The company is gaining from content growth in mobile devices, which has been prompted by higher radio-frequency complexity, the Fly reports.
The Greensboro, NC-based company provides technologies and radio frequency solutions for mobile, infrastructure, defense and aerospace applications.
Shares of Qorvo were higher at the start of trading today.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance.
But the team also finds weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: QRVO