as "core" technology. The second syllable, "vo", is meant to indicate voyage or travel through air or space.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2023 2022-11-01 Future report Set alerts
Q1 2023 2022-08-03 2.25 2.25
Q4 2022 2022-05-04 3.12 3.12
Q3 2022 2022-02-02 2.98 2.98
Q2 2022 2021-11-03 3.42 3.42
Q1 2022 2021-08-04 2.83 2.83
Q4 2021 2021-05-05 2.74 2.74
Q3 2021 2021-02-03 3.08 3.08
Q2 2021 2020-11-04 2.43 2.43
Q1 2021 2020-07-29 1.50 1.50

Ratings

2016-07-06 Reiterated Rating Drexel Hamilton Buy
2016-07-06 Reiterated Rating KeyCorp Hold
2016-07-01 Downgrade Mizuho Buy to Neutral $55.00
2016-06-27 Initiated Coverage Morgan Stanley Equal to Equal Weight $56.00
2016-06-15 Reiterated Rating Brean Capital Buy
2016-06-09 Upgrade Citigroup Inc. Sell to Neutral $40.00 to $57.00
2016-05-24 Initiated Coverage Credit Agricole Underperform
2016-05-24 Initiated Coverage Credit Agricole SA Underperform
2016-05-22 Reiterated Rating Brean Capital Buy $62.00
2016-05-05 Upgrade BMO Capital Markets Outperform $57.00 to $50.00
2016-05-05 Reiterated Rating Goldman Sachs Hold $48.00
2016-05-05 Boost Price Target MKM Partners Buy $63.00 to $64.00
2016-05-05 Boost Price Target Craig Hallum Buy $56.00 to $58.00
2016-05-05 Boost Price Target Brean Capital Buy $55.00 to $62.00
2016-05-05 Boost Price Target Needham & Company LLC Buy $50.00 to $53.00
2016-05-05 Boost Price Target Cowen and Company Outperform $50.00 to $55.00
2016-05-05 Reiterated Rating Goldman Sachs Group Inc. Hold $48.00
2016-05-04 Reiterated Rating Oppenheimer Hold
2016-05-04 Reiterated Rating Oppenheimer Holdings Inc. Hold
2016-05-02 Lower Price Target Goldman Sachs Neutral $47.00 to $44.00
2016-04-27 Reiterated Rating Needham & Company LLC Buy
2016-04-19 Downgrade Raymond James Strong-Buy to Outperform
2016-04-19 Downgrade Raymond James Financial Inc. Strong-Buy to Outperform
2016-04-18 Initiated Coverage Cowen and Company Market Perform $50.00
2016-04-12 Boost Price Target Mizuho Buy $50.00 to $55.00
2016-04-11 Reiterated Rating MKM Partners Buy $65.00 to $63.00
2016-04-04 Reiterated Rating Stephens Buy
2016-03-28 Reiterated Rating Barclays Hold $46.00 to $50.00
2016-03-28 Reiterated Rating Barclays PLC Hold $46.00 to $50.00
2016-03-21 Reiterated Rating Bank of America Buy $56.00
2016-03-21 Reiterated Rating Bank of America Corp. Buy $56.00
2016-02-24 Reiterated Rating Oppenheimer Market Perform
2016-02-23 Reiterated Rating Needham & Company LLC Buy $54.00
2016-02-11 Reiterated Rating Needham & Company LLC Buy $55.00 to $54.00
2016-02-08 Reiterated Rating Oppenheimer Market Perform
2016-02-06 Reiterated Rating BMO Capital Markets Buy
2016-02-05 Lower Price Target DA Davidson Buy $65.00
2016-02-05 Lower Price Target Canaccord Genuity Buy $62.00 to $55.00
2016-02-05 Lower Price Target BMO Capital Markets Outperform $55.00 to $50.00
2016-02-05 Downgrade Citigroup Inc. Neutral to Sell
2016-02-03 Downgrade Goldman Sachs Buy to Neutral $42.00
2016-01-27 Lower Price Target Citigroup Inc. $50.00 to $42.00
2016-01-24 Reiterated Rating DA Davidson Buy
2016-01-20 Reiterated Rating Brean Capital Buy $55.00
2016-01-15 Reiterated Rating Chardan Capital Buy
2016-01-09 Reiterated Rating Northland Securities Buy
2016-01-09 Reiterated Rating Stephens Buy
2016-01-09 Reiterated Rating Drexel Hamilton Buy
2016-01-08 Lower Price Target Northland Securities Outperform $75.00 to $55.00
2016-01-08 Lower Price Target DA Davidson Buy $80.00 to $75.00
2016-01-08 Lower Price Target Craig Hallum Buy $80.00 to $60.00
2016-01-08 Lower Price Target Canaccord Genuity Buy $77.00 to $62.00
2016-01-08 Lower Price Target Needham & Company LLC Buy $64.00 to $55.00
2016-01-08 Lower Price Target Mizuho Buy $65.00 to $50.00
2016-01-08 Reiterated Rating Pacific Crest Hold
2016-01-07 Lower Price Target Citigroup Inc. $52.00 to $50.00
2015-12-17 Reiterated Rating Needham & Company LLC Buy $64.00
2015-12-10 Reiterated Rating Brean Capital Buy $70.00
2015-11-20 Reiterated Rating Brean Capital Buy $70.00
2015-11-20 Reiterated Rating Oppenheimer Market Perform
2015-11-19 Reiterated Rating Needham & Company LLC Buy $64.00
2015-11-18 Initiated Coverage JMP Securities Market Perform $72.00
2015-11-17 Reiterated Rating Canaccord Genuity Buy
2015-11-17 Reiterated Rating Stephens Buy
2015-11-13 Lower Price Target Mizuho Buy $70.00 to $65.00
2015-11-09 Reiterated Rating Pacific Crest Equal Weight
2015-11-06 Lower Price Target BMO Capital Markets Outperform $80.00 to $68.00
2015-11-06 Lower Price Target Barclays Equal Weight $50.00 to $46.00
2015-11-06 Lower Price Target MKM Partners Buy $72.00 to $71.00
2015-11-06 Lower Price Target Needham & Company LLC Buy $68.00 to $64.00
2015-11-06 Reiterated Rating Brean Capital Buy $80.00 to $70.00
2015-10-20 Initiated Coverage Drexel Hamilton Buy $80.00
2015-10-16 Lower Price Target Mizuho $80.00 to $70.00
2015-10-13 Reiterated Rating Barclays Equal Weight $65.00 to $50.00
2015-10-01 Initiated Coverage Citigroup Inc. Neutral $49.00
2015-09-28 Downgrade Pacific Crest Overweight to Sector Perform
2015-09-25 Reiterated Rating Barclays Buy
2015-09-25 Upgrade Canaccord Genuity Buy $77.00
2015-09-24 Lower Price Target Needham & Company LLC Buy $82.00 to $68.00
2015-09-21 Reiterated Rating Brean Capital Buy
2015-09-15 Reiterated Rating Brean Capital Buy $80.00
2015-09-08 Lower Price Target Pacific Crest Overweight $80.00 to $70.00
2015-09-01 Initiated Coverage Credit Agricole Outperform
2015-08-31 Initiated Coverage CLSA Outperform $64.00
2015-08-31 Initiated Coverage Credit Agricole Outperform $64.00
2015-08-13 Reiterated Rating Canaccord Genuity Buy
2015-07-31 Lower Price Target KeyBanc Overweight $85.00 to $80.00
2015-07-31 Lower Price Target KeyCorp Overweight $85.00 to $80.00
2015-07-30 Lower Price Target Barclays Equal Weight $80.00 to $65.00
2015-07-30 Lower Price Target Northland Capital Partners $88.50 to $75.00
2015-07-30 Lower Price Target MKM Partners Buy $95.00 to $77.00
2015-07-30 Lower Price Target Canaccord Genuity Buy $89.00 to $77.00
2015-07-30 Lower Price Target Needham & Company LLC Buy $88.00 to $82.00
2015-07-30 Lower Price Target Ascendiant Capital Markets Buy $90.00 to $80.00
2015-07-30 Lower Price Target Brean Capital Buy $92.00 to $80.00
2015-07-30 Lower Price Target Northland Securities Outperform $88.50 to $75.00
2015-07-30 Lower Price Target Mizuho Buy $92.00 to $80.00
2015-07-22 Reiterated Rating Pacific Crest Overweight $85.00
2015-07-22 Reiterated Rating Brean Capital Buy $95.00 to $92.00
2015-07-14 Initiated Coverage Mizuho Buy $92.00
2015-06-22 Reiterated Rating Pacific Crest Overweight $80.00
2015-06-17 Reiterated Rating Brean Capital Buy $95.00
2015-05-22 Initiated Coverage Goldman Sachs Buy $98.00
2015-05-08 Boost Price Target Northland Securities Outperform $82.50 to $88.50
2015-05-07 Boost Price Target Canaccord Genuity Buy $85.00 to $89.00
2015-05-07 Boost Price Target Barclays Equal Weight $65.00 to $70.00
2015-05-07 Boost Price Target Ascendiant Capital Markets Buy to Buy $86.00 to $90.00
2015-05-07 Boost Price Target Craig Hallum Buy $84.00 to $90.00
2015-05-07 Upgrade Needham & Company LLC Hold to Buy $88.00
2015-05-05 Reiterated Rating Pacific Crest Overweight $80.00
2015-04-10 Boost Price Target Canaccord Genuity Buy $81.00 to $85.00
2015-04-02 Boost Price Target Brean Capital Buy $85.00 to $95.00
2015-03-16 Upgrade DA Davidson Neutral to Buy $70.00 to $100.00
2015-03-02 Set Price Target Canaccord Genuity Buy $81.00
2015-02-17 Set Price Target Brean Capital Buy $85.00
2015-02-08 Reiterated Rating Brean Capital Buy $85.00
2015-01-29 Boost Price Target MKM Partners Buy $73.00 to $87.00
2015-01-29 Boost Price Target DA Davidson $68.00 to $70.00
2015-01-29 Initiated Coverage Ascendiant Capital Markets Buy $86.00
2015-01-29 Upgrade Northland Securities Market Perform to Outperform $68.25 to $82.50
2015-01-16 Initiated Coverage Brean Capital Buy $80.00
2015-01-15 Initiated Coverage Charter Equity Buy
2015-01-13 Initiated Coverage Oppenheimer Market Perform
2015-01-13 Upgrade BMO Capital Markets Market Perform to Outperform $68.00 to $80.00
2015-01-13 Initiated Coverage Northland Securities Market Perform $68.25
2015-01-08 Initiated Coverage Craig Hallum Buy $76.00
2015-01-07 Initiated Coverage Raymond James Strong-Buy $77.00
2015-01-05 Reiterated Rating Canaccord Genuity Buy $79.00
2015-01-05 Initiated Coverage Pacific Crest Outperform $80.00
2015-01-05 Initiated Coverage BMO Capital Markets Market Perform $68.00
2015-01-05 Initiated Coverage Barclays Equal Weight $65.00
2015-01-02 Initiated Coverage Bank of America Buy
2015-01-02 Reiterated Rating MKM Partners Buy $73.00
2016-07-06 Reiterated Rating Drexel Hamilton Buy
2016-07-06 Reiterated Rating KeyCorp Hold
2016-07-01 Downgrade Mizuho Buy to Neutral $55.00
2016-06-27 Initiated Coverage Morgan Stanley Equal to Equal Weight $56.00
2016-06-15 Reiterated Rating Brean Capital Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks