Qorvo, Inc. (QRVO)
Qorvo, Inc. provides semiconductor solutions for RF and power. The firm combines product and technology leadership, systems-level expertise, and global manufacturing scale to quickly solve its customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including consumer electronics, smart home/IoT, automotive, EVs, battery-powered appliances, network infrastructure, healthcare, and aerospace/defense. It operates through the following segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies RF and power management solutions for infrastructure, defense and aerospace, automotive power, and other markets. The CSG segment supplies connectivity and sensor components and systems featuring multiple technologies such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT and MEMS-/BAW-based sensors. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. The company was formed following the merger of RF Micro Devices, founded in 2015, and TriQuint Semiconductor, incorporated in 1981. It is headquartered in Greensboro, NC.
Address
7628 THORNDIKE ROAD
GREENSBORO, NC 27409
Founded
2013
Number of Employees
8,700
Website
http://www.qorvo.com
Buyback
| Buyback Data | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $ Amount Purchased ($ in 000s ) |
- | $50,251 | $159 | $169 | $339 | $390 | $340 | $1,000 | $1,039 | $465 | $210 | $5,436 |
| Average Price | - | $82.88 | $54.72 | $73.01 | $72.86 | $76.42 | $129.20 | $170.87 | $107.76 | $99.08 | $105.40 | $84.14 |
| # Shares Purchased | - | 606,293 | 2,897 | 2,314 | 4,648 | 5,104 | 2,632 | 5,855 | 9,638 | 4,690 | 1,995 | 64,607 |
| Buyback Performance | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Return to Date | - | 29.1% | 95.6% | 46.6% | 46.9% | 40.0% | -17.2% | -37.4% | -0.7% | 8.0% | 1.5% | 27.2% |
| S&P 500 Return to Date | - | 173.0% | 168.6% | 129.7% | 104.9% | 93.1% | 74.8% | 31.7% | 37.3% | 31.3% | 7.4% | 85.2% |
| Excess Total Return | - | -143.9% | -73.0% | -83.2% | -58.0% | -53.1% | -92.0% | -69.0% | -38.0% | -23.3% | -5.9% | -58.0% |
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| Percentile Rank | - | 42% | 58% | 54% | 57% | 55% | 20% | 20% | 45% | 47% | 43% | 60% |
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