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Qorvo (QRVO)

(Real Time Quote from BATS)

$121.37 USD

121.37
261,682

+1.33 (1.11%)

Updated Jul 25, 2024 10:50 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

C Value A Growth D Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 9% (23 out of 250)

Industry: Semiconductors - Radio Frequency

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Better trading starts here.

Balance Sheet

Research for QRVO

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Qorvo, Inc falls in the month of March.

All items in Millions except Per Share data.

3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Assets          
Cash & Equivalents 1,029 809 973 1,398 715
Receivables 427 331 601 485 382
Notes Receivable 0 0 0 0 0
Inventories 711 797 756 508 517
Other Current Assets 279 93 121 93 76
Total Current Assets 2,446 2,030 2,450 2,484 1,691
Net Property & Equipment 871 1,150 1,254 1,266 1,259
Investments & Advances 23 20 31 35 23
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 3,044 3,299 3,450 3,254 3,423
Deposits & Other Assets 170 193 324 182 165
Total Assets 6,555 6,692 7,509 7,221 6,561
Liabilities & Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Notes Payable 0 0 0 0 0
Accounts Payable 253 211 328 314 247
Current Portion Long-Term Debt 439 0 0 5 7
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 337 222 240 255 218
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 202 123 107 108 67
Total Current Liabilities 1,230 556 675 682 539
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,549 2,048 2,047 1,743 1,567
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 219 185 234 168 162
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 2,998 2,789 2,956 2,592 2,268
Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Preferred Stock 0 0 0 0 0
Common Stock (Par) 3,651 3,821 4,036 4,245 4,290
Capital Surplus 0 0 0 0 0
Retained Earnings -90 85 512 355 0
Other Equity -5 -3 5 30 2
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 3,556 3,903 4,553 4,629 4,293
Total Liabilities & Shareholder's Equity 6,555 6,692 7,509 7,221 6,561
Total Common Equity 3,556 3,903 4,553 4,629 4,293
Shares Outstanding 96.50 99.80 108.40 113.20 115.60
Book Value Per Share 36.85 39.11 42.00 40.90 37.13

Fiscal Year End for Qorvo, Inc falls in the month of March.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 1,029 1,072 707 744
Receivables NA 427 515 621 327
Notes Receivable NA 0 0 0 0
Inventories NA 711 727 840 917
Other Current Assets NA 279 115 96 99
Total Current Assets NA 2,446 2,428 2,263 2,088
Net Property & Equipment NA 871 1,039 1,061 1,088
Investments & Advances NA 23 25 26 27
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 3,044 3,040 3,181 3,268
Deposits & Other Assets NA 170 166 187 216
Total Assets NA 6,555 6,699 6,719 6,687
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 253 283 275 294
Current Portion Long-Term Debt NA 439 480 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 337 327 304 264
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 202 190 93 80
Total Current Liabilities NA 1,230 1,280 672 639
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 1,549 1,550 2,049 2,048
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 230 181 187
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 2,998 3,061 2,901 2,874
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 3,651 3,731 3,796 3,816
Capital Surplus NA 0 0 0 0
Retained Earnings NA -90 -92 35 0
Other Equity NA -5 0 -14 -4
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 3,556 3,638 3,817 3,812
Total Liabilities & Shareholder's Equity NA 6,555 6,699 6,719 6,687
Total Common Equity 0 3,556 3,638 3,817 3,812
Shares Outstanding 95.00 96.50 96.50 97.30 97.90
Book Value Per Share 0.00 36.85 37.70 39.23 38.94