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Qorvo, Inc. (QRVO) 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.
The MP segment offers RF front end modules that combine high-performance filters, power amplifiers (PA), low noise amplifiers and switches, PA modules, transmit modules, antenna control solutions, antenna switch modules, diversity receive modules, and envelope tracking power management devices. This segment supplies its RF solutions into mobile devices, including smartphones, notebook computers, wearables, tablets, and cellular-based applications for the Internet of things.
The IDP segment provides high power gallium arsenide, gallium nitride power amplifiers, low noise amplifiers, switches, radio frequency filter solutions, CMOS system-on-a-chip solutions, fixed frequency and voltage-controlled oscillators, filters, attenuators, modulators, driver and transimpedance amplifiers, and various multichip and hybrid assemblies. This segment supplies its RF solutions to wireless network infrastructure, defense, and aerospace markets; and connectivity applications for commercial, consumer, industrial, and automotive markets.
The company sells its products directly to customers, as well as through a network of domestic and foreign sales representative firms and distributors to original equipment manufacturers and original design manufacturers.
The company report its results tonight after the close. Ahead of that, shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. The company's chips are used in Apple iPhones, iPads and computers. Apple's strong result of last night should bode well for this stock.
52-Weeks Trading Range: $33.30 - $64.80
Entry Point: $64.80
Stop Loss: $61.50
Target Price: $71.28
QRVO closed at $68.00
