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Is this Large Market Cap Stock target price reasonable for Qorvo, Inc. (NASDAQ:QRVO)?

The company in question is, Qorvo, Inc. (NASDAQ:QRVO) currently with a stock price of 53.3 (0.74% today). The market cap for Qorvo, Inc. is 6748.19, and is in the sector Technology, and Semiconductor – Broad Line industry. The target price for Qorvo, Inc. is 63.4. Currently Qorvo, Inc. is trading with a P/E of *TBA, and a forward P/E of 8.98. Average volume for Qorvo, Inc. is 1779.98 and so far today it is 472995.

Performance in the last year for Qorvo, Inc. has been 13.78%. For EPS growth, Qorvo, Inc. has seen a growth of -109.60%, and is looking to grow in the next year to 15.60%. More long term stats show that EPS growth has been -16.20% over the last five years and could be 13.04% for the next five years. Qorvo, Inc. has seen sales growth quarter over quarter at 3.70%, with EPS growth quarter over quarter at -437.60%. The 20-day simple moving average is -3.84%, with the 200-day simple moving average coming to 5.72%.

Since the IPO date for Qorvo, Inc. on the 01/02/2015, Qorvo, Inc. has seen performance year to date to be 3.95%. With Qorvo, Inc. trading at 53.3, the dividend yield is *TBA, and the EPS is -0.28.

So could Qorvo, Inc., be undervalued? Well as said before P/E is *TBA. The PEG is *TBA, P/S is 2.56 and the P/B is at 1.34. The P/cash is 15.1, with P/free cash flow at 27.08.

Qorvo, Inc. ability to deal with debt shows that the current ratio is 3.5, and the quick ratio is 2.4. This is with long term debt/equity at 0.2, and total debt/equity at 0.2.

In terms of margins, Qorvo, Inc. has a gross margin of 39.70%, an operating margin of 0.70% and a profit margin of -1.40%.Payout ratio for Qorvo, Inc. is *TBA. Return on assets come to -0.50% with return on investment coming to -0.20%.

Insider ownership for Qorvo, Inc., is at 0.60% and institutional ownership comes to 93.40%. Outstanding shares are at 127.54. While shares float is 127.31. The float short is currently 6.86%, and short ratio is 4.91.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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