Business: Qorvo is a global supplier of semiconductor solutions. The company operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG) and Advanced Cellular Group (ACG). The HPA segment is a global supplier of radio frequency (RF), analog mixed signal and power management solutions. The CSG segment is a global supplier of connectivity and sensor solutions. The ACG segment is a global supplier of cellular RF solutions for smartphones, wearables, laptops, tablets and ...

Core Viewpoint - Qorvo, Inc. is expected to report a decline in revenue year-over-year for the upcoming quarter, primarily due to weakness in its Advance Cellular Group segment, despite recent product innovations and partnerships that may enhance its market position [2][5]. Group 1: Financial Performance Expectations - Qorvo is set to report third-quarter fiscal 2025 results on January 28, with a consensus estimate for total revenues at $901.32 million, indicating a 16.1% year-over-year decline [8]. - The High-Performance Analog segment is projected to generate net sales of $168.13 million, an increase from $118.9 million in the same quarter last year [6]. - Revenues from the Advance Cellular Group are expected to be $611.17 million, down from $846.1 million reported in the year-ago quarter due to seasonal dynamics [6]. Group 2: Product Developments and Market Position - Qorvo introduced its automotive-qualified QPF5100Q Ultra-Wideband System-on-Chip solution, aimed at meeting the growing demand for UWB technology in the automotive sector, which is currently undergoing Design Verification Testing with leading manufacturers [3]. - MediaTek has chosen to deploy Qorvo's Wi-Fi 7 front-end modules, which are expected to enhance performance and efficiency in mobile devices, likely boosting revenues in the Connectivity and Sensors Group segment [4][7]. Group 3: Competitive Landscape - The competitive landscape for Qorvo is becoming increasingly complex, with low barriers to entry leading to heightened competition and pricing pressure, which may impact top-line growth [5].

Wall Street analysts expect Qorvo (QRVO) to post quarterly earnings of $1.20 per share in its upcoming report, which indicates a year-over-year decline of 42.9%. Revenues are expected to be $901.32 million, down 16.1% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announces its earnings, it is essent ...

Morgan Stanley analyst Joseph Moore upgraded Qorvo, Inc. QRVO to Overweight from Equal-Weight, raising the price forecast to $106 from $90.Moore notes that he has seen value in Qorvo stock and attempted to capture it through upgrades, but the results have been only modest.The analyst also highlighted challenges in the radio frequency space, particularly with pressure on the Chinese business, which increases concentration in other areas.Per Moore, while the radio frequency market served by high-performance c ...

Qorvo (QRVO) shares ended the last trading session 14.4% higher at $84.21. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7% gain over the past four weeks.Qorvo is well-positioned to win some of the industry's highest growth opportunities by leveraging its diversified product portfolio, systems-level expertise, R&D and manufacturing scale and internal assembly and test capabilities. The company’s automotive-qualif ...

Stock Performance and Activist Investor Impact - Qorvo's shares rallied 13 4% on Friday as of 1 55 p m ET driven by news of an activist investor taking a sizable stake in the company [1] - The stock had declined approximately 29% over the past year prior to this rally [1] - Activist investing firm Starboard Value Partners acquired a 7 29 million share stake in Qorvo representing 7 7% of the company's total shares outstanding and valued at around $500 million [2] Company Overview and Market Segments - Qorvo specializes in radio frequency chips for smartphones and tablets with its largest customer Apple accounting for over one-third of its revenue [3] - The company operates in three segments advanced cellular connectivity and sensors (CSG) and high performance analog (HPA) [3] - CSG serves consumer and Industrial Internet of Things markets while HPA focuses on aerospace defense and cellular infrastructure markets [3] - Qorvo also provides in-house foundry services to U S government defense and aerospace customers [3] Industry Challenges and Recent Performance - Qorvo's stock decline over the past year was attributed to weak smartphone sales as Chinese consumers shifted to lower-cost Android phones amid economic challenges [4] - The company also faced a severe downturn in the industrial chips market [4] Activist Investor Track Record - Starboard Value Partners has a history of successful investments in semiconductor companies including Nvidia Marvell Technology and On Semiconductor [5] - Starboard played a role in appointing CEOs at Marvell and On Semiconductor both of whom remain in their positions and have driven significant stock price increases [5] Potential Strategic Changes - Starboard's involvement in Qorvo could lead to strategic shifts or leadership changes similar to its past interventions in other semiconductor companies [6] - While Qorvo is not as well-positioned as some other chip companies Starboard's track record suggests potential for a turnaround [6]

Key TakeawaysQorvo shares jumped 11% Friday when hedge fund Starboard Value made a significant investment in the maker of radio frequency and power semiconductors.A regulatory filing shows Starboard owns 7.29 million shares, which equates to a value of more than half a billion dollars.Qorvo warned in October its business was being negatively impacted by changing cellphone demand. Qorvo (QRVO) shares jumped 11% Friday when hedge fund Starboard Value made a significant investment in the maker of radio frequen ...

GREENSBORO, N.C., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 third quarter financial results on Tuesday, January 28, 2025, at 4:30 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under “Events & Presentations”). A telephone playback of the conference call will be available approximately two h ...

Qorvo, Inc. (QRVO) recently announced that its automotive-qualified QPF5100Q Ultra-Wideband (UWB) System-on-Chip (SoC) solution is currently being sampled at key customers. The SoC solution is designed to address the growing demand within the automotive industry for highly accurate and reliable UWB technology, particularly for applications such as secure keyless entry, Digital Key and UWB radar functionalities like child presence detection and motion sensing. Key Takeaways of QRVO’s Latest Product Line  Bui ...

GREENSBORO, N.C., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that its QPF5100Q Ultra-Wideband (UWB) System-on-Chip (SoC) is automotive-qualified and sampling with key customers. This breakthrough SoC addresses automotive industry demands for highly accurate, reliable UWB technology in applications such as secure keyless entry and Digital Key, as well as UWB radar applications like child presence detection and motion ...