April 10, 2017: Sell Qorvo for a 27% win and congrats if you made money on the trade.
February 1, 2017: Qorvo reports Q3 EPS of $1.35 versus the $1.25 estimate. Revenue also beat coming in at $826.3 million versus $820 million estimate.
But wait, there’s more!
The CEO said, “In the March quarter, we’re forecasting a greater than historical sequential decline as two of our leading customers in China and a tier-one customer in Korea delay flagship smartphone launches. In fiscal year 2018, we expect double-digit revenue growth, driven by continued broad-based growth in IDP and increasing demand for our mobile products, including multiplexers, diversity receive modules, WiFi, RF Fusion, and RF Flex. We are also forecasting year-over-year content gains in marquee smartphones, driven by low-band PADs, envelope trackers and tuners.”
It’s hard to get too excited about Qorvo with that type of forecast imo.
December 15, 2016: Hearing vague takeover rumors circulating about Qorvo. Can not find the source of the rumors. No specifics were given in the rumor. Qorvo has a market cap of $7 billion so not very many companies that could afford to buy. With such a big market cap, I think it would be hard to keep a deal this size quiet for long.
Qorvo Stock Chart
The Finviz screener settings used to find Qorvo are: Sector Technology, Forward P/E Under 10, Sales growth past 5 years Over 15%, EPS growth qtr over qtr Over 30%
Qorvo is a leading provider of core technologies and RF solutions for mobile, infrastructure and aerospace/defense applications.