Professional
Added to YB: 2024-09-19
Pitch date: 2024-09-06
QRVO [bullish]
Qorvo, Inc.
-16.73%
current return
Author Info
No bio for this author
Company Info
Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets in the United States, China, rest of Asia, Taiwan, and Europe.
Market Cap
$7.9B
Pitch Price
$105.77
Price Target
128.00 (+45%)
Dividend
N/A
EV/EBITDA
10.87
P/E
36.98
EV/Sales
2.27
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Qorvo, Inc.: Maintain $128 Fair Value Estimate as Qorvo Prospers From Apple’s iPhone 16 Ramp
QRVO: Q1 rev $887M, up 36% YoY. Apple content gain in iPhone 16. Q2 rev forecast $1.025B. Margins to expand from 40.9% Q1 low. 5G driving RF content growth. Risks: Apple concentration (37% rev), pricing pressure. No moat. $128 FV. Long-term outlook: 7-8% growth, 50% GM, high 20% op margin.
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