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Qorvo (QRVO) Competitors

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$70.95 +0.65 (+0.92%)
(As of 12/17/2024 05:46 PM ET)

QRVO vs. NOK, GFS, HUBB, STM, ASX, UI, ALAB, UMC, FLEX, and CRDO

Should you be buying Qorvo stock or one of its competitors? The main competitors of Qorvo include Nokia Oyj (NOK), GlobalFoundries (GFS), Hubbell (HUBB), STMicroelectronics (STM), ASE Technology (ASX), Ubiquiti (UI), Astera Labs (ALAB), United Microelectronics (UMC), Flex (FLEX), and Credo Technology Group (CRDO). These companies are all part of the "electronic equipment" industry.

Qorvo vs.

Nokia Oyj (NYSE:NOK) and Qorvo (NASDAQ:QRVO) are both computer and technology companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, risk, valuation, earnings, community ranking, institutional ownership, analyst recommendations, profitability and media sentiment.

Nokia Oyj has higher revenue and earnings than Qorvo. Qorvo is trading at a lower price-to-earnings ratio than Nokia Oyj, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Nokia Oyj$24.09B1.01$719.73M$0.0856.00
Qorvo$3.95B1.70-$70.32M-$1.46-48.60

In the previous week, Qorvo had 1 more articles in the media than Nokia Oyj. MarketBeat recorded 16 mentions for Qorvo and 15 mentions for Nokia Oyj. Qorvo's average media sentiment score of 0.99 beat Nokia Oyj's score of 0.15 indicating that Qorvo is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Nokia Oyj
1 Very Positive mention(s)
1 Positive mention(s)
13 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Qorvo
10 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Nokia Oyj presently has a consensus target price of $5.42, indicating a potential upside of 20.91%. Qorvo has a consensus target price of $102.88, indicating a potential upside of 45.01%. Given Qorvo's higher possible upside, analysts plainly believe Qorvo is more favorable than Nokia Oyj.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nokia Oyj
1 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.57
Qorvo
2 Sell rating(s)
13 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.00

5.3% of Nokia Oyj shares are held by institutional investors. Comparatively, 88.6% of Qorvo shares are held by institutional investors. 0.5% of Qorvo shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Nokia Oyj has a net margin of 2.18% compared to Qorvo's net margin of -3.58%. Qorvo's return on equity of 13.81% beat Nokia Oyj's return on equity.

Company Net Margins Return on Equity Return on Assets
Nokia Oyj2.18% 8.32% 4.44%
Qorvo -3.58%13.81%7.43%

Nokia Oyj received 170 more outperform votes than Qorvo when rated by MarketBeat users. However, 65.34% of users gave Qorvo an outperform vote while only 61.13% of users gave Nokia Oyj an outperform vote.

CompanyUnderperformOutperform
Nokia OyjOutperform Votes
994
61.13%
Underperform Votes
632
38.87%
QorvoOutperform Votes
824
65.34%
Underperform Votes
437
34.66%

Nokia Oyj has a beta of 1.08, indicating that its stock price is 8% more volatile than the S&P 500. Comparatively, Qorvo has a beta of 1.42, indicating that its stock price is 42% more volatile than the S&P 500.

Summary

Qorvo beats Nokia Oyj on 10 of the 19 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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QRVO vs. The Competition

MetricQorvoSemiconductors & related devices IndustryComputer SectorNASDAQ Exchange
Market Cap$6.71B$61.83B$25.33B$9.32B
Dividend YieldN/A2.07%2.72%4.06%
P/E Ratio-48.6040.38254.2217.54
Price / Sales1.7024.722,943.32139.66
Price / Cash8.2925.4634.5737.95
Price / Book1.937.468.134.92
Net Income-$70.32M$983.89M$669.89M$225.78M
7 Day Performance2.74%2.38%-0.21%-1.56%
1 Month Performance6.98%17.77%10.10%6.68%
1 Year Performance-36.60%13.09%25.60%22.48%

Qorvo Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
QRVO
Qorvo
4.7457 of 5 stars
$70.95
+0.9%
$102.88
+45.0%
-36.8%$6.71B$3.95B-48.608,700Analyst Downgrade
NOK
Nokia Oyj
3.6221 of 5 stars
$4.48
flat
$5.42
+20.9%
+37.4%$24.43B$19.77B56.0086,689
GFS
GlobalFoundries
3.5213 of 5 stars
$44.23
+0.8%
$50.21
+13.5%
-25.3%$24.40B$6.77B32.7512,000Short Interest ↑
HUBB
Hubbell
3.6532 of 5 stars
$451.96
-0.4%
$472.13
+4.5%
+35.0%$24.26B$5.37B32.6818,317
STM
STMicroelectronics
3.8399 of 5 stars
$25.63
-2.5%
$36.26
+41.5%
-48.7%$23.15B$17.29B10.5651,323Gap Down
ASX
ASE Technology
4.7713 of 5 stars
$10.32
+1.6%
N/A+10.4%$22.65B$593.73B22.5892,894Positive News
UI
Ubiquiti
2.7221 of 5 stars
$351.63
+2.0%
$310.50
-11.7%
+149.7%$21.26B$1.93B53.391,515Analyst Revision
Positive News
ALAB
Astera Labs
2.8177 of 5 stars
$131.28
-0.7%
$94.67
-27.9%
N/A$20.82B$305.71M0.00225
UMC
United Microelectronics
3.0619 of 5 stars
$6.40
+0.2%
$7.40
+15.6%
-19.7%$16.04B$7.25B9.8319,833Positive News
FLEX
Flex
3.4278 of 5 stars
$38.14
-0.6%
$42.67
+11.9%
+29.5%$14.79B$25.45B16.98148,000
CRDO
Credo Technology Group
3.1793 of 5 stars
$75.77
-0.2%
$67.33
-11.1%
+259.9%$12.67B$245.59M-518.47500Analyst Forecast
Positive News

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This page (NASDAQ:QRVO) was last updated on 12/18/2024 by MarketBeat.com Staff
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