Report
Brian Colello
EUR 100.00 For Business Accounts Only

Qorvo is one of the most diversified 4G and 5G RF chipmakers.

Qorvo reported strong fiscal first-quarter earnings that exceeded our internal estimates and management's guidance, while the firm's second-quarter guidance was relatively in line with our expectations. Qorvo once again touted its expectations for rising content in Apple's next iPhone generation, while the firm appears to be in a decent early position in supporting 5G wireless infrastructure. We will raise our fair value estimate for no-moat Qorvo to $87 from $83. Shares strike us as slightly un...
Underlying
Qorvo Inc.

Qorvo is a holding company. Through its subsidiaries, the company designs, develops, manufactures and markets its products to U.S. and international original equipment manufacturers and original design manufacturers in two operating segments: Mobile Products, which is a supplier of cellular radio frequency (RF) and Wi-Fi solutions for mobile devices, including smartphones, wearables, laptops, tablets and cellular-based applications for the Internet of Things (IoT); and Infrastructure and Defense Products, which is a supplier of RF and system-on-a-chip solutions for cellular base stations and other wireless communications infrastructure, defense, smart home, automotive and other IoT applications.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Colello

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