Trade-Ideas LLC identified

Qorvo

(

QRVO

) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Qorvo as such a stock due to the following factors:

  • QRVO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $79.2 million.
  • QRVO is up 2.7% today from today's close.

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More details on QRVO:

Qorvo, Inc. provides technologies and radio frequency (RF) solutions for mobile, infrastructure, and defense and aerospace applications worldwide. It operates through Mobile Products (MP) and Infrastructure and Defense Products (IDP) segments. Currently there are 13 analysts that rate Qorvo a buy, 1 analyst rates it a sell, and 5 rate it a hold.

The average volume for Qorvo has been 1.5 million shares per day over the past 30 days. Qorvo has a market cap of $7.7 billion and is part of the technology sector and electronics industry. Shares are up 19.1% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Qorvo as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:

  • QRVO's debt-to-equity ratio is very low at 0.20 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 2.61, which clearly demonstrates the ability to cover short-term cash needs.
  • Net operating cash flow has increased to $159.69 million or 15.28% when compared to the same quarter last year. In addition, QORVO INC has also vastly surpassed the industry average cash flow growth rate of -59.36%.
  • The gross profit margin for QORVO INC is rather high; currently it is at 67.76%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -3.98% is in-line with the industry average.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income has significantly decreased by 473.4% when compared to the same quarter one year ago, falling from $6.48 million to -$24.20 million.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, QORVO INC's return on equity significantly trails that of both the industry average and the S&P 500.

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