Intrinsic value of Qorvo - QRVO

Previous Close

$81.20

  Intrinsic Value

$2.60

stock screener

  Rating & Target

str. sell

-97%

Previous close

$81.20

 
Intrinsic value

$2.60

 
Up/down potential

-97%

 
Rating

str. sell

We calculate the intrinsic value of QRVO stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 10.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  16.20
  15.08
  14.07
  13.16
  12.35
  11.61
  10.95
  10.36
  9.82
  9.34
  8.91
  8.51
  8.16
  7.85
  7.56
  7.31
  7.08
  6.87
  6.68
  6.51
  6.36
  6.23
  6.10
  5.99
  5.89
  5.80
  5.72
  5.65
  5.59
  5.53
Revenue, $m
  3,524
  4,056
  4,627
  5,236
  5,882
  6,565
  7,284
  8,039
  8,828
  9,653
  10,512
  11,407
  12,339
  13,307
  14,313
  15,359
  16,445
  17,575
  18,749
  19,970
  21,241
  22,563
  23,940
  25,375
  26,870
  28,430
  30,057
  31,755
  33,529
  35,383
Variable operating expenses, $m
  2,829
  3,201
  3,601
  4,028
  4,482
  4,961
  5,465
  5,994
  6,547
  7,126
  7,371
  7,998
  8,651
  9,330
  10,036
  10,769
  11,531
  12,323
  13,146
  14,002
  14,893
  15,820
  16,786
  17,792
  18,840
  19,934
  21,075
  22,266
  23,510
  24,809
Fixed operating expenses, $m
  479
  490
  501
  512
  523
  534
  546
  558
  570
  583
  596
  609
  622
  636
  650
  664
  679
  694
  709
  725
  741
  757
  774
  791
  808
  826
  844
  863
  882
  901
Total operating expenses, $m
  3,308
  3,691
  4,102
  4,540
  5,005
  5,495
  6,011
  6,552
  7,117
  7,709
  7,967
  8,607
  9,273
  9,966
  10,686
  11,433
  12,210
  13,017
  13,855
  14,727
  15,634
  16,577
  17,560
  18,583
  19,648
  20,760
  21,919
  23,129
  24,392
  25,710
Operating income, $m
  216
  365
  525
  696
  877
  1,070
  1,273
  1,487
  1,710
  1,944
  2,546
  2,800
  3,065
  3,341
  3,627
  3,925
  4,236
  4,558
  4,894
  5,243
  5,607
  5,986
  6,381
  6,792
  7,222
  7,670
  8,138
  8,627
  9,138
  9,673
EBITDA, $m
  1,153
  1,388
  1,642
  1,913
  2,201
  2,506
  2,827
  3,164
  3,517
  3,887
  4,272
  4,673
  5,091
  5,525
  5,977
  6,447
  6,936
  7,444
  7,972
  8,522
  9,095
  9,691
  10,311
  10,959
  11,634
  12,338
  13,073
  13,841
  14,644
  15,483
Interest expense (income), $m
  71
  59
  75
  92
  111
  130
  151
  173
  196
  220
  246
  272
  300
  329
  359
  390
  422
  456
  491
  527
  565
  604
  645
  687
  732
  778
  826
  876
  928
  983
  1,040
Earnings before tax, $m
  157
  290
  432
  585
  747
  919
  1,100
  1,291
  1,490
  1,698
  2,273
  2,500
  2,736
  2,982
  3,238
  3,503
  3,780
  4,068
  4,367
  4,678
  5,003
  5,341
  5,693
  6,061
  6,444
  6,844
  7,262
  7,699
  8,155
  8,633
Tax expense, $m
  42
  78
  117
  158
  202
  248
  297
  348
  402
  459
  614
  675
  739
  805
  874
  946
  1,021
  1,098
  1,179
  1,263
  1,351
  1,442
  1,537
  1,636
  1,740
  1,848
  1,961
  2,079
  2,202
  2,331
Net income, $m
  115
  211
  316
  427
  546
  671
  803
  942
  1,088
  1,240
  1,660
  1,825
  1,997
  2,177
  2,363
  2,557
  2,759
  2,969
  3,188
  3,415
  3,652
  3,899
  4,156
  4,424
  4,704
  4,996
  5,301
  5,620
  5,953
  6,302

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  7,435
  8,557
  9,761
  11,046
  12,410
  13,851
  15,368
  16,959
  18,625
  20,364
  22,178
  24,066
  26,031
  28,073
  30,196
  32,403
  34,695
  37,078
  39,555
  42,131
  44,812
  47,601
  50,506
  53,533
  56,688
  59,978
  63,411
  66,995
  70,737
  74,647
Adjusted assets (=assets-cash), $m
  7,435
  8,557
  9,761
  11,046
  12,410
  13,851
  15,368
  16,959
  18,625
  20,364
  22,178
  24,066
  26,031
  28,073
  30,196
  32,403
  34,695
  37,078
  39,555
  42,131
  44,812
  47,601
  50,506
  53,533
  56,688
  59,978
  63,411
  66,995
  70,737
  74,647
Revenue / Adjusted assets
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
Average production assets, $m
  5,787
  6,660
  7,597
  8,597
  9,658
  10,780
  11,961
  13,200
  14,496
  15,850
  17,261
  18,731
  20,260
  21,850
  23,502
  25,219
  27,003
  28,858
  30,786
  32,791
  34,877
  37,048
  39,310
  41,665
  44,121
  46,682
  49,353
  52,142
  55,055
  58,098
Working capital, $m
  250
  288
  328
  372
  418
  466
  517
  571
  627
  685
  746
  810
  876
  945
  1,016
  1,090
  1,168
  1,248
  1,331
  1,418
  1,508
  1,602
  1,700
  1,802
  1,908
  2,019
  2,134
  2,255
  2,381
  2,512
Total debt, $m
  1,252
  1,537
  1,843
  2,169
  2,516
  2,882
  3,267
  3,672
  4,095
  4,536
  4,997
  5,477
  5,976
  6,494
  7,034
  7,594
  8,176
  8,782
  9,411
  10,065
  10,746
  11,455
  12,192
  12,961
  13,763
  14,598
  15,470
  16,380
  17,331
  18,324
Total liabilities, $m
  1,889
  2,173
  2,479
  2,806
  3,152
  3,518
  3,903
  4,308
  4,731
  5,173
  5,633
  6,113
  6,612
  7,131
  7,670
  8,230
  8,813
  9,418
  10,047
  10,701
  11,382
  12,091
  12,829
  13,597
  14,399
  15,234
  16,106
  17,017
  17,967
  18,960
Total equity, $m
  5,547
  6,383
  7,281
  8,240
  9,258
  10,333
  11,464
  12,652
  13,894
  15,192
  16,545
  17,953
  19,419
  20,943
  22,526
  24,172
  25,883
  27,660
  29,508
  31,430
  33,429
  35,511
  37,678
  39,936
  42,289
  44,744
  47,305
  49,978
  52,770
  55,687
Total liabilities and equity, $m
  7,436
  8,556
  9,760
  11,046
  12,410
  13,851
  15,367
  16,960
  18,625
  20,365
  22,178
  24,066
  26,031
  28,074
  30,196
  32,402
  34,696
  37,078
  39,555
  42,131
  44,811
  47,602
  50,507
  53,533
  56,688
  59,978
  63,411
  66,995
  70,737
  74,647
Debt-to-equity ratio
  0.230
  0.240
  0.250
  0.260
  0.270
  0.280
  0.280
  0.290
  0.290
  0.300
  0.300
  0.310
  0.310
  0.310
  0.310
  0.310
  0.320
  0.320
  0.320
  0.320
  0.320
  0.320
  0.320
  0.320
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
Adjusted equity ratio
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746
  0.746

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  115
  211
  316
  427
  546
  671
  803
  942
  1,088
  1,240
  1,660
  1,825
  1,997
  2,177
  2,363
  2,557
  2,759
  2,969
  3,188
  3,415
  3,652
  3,899
  4,156
  4,424
  4,704
  4,996
  5,301
  5,620
  5,953
  6,302
Depreciation, amort., depletion, $m
  936
  1,023
  1,117
  1,217
  1,323
  1,435
  1,553
  1,677
  1,807
  1,942
  1,726
  1,873
  2,026
  2,185
  2,350
  2,522
  2,700
  2,886
  3,079
  3,279
  3,488
  3,705
  3,931
  4,167
  4,412
  4,668
  4,935
  5,214
  5,506
  5,810
Funds from operations, $m
  1,051
  1,235
  1,433
  1,644
  1,869
  2,106
  2,357
  2,620
  2,895
  3,182
  3,386
  3,698
  4,023
  4,362
  4,714
  5,079
  5,460
  5,855
  6,266
  6,694
  7,140
  7,604
  8,087
  8,591
  9,116
  9,664
  10,237
  10,834
  11,459
  12,112
Change in working capital, $m
  35
  38
  41
  43
  46
  49
  51
  54
  56
  59
  61
  64
  66
  69
  71
  74
  77
  80
  83
  87
  90
  94
  98
  102
  106
  111
  116
  121
  126
  132
Cash from operations, $m
  1,016
  1,197
  1,392
  1,601
  1,823
  2,058
  2,306
  2,566
  2,839
  3,124
  3,325
  3,635
  3,957
  4,293
  4,642
  5,005
  5,383
  5,775
  6,183
  6,608
  7,050
  7,510
  7,989
  8,489
  9,010
  9,554
  10,121
  10,714
  11,333
  11,980
Maintenance CAPEX, $m
  -498
  -579
  -666
  -760
  -860
  -966
  -1,078
  -1,196
  -1,320
  -1,450
  -1,585
  -1,726
  -1,873
  -2,026
  -2,185
  -2,350
  -2,522
  -2,700
  -2,886
  -3,079
  -3,279
  -3,488
  -3,705
  -3,931
  -4,167
  -4,412
  -4,668
  -4,935
  -5,214
  -5,506
New CAPEX, $m
  -806
  -873
  -937
  -1,000
  -1,062
  -1,122
  -1,181
  -1,239
  -1,296
  -1,354
  -1,411
  -1,470
  -1,529
  -1,590
  -1,652
  -1,717
  -1,784
  -1,855
  -1,928
  -2,005
  -2,086
  -2,171
  -2,261
  -2,356
  -2,455
  -2,561
  -2,672
  -2,789
  -2,913
  -3,043
Cash from investing activities, $m
  -1,304
  -1,452
  -1,603
  -1,760
  -1,922
  -2,088
  -2,259
  -2,435
  -2,616
  -2,804
  -2,996
  -3,196
  -3,402
  -3,616
  -3,837
  -4,067
  -4,306
  -4,555
  -4,814
  -5,084
  -5,365
  -5,659
  -5,966
  -6,287
  -6,622
  -6,973
  -7,340
  -7,724
  -8,127
  -8,549
Free cash flow, $m
  -288
  -254
  -211
  -159
  -98
  -30
  47
  131
  222
  320
  328
  439
  555
  677
  805
  938
  1,076
  1,220
  1,369
  1,524
  1,684
  1,851
  2,023
  2,202
  2,388
  2,581
  2,781
  2,989
  3,206
  3,432
Issuance/(repayment) of debt, $m
  263
  285
  306
  326
  346
  366
  385
  404
  423
  442
  461
  480
  499
  519
  539
  560
  582
  605
  629
  654
  681
  709
  738
  769
  801
  836
  872
  910
  951
  993
Issuance/(repurchase) of shares, $m
  662
  625
  583
  532
  472
  404
  328
  245
  155
  58
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  925
  910
  889
  858
  818
  770
  713
  649
  578
  500
  461
  480
  499
  519
  539
  560
  582
  605
  629
  654
  681
  709
  738
  769
  801
  836
  872
  910
  951
  993
Total cash flow (excl. dividends), $m
  636
  656
  678
  699
  720
  741
  761
  781
  800
  820
  789
  918
  1,054
  1,196
  1,344
  1,498
  1,659
  1,825
  1,998
  2,178
  2,365
  2,559
  2,761
  2,971
  3,189
  3,417
  3,653
  3,900
  4,157
  4,425
Retained Cash Flow (-), $m
  -776
  -836
  -898
  -959
  -1,018
  -1,075
  -1,132
  -1,187
  -1,243
  -1,298
  -1,353
  -1,409
  -1,466
  -1,524
  -1,584
  -1,646
  -1,710
  -1,778
  -1,848
  -1,922
  -1,999
  -2,081
  -2,167
  -2,258
  -2,354
  -2,454
  -2,561
  -2,673
  -2,792
  -2,917
Prev. year cash balance distribution, $m
  127
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  88
  102
  118
  134
  152
  171
  190
  211
  233
  256
  280
  305
  331
  358
  386
  415
  445
  477
  510
  544
  579
  616
  654
  694
  736
  779
  824
  872
  921
  972
Cash available for distribution, $m
  -13
  -181
  -221
  -260
  -297
  -335
  -371
  -407
  -442
  -478
  -564
  -490
  -411
  -328
  -240
  -148
  -52
  48
  150
  256
  366
  478
  594
  713
  836
  962
  1,092
  1,226
  1,365
  1,508
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  -13
  -166
  -192
  -214
  -231
  -243
  -251
  -254
  -254
  -250
  -268
  -209
  -156
  -110
  -70
  -37
  -11
  9
  23
  33
  38
  40
  39
  36
  33
  28
  23
  19
  15
  11
Current shareholders' claim on cash, %
  93.8
  89.1
  85.4
  82.5
  80.3
  78.7
  77.5
  76.7
  76.3
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1
  76.1

Qorvo, Inc. is a provider of technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs). Its segments include Mobile Products (MP) and Infrastructure and Defense Products (IDP). The MP segment is a supplier of radio frequency (RF) solutions that perform various functions in the cellular radio front end section of smartphones and other cellular devices. The IDP segment is a supplier of RF solutions that support various global applications, including ubiquitous high-speed network connectivity to the cloud, data center communications, Internet connectivity throughout the home and workplace, and upgraded military capabilities across the globe. It operates design, sales and manufacturing facilities located throughout Asia, Europe and North America.

FINANCIAL RATIOS  of  Qorvo (QRVO)

Valuation Ratios
P/E Ratio -604
Price to Sales 3.4
Price to Book 2.1
Price to Tangible Book
Price to Cash Flow 13.2
Price to Free Cash Flow 45.8
Growth Rates
Sales Growth Rate 16.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 75%
Cap. Spend. - 3 Yr. Gr. Rate 52.1%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 20.2%
Total Debt to Equity 20.2%
Interest Coverage 1
Management Effectiveness
Return On Assets -0.9%
Ret/ On Assets - 3 Yr. Avg. 1.3%
Return On Total Capital -0.3%
Ret/ On T. Cap. - 3 Yr. Avg. 1.6%
Return On Equity -0.3%
Return On Equity - 3 Yr. Avg. 1.6%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 37.5%
Gross Margin - 3 Yr. Avg. 39.3%
EBITDA Margin 26.5%
EBITDA Margin - 3 Yr. Avg. 24%
Operating Margin 2.9%
Oper. Margin - 3 Yr. Avg. 3.5%
Pre-Tax Margin 0.9%
Pre-Tax Margin - 3 Yr. Avg. 2.6%
Net Profit Margin -0.6%
Net Profit Margin - 3 Yr. Avg. 3.3%
Effective Tax Rate 163%
Eff/ Tax Rate - 3 Yr. Avg. -255.2%
Payout Ratio 0%

QRVO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the QRVO stock intrinsic value calculation we used $3033 million for the last fiscal year's total revenue generated by Qorvo. The default revenue input number comes from 2017 income statement of Qorvo. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our QRVO stock valuation model: a) initial revenue growth rate of 16.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for QRVO is calculated based on our internal credit rating of Qorvo, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Qorvo.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of QRVO stock the variable cost ratio is equal to 81.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $469 million in the base year in the intrinsic value calculation for QRVO stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 6% for Qorvo.

Corporate tax rate of 27% is the nominal tax rate for Qorvo. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the QRVO stock is equal to 2.9%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for QRVO are equal to 164.2%.

Life of production assets of 10 years is the average useful life of capital assets used in Qorvo operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for QRVO is equal to 7.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $4897 million for Qorvo - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 127 million for Qorvo is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Qorvo at the current share price and the inputted number of shares is $10.3 billion.

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COMPANY NEWS

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▶ Is It Time To Buy Qorvo Inc (NASDAQ:QRVO)?   [Jun-25-18 01:23PM  Simply Wall St.]
▶ Which U.S. Stocks Lose in a Trade War With China?   [Jun-21-18 03:01PM  InvestorPlace]
▶ 3 Sectors to Sell Short in a Trade War   [Jun-20-18 09:44AM  Investopedia]
▶ Bear of the Day: Qorvo (QRVO)   [06:00AM  Zacks]
▶ Qorvo Announces Paul J. Fego to Head Global Operations   [Jun-18-18 05:30PM  GlobeNewswire]
▶ Qorvo Announces Cash Tender Offers for Senior Notes   [Jun-15-18 08:51PM  GlobeNewswire]
▶ 5 Big Movers in the Blitz   [Jun-14-18 01:50PM  CNBC Videos]
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▶ 5 Tech Stock Winners From China Trade Truce   [May-22-18 01:30PM  Investopedia]
▶ Qorvo Investors Shouldnt Miss the Big Picture   [May-21-18 07:39PM  Motley Fool]
▶ Qorvo: Fiscal 4Q Earnings Snapshot   [05:28PM  Associated Press]
▶ Apple Stocks   [05:00PM  Yahoo Finance Video]
▶ Qorvo's Earnings Preview   [07:27AM  Benzinga]
▶ Apple iPhone Chip Suppliers Get Price-Target Cuts Amid Production Shifts   [Apr-24-18 04:44PM  Investor's Business Daily]
▶ Analyst: 5 Headwinds Facing Skyworks Solutions   [Apr-23-18 11:25AM  Benzinga]
▶ Edited Transcript of QRVO presentation 7-Mar-17 3:25pm GMT   [Apr-10-18 11:16AM  Thomson Reuters StreetEvents]
▶ Is Qorvo Inc (NASDAQ:QRVO) A Financially Strong Company?   [Apr-01-18 01:19PM  Simply Wall St.]
▶ These 2 Tech Stocks Can Make a Big Comeback This Year   [Mar-02-18 05:32PM  Motley Fool]
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▶ Qorvo® Enables Rapid Deployment of Narrowband IoT   [Feb-28-18 01:00AM  GlobeNewswire]
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