Home News Long or Short: Qorvo (NASDAQ: QRVO)

Long or Short: Qorvo (NASDAQ: QRVO)

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Qorvo is part of the technology sector and is in the semiconductors industry. The company CEO is Robert A. Bruggeworth. Qorvo Inc is a semiconductor product manufacturer. It sells its products to companies engaged in the telecommunication, infrastructure and defense industries.

Previous Intraday Trading Performance:

The QRVO stock showed a previous change of 1.15% with an open at 68.87 and a close of 69.37. It reached an intraday high of 69.75 and a low of 68.87.

SeekingAlpha:  Qorvo closes upsized $270M offering of 5.5% notes

Liquidity:

The stock has a market cap of $8.5b with 122.8m shares outstanding, of which the float is 122.0m shares. Trading volume reached 926,754 shares compared to its average volume of 1,336,417 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Qorvo shares returned -0.70% and in the past 30 trading days it returned 6.58%. Over three months, it changed 16.43%. In one year it has changed -19.70% and within that year its 52-week high was 86.84 and its 52-week low was 54.74. QRVO stock is 26.74% above its 52 Week Low.

Our calculations show a 200 day moving average of 72.90 and a 50 day moving average of 64.71. Currently QRVO stock is trading -4.84% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

SeekingAlpha:  Qorvo closes upsized $270M offering of 5.5% notes

Earnings:

The last annual fiscal EPS for the company was reported at -0.33 that ended on 31st of March 2018. Based on 6 analyst estimates, the consensus EPS for the next quarter is 0.86. The TTM EPS is 4.63, which comes to a TTM PE of 14.98.

The following are the last four quarter reported earnings per share:
12-31-2018:  1.73
09-30-2018:  1.59
06-30-2018:  0.80
03-31-2018:  1.01

Base on our calculations, the intrinsic value per share is 81.61, which means it is possibly undervalued and has a margin of safety of 14.99%

Indicators to Watch:

Based on the latest filings, there is 0.60% of insider ownership and 133.30% of institutional ownership. Short-interest is 0, which is 0.00% of shares outstanding. The short-interest ratio or days-to-cover ratio is 0.00.

The current calculated beta is 0.89

Business Wire:  PVH Corp. to Host Conference Call to Discuss Fourth Quarter and Full Year 2018 Earnings Results

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 1.26%, return on assets is 0.96%, profit margin is 1.92%, price-to-sales is 2.74 and price-to-book is 1.84.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 3  :Past Performance Score
 5  :Financial Strength Score
 3  :Future Growth Score
 0  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.