最新ニュース Qorvo (NASDAQ:QRVO) 株価情報

Qorvo

Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.

Qorvo Inc

Skye Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYE#NASDAQ">SKYE</a>) reported quarterly losses of $(0.10) per share which beat the analyst consensus estimate of $(0.23) by 56.52 percent. This is a 96.85 percent increase over losses of $(3.17) per share from the same period last year.

Earnings

Earnings Beats

News

SKYE

Skye Bioscience Q3 2024 GAAP EPS $(0.10) Beats $(0.23) Estimate

Victory Capital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCTR#NASDAQ">VCTR</a>) reported quarterly earnings of $1.35 per share which beat the analyst consensus estimate of $1.30 by 3.85 percent. The company reported quarterly sales of $225.60 million which beat the analyst consensus estimate of $224.31 million by 0.58 percent. This is a 7.59 percent increase over sales of $209.69 million the same period last year.

VCTR

Victory Capital Holdings Q3 2024 Adj EPS $1.35 Beats $1.30 Estimate, Sales $225.60M Beat $224.31M Estimate

Consensus Cloud Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCSI#NASDAQ">CCSI</a>) reported quarterly earnings of $1.31 per share which beat the analyst consensus estimate of $1.29 by 1.55 percent. The company reported quarterly sales of $87.753 million which beat the analyst consensus estimate of $85.332 million by 2.84 percent. This is a 3.10 percent decrease over sales of $90.562 million the same period last year.

CCSI

Consensus Cloud Solutions Q3 2024 Adj. EPS $1.31 Beats $1.29 Estimate, Sales $87.753M Beat $85.332M Estimate

Q4 2024 Financial Outlook
For the fourth quarter of 2024, we expect total revenue to be in the range of $72 million to $76 million, of which approximately $11 million is expected to be tools revenue. We expect GAAP diluted EPS to be in the range of $(0.12) to $(0.06) and non-GAAP diluted EPS to be in the range of $(0.10) to $(0.04).
This outlook for non-GAAP diluted EPS excludes anticipated equity-based compensation expense of approximately $2.0 million. Non-GAAP diluted EPS should be considered in addition to, but not as a substitute for, our financial information presented in accordance with GAAP.

Guidance

SKYT

SkyWater Technology Sees Q4 EPS $(0.10) - $(0.04) Vs $(0.03) Est.; Revenue $72M-$76M Vs $79.97M Est.

Airbnb Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) reported third-quarter financial results Thursday after the bell. Here&#8217;s a <a href="https://www.benzinga.com/pressreleases/24/11/n41823683/airbnb-announces-third-quarter-2024-results">rundown of the report</a>.
Q3 Earnings: Airbnb reported third-quarter revenue of $3.70 billion, missing the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $3.72 billion. The company reported third-quarter earnings of $2.13 per share, missing analyst estimates of $2.16 per share, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Total revenue was up 10% year-over-year. Gross booking value totaled $20.1 billion, up 10% year-over-year. Nights and Experiences booked came in at $122.8 million, up 8% year-over-year.
Airbnb said it generated $1.1 billion of free cash flow during the quarter. The company ended the quarter with $11.3 billion in cash, cash equivalents, short-term investments and&nbsp;restricted cash.
&#8220;Airbnb had a strong Q3. Nights and Experiences Booked accelerated throughout the quarter and into Q4, despite a softer start due to shorter booking lead times compared to 2023,&#8221; the company said in a letter to shareholders.
&#8220;Building on robust momentum in September, we are off to a great start in fourth quarter 2024. We are seeing strong demand trends in Q4 2024 across core and expansion markets for both long and short lead times.&#8221;
Check This Out: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41820744/9-stocks-to-watch-financial-sector-outshines-tech-in-2024-as-trump-trade-sparks-m-a">9 Stocks To Watch: Financial Sector Outshines Tech In 2024 As &#8216;Trump Trade&#8217; Sparks M&amp;A Optimism</a>
Outlook:&nbsp;Airbnb expects fourth-quarter revenue to be in the range of $2.39 billion to $2.44 billion. The company expects Nights and Experiences booked in the fourth quarter to be higher than in the third quarter. 
Airbnb anticipates full-year 2024 adjusted EBITDA margin of approximately 35.5% The company expects full-year free cash margin to be &#8220;several points above&#8221; adjusted EBITDA margins.
Airbnb executives will discuss the company&#8217;s quarterly results on a call with analysts and investors at 4:30 p.m. ET.
ABNB Price Action: <a href="https://www.benzinga.com/quote/ABNB" target="_blank" rel="noreferrer noopener">Airbnb shares</a> were down 2.08% in after-hours, trading at $142.50 at the time of publication Thursday, according to <a href="http://pro.benzinga.com" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41820253/fed-cuts-interest-rates-to-lowest-since-february-2023-sticks-to-data-driven-path"> • Fed Cuts Interest Rates To Lowest Since February 2023, Sticks To Data-Driven Path (CORRECTED)</a>
Photo: Shutterstock.
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Travel

After-Hours Center

Movers

General

ABNB

Airbnb Stock Down On Q3 Earnings: 'Building On Robust Momentum In September, We Are Off To A Great Start In Q4'

Collegium Pharmaceutical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLL#NASDAQ">COLL</a>) reported quarterly earnings of $1.61 per share which beat the analyst consensus estimate of $1.59 by 1.26 percent. This is a 20.15 percent increase over earnings of $1.34 per share from the same period last year. The company reported quarterly sales of $159.30 million which beat the analyst consensus estimate of $155.57 million by 2.40 percent. This is a 16.53 percent increase over sales of $136.71 million the same period last year.

COLL

Collegium Pharmaceutical Q3 Adj $1.61 Beats $1.59 Estimate, Sales $159.30M Beat $155.57M Estimate

Cutera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CUTR#NASDAQ">CUTR</a>) affirms FY2024 sales outlook from $140.00 million-145.00 million to $140.00 million-145.00 million.

CUTR

Cutera Affirms FY2024 Sales Guidance to $140.00M-145.00M  VS Est.141.53M

Porch Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCH#NASDAQ">PRCH</a>) lowers FY2024 sales outlook from $450.00 million-470.00 million to $440.00 million-455.00 million.

PRCH

Porch Group Lowers FY2024 Sales Guidance from $450.00M-470.00M to $440.00M-455.00M

BILL

BILL Holding Sees FY25 Adj. EPS $1.65-$1.83 Vs $1.55 Est.; $1.439B-$1.464B Vs $1.437B

Research Frontiers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REFR#NASDAQ">REFR</a>) reported $354.41 thousand in sales this quarter. This is a 115.91 percent increase over sales of $164.15 thousand the same period last year.

REFR

Research Frontiers Q3 Sales $354.41K Up From $164.15K YoY

BILL Holding Sees Q2 Adj. EPS $0.44-$0.48; Revenue $355.5M-$360.5M

ProAssurance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRA#NYSE">PRA</a>) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.14 by 142.86 percent. The company reported quarterly sales of $285.25 million which missed the analyst consensus estimate of $316.34 million by 9.83 percent. This is a 17.67 percent increase over sales of $242.42 million the same period last year.

Earnings Misses

ProAssurance Q3 2024 Adj EPS $0.34 Beats $0.14 Estimate, Sales $285.25M Miss $316.34M Estimate

Brilliant Earth Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRLT#NASDAQ">BRLT</a>) affirms FY2024 sales outlook from $410.00 million-425.00 million to $410.00 million-425.00 million.

BRLT

Brilliant Earth Group Affirms FY2024 Sales Guidance from $410.00M-425.00M to $410.00M-425.00M

Mettler-Toledo Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTD#NYSE">MTD</a>) reported quarterly earnings of $10.21 per share which beat the analyst consensus estimate of $10.01 by 2 percent. The company reported quarterly sales of $954.53 million which beat the analyst consensus estimate of $944.74 million by 1.04 percent. This is a 1.28 percent increase over sales of $942.46 million the same period last year.

Mettler-Toledo Intl Q3 2024 Adj EPS $10.21 Beats $10.01 Estimate, Sales $954.53M Beat $944.74M Estimate

Consensus Cloud Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCSI#NASDAQ">CCSI</a>) affirms FY2024 Adj EPS guidance from $5.45-5.55 to $5.45-5.55 vs $5.50 analyst estimate. Narrows FY2024 sales outlook from $338.00 million-353.00 million to $346.00 million-350.00 million vs $344.10 million estimate.

Consensus Cloud Solns Affirms FY2024 Adj EPS Guidance from $5.45-5.55 to $5.45-5.55 vs $5.50 Est; Narrows FY2024 Sales Guidance from $338.00M-353.00M to $346.00M-350.00M vs $344.10M Est

Outlook2
For the fourth quarter ending December 31, 2024, Toast expects to report:
<ul>
<li>Non-GAAP subscription services and financial technology solutions gross profit in the range of $370 million to $380 million (32-35% growth compared to Q4 2023)</li>
<li>Adjusted EBITDA in the range of $90 million to $100 million</li>
</ul>
For the full year ending December 31, 2024, Toast expects to report:
<ul>
<li>Non-GAAP subscription services and financial technology solutions gross profit in the range of $1,395 million to $1,405 million (32-33% growth compared to 2023, up from 27-29% growth)</li>
<li>Adjusted EBITDA in the range of $352 million to $362 million (up from $285 million to $305 million)</li>
</ul>
The outlook provided above constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of risks. See cautionary note regarding "Forward-looking Statements" in this press release.

TOST

Toast Sees Q4 Non-GAAP Subscription Services And Financial Technology Solutions Gross Profit In The Range Of $370M-$380M; FY24 Non-GAAP Subscription Services And Financial Technology Solutions Gross Profit In The Range Of $1.395B-$1.405B

Allogene Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLO#NASDAQ">ALLO</a>) reported quarterly losses of $(0.32) per share which beat the analyst consensus estimate of $(0.33) by 3.03 percent.

ALLO

Allogene Therapeutics Q3 2024 GAAP EPS $(0.32) Beats $(0.33) Estimate

Green Thumb Industries (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTC">GTBIF</a>) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.06 by 33.33 percent. This is a 20 percent decrease over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $286.87 million which beat the analyst consensus estimate of $282.56 million by 1.52 percent. This is a 4.16 percent increase over sales of $275.40 million the same period last year.

GTBIF

Green Thumb Industries Q3 EPS $0.04 Misses $0.06 Estimate, Sales $286.87M Beat $282.56M Estimate

NV5 Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVEE#NASDAQ">NVEE</a>) lowers FY2024 Adj EPS guidance from $5.13-5.20 to $1.15-1.19 vs $1.29 analyst estimate. Lowers FY2024 sales outlook from $944.00 million-950.00 million to $939.00 million-943.00 million vs $946.02 million estimate.

NVEE

NV5 Global provides FY2024 guidance: Gross revenues $939M-$943M (est. 946.02M); GAAP EPS $0.48-$0.54 (est. 0.67); Adj. EPS $1.15-$1.19 (adjusted for 4-1 stock split) vs (est. 1.29)

Consensus Cloud Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCSI#NASDAQ">CCSI</a>) is looking for Q4 Adj EPS of $1.14-1.24 vs $1.21 analyst estimate. sees sales of $83.000 million-87.000 million vs $83.26 million estimate.

Consensus Cloud Solns Sees Q4 Adj EPS $1.14-1.24 vs $1.21 Est; Sees Sales $83.000M-87.000M vs $83.26M Est

Joseph Moore, an analyst from Morgan Stanley, maintained the Hold rating on Qorvo (QRVO – Research Report). The associated price target was lowered...

Qorvo Faces Strategic Challenges Amid Shifting Smartphone Market Dynamics

October is drawing to a close, and now is an opportune time to look at which stocks performed best and worst during the month. Overall, October was...

From Salesforce (CRM) to Super Micro Computer: October's Best and Worst Performing Stocks

The semiconductor industry is experiencing significant growth, driven by the rising demand for gadgets fueled by innovative and cutting-edge technology advancements. This creates an opportunity for investors to focus on semiconductor stocks Taiwan Semiconductor (TSM), Photronics (PLAB), and Qorvo (QRVO) to leverage the sector's growth potential. Read on… The semiconductor industry is thriving, driven by technological advancements and the rising demand for gadgets that rely on chips. With AI-driven features and innovative enhancements integrated into smartphones, computers, and appliances, semiconductors have become a crucial part of daily life, accelerating their demand across industries.
Amid this surge, investors could consider keeping an eye on fundamentally sound semiconductor stocks such as Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>), Photronics, Inc. (<a href="https://stocknews.com/stock/PLAB/">PLAB</a>), and Qorvo, Inc. (<a href="https://stocknews.com/stock/QRVO/">QRVO</a>). These companies are poised to benefit from the rapid growth in semiconductor demand.
Key innovations in AI, machine learning, 5G networks, big data, and electric vehicles have boosted the demand for semiconductor chips. With frequent groundbreaking innovations in gadgets that utilize these chips, both the average consumer and tech enthusiasts are increasingly drawn to these products, driving further demand.
According to a study by Counterpoint, global smartphone shipments are expected to <a href="https://www.counterpointresearch.com/insights/global-smartphone-forecast-2024/">grow by 5%</a> year-over-year in 2024, reaching 1.23 billion units—the highest in the past five years. The inclusion of generative AI features in smartphones is a key factor driving this increased demand.
Similarly, the PC market is seeing rising demand for chips, especially in graphical processing units (GPUs) used for gaming, crypto-mining, and video editing. This ongoing need for more advanced GPUs continues to fuel growth in the PC segment.
Gartner, Inc. (<a href="https://stocknews.com/stock/IT/">IT</a>) reports that worldwide PC shipments <a href="https://www.gartner.com/en/newsroom/press-releases/2024-07-10-gartner-says-worldwide-pc-shipments-increased-1-point-9-percent-in-second-quarter-of-2024">reached 60.6 million units</a> in the second quarter of 2024, marking a 1.9% increase from the same period in 2023. This highlights the growing importance of semiconductors in supporting various computing functions.
The semiconductor industry's performance reflects these trends. The Semiconductor Industry Association (SIA) reported that global semiconductor sales <a href="https://www.semiconductors.org/global-semiconductor-sales-increase-18-3-in-q2-2024-compared-to-q2-2023-quarter-to-quarter-sales-up-6-5/">reached $149.9 billion</a> in the second quarter of 2024, an 18.3% increase compared to the second quarter of 2023.
Looking ahead, the World Semiconductor Trade Statistics (WSTS) forecasts <a href="https://www.wsts.org/esraCMS/extension/media/f/WST/6558/WSTS_FC-Release-2024_05.pdf">a 12.5% growth</a> in the global semiconductor market, with the market expected to reach $687 billion in 2024 alone. This growth outlook underscores the immense potential for continued success in the semiconductor sector.
So, considering these trends, let's analyze the fundamentals of three <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> stocks, beginning with #3.
Stock #3: Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>)
Headquartered in Hsinchu City, Taiwan, TSM manufactures, packages, tests, and sells integrated circuits and other semiconductor devices. The company provides a range of wafer fabrication processes and also offers customer and engineering support services.
On October 3, TSM announced the <a href="https://pr.tsmc.com/english/news/3174">signing of a memorandum of understanding</a> with Amkor Technology, Inc. (<a href="https://stocknews.com/stock/AMKR/">AMKR</a>) to collaborate and bring advanced packaging and test capabilities to Arizona to further expand the region's semiconductor ecosystem.
Through this agreement, TSM would utilize AMKR's contract turnkey advanced packaging and test services. The collaboration allows TSM to better serve its customers by streamlining processes. By capitalizing on AMKR's expertise, TSM can enhance the efficiency of its operations and meet customer demands with improved speed and quality.
On August 20, ESMC, a joint venture between TSM, Robert Bosch GmbH, Infineon Technologies AG (<a href="https://stocknews.com/stock/IFNNY/">IFNNY</a>), and NXP Semiconductors N.V. (<a href="https://stocknews.com/stock/NXPI/">NXPI</a>), <a href="https://pr.tsmc.com/english/news/3169">announced a ceremony</a> to mark the initial phase of land preparation for the joint venture's first semiconductor lab in Dresden, Germany.
The facility is expected to bring TSM's advanced manufacturing capabilities closer to European customers, fostering stronger partnerships and expanding its influence in the European market.
TSM's trailing-12-month levered FCF margin of 22.86% is 117.20% higher than the 10.53% industry average. Its trailing-12-month EBIT margin of 43.62% is 780.3% higher than the 4.96% industry average. Likewise, the stock's trailing-12-month gross profit margin of 54.45% is 8.4% higher than the industry average of 50.26%.
During the fiscal third quarter that ended September 30, 2024, TSM's net revenue increased 39% year-over-year to $23.50 billion. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> grew 48.1% from the year-ago value to $13.59 billion. Moreover, the company's income from operations was $11.16 billion, up 58.2% year-over-year.
In addition, TSM's net income and EPS totaled $10.06 billion and $0.39, indicating a growth of 54.2% for both from the prior year's quarter, respectively.
Analysts expect the company's revenue for the fiscal fourth quarter (ending December 2024) to increase 32.4% year-over-year to $26.24 billion. For the same quarter, the company's EPS is expected to grow 51% from the prior year's period to $2.17. Moreover, the company topped the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
Shares of TSM have surged 51.8% over the past six months and 124.1% over the past year to close the last trading session at $200.78.
TSM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
TSM has an A grade for Sentiment and Quality. It is ranked #8 out of 91 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry.
<a href="https://stocknews.com/stock/TSM/">Click here</a> to access additional TSM ratings for Stability, Momentum, Value, and Growth.
Stock #2: Photronics, Inc. (<a href="https://stocknews.com/stock/PLAB/">PLAB</a>)
PLAB is a global manufacturer and seller of photomask products for integrated circuits, flat panel displays (FPD), and circuit pattern transfer onto semiconductor wafers and substrates. The company sells its products to semiconductor and FPD manufacturers, designers, foundries, and high-performance electronics manufacturers.
When talking about PLAB's trailing 12-month EBITDA margin of 35.95%, it is 266.6% higher than the industry average of 9.81%. The stock's trailing-12-month levered FCF margin of 10.95% is 4.1% more than the sector average of 10.53%. Plus, its trailing-12-month net income margin of 16.22% is 329.8% higher than the 3.77% industry average.
For the fiscal third quarter that ended on July 28, 2024, PLAB's revenue came in at $210.98 million. Its gross profit registered at $75.14 million. Moreover, the company's non-GAAP net income attributable to PLAB increased marginally year-over-year to $31.92 million. Meanwhile, its EPS stood at $0.51.
As of July 28, 2024, PLAB's cash and cash equivalents amounted to $537.33 million, compared to $499.29 million on October 31, 2023. Its total current assets came in at $892.64 million, up from $785.45 million on October 31, 2023.
The consensus revenue estimate of $940 million for the fiscal year ending October 2025 reflects a year-over-year rise of 9%. Its EPS for the same period is expected to grow 5.8% from the prior year to $2.20.
Shares of PLAB have surged 2.7% over the past month and 17.2% over the past year to close the last trading session at $23.74.
PLAB's solid fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
PLAB has a B grade for Value and Quality. In the same industry, it is ranked #7 out of 91 stocks.
To access PLAB's additional grades for Growth, Stability, Momentum, and Sentiment ratings, <a href="https://stocknews.com/stock/PLAB/">click here</a>.
Stock #1: Qorvo, Inc. (<a href="https://stocknews.com/stock/QRVO/">QRVO</a>)
QRVO develops and commercializes technologies for wireless, wired, and power markets. The company's operations span three segments: High Performance Analog (HPA); Connectivity and Sensors Group (CSG); and Advanced Cellular Group (ACG). It also offers foundry services for defense and aerospace clients.
On January 31, QRVO <a href="https://ir.qorvo.com/news-releases/news-release-details/qorvor-acquire-anokiwave">announced a definitive agreement</a> to acquire Anokiwave, a supplier of high-performance silicon integrated circuits for intelligent active array antennas used in defense, SATCOM, and 5G applications. Anokiwave's high-frequency beamforming and IF-to-RF conversion ICs would complement QRVO's existing RF front-end portfolio.
The combination of QRVO's capabilities with Anokiwave's technology would enable QRVO to deliver highly integrated solutions and SiPs for defense, aerospace, and network infrastructure.
QRVO's trailing-12-month EBIT margin of 11.12% is 124.3% higher than the 4.96% industry average. The stock's trailing-12-month levered FCF margin of 19.06% is 81% more than the 10.53% industry average. Additionally, its ROTC of 4.92% is 76.6% higher than the industry average of 2.79%.
QRVO's revenue for the fiscal 2025 first quarter, which ended on June 29, 2024, increased 36.2% year-over-year to $886.67 million. Its non-GAAP operating income rose 110.1% from the year-ago value to $98.13 million.
Additionally, the company's non-GAAP net income amounted to $83.52 million, or $0.87 per share, up 148.7% and 155.9% from the previous year's quarter, respectively.
For the September 2024 quarter, QRVO expects <a href="https://ir.qorvo.com/news-releases/news-release-details/qorvor-announces-fiscal-2025-first-quarter-financial-results">a sequential increase</a> in revenue, gross margin, and EPS. It projects revenue of approximately $1.025 billion, with a potential leeway of $25 million. Non-GAAP gross margin is expected to be between 46% and 47%. Meanwhile, non-GAAP earnings per share is forecasted to be between $1.75 and $1.95.
Street expects QRVO's revenue and EPS for the next fiscal year (ending March 2026) to increase 7.8% and 27.9% year-over-year to $4.26 billion and $7.94, respectively. Furthermore, the company has surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Shares of QRVO have gained 4.7% over the past month and 14% over the past year to close the last trading session at $104.50.
QRVO's promising outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
QRVO has a B grade for Growth, Value, and Quality. It is ranked #4 out of 91 stocks within the Semiconductor &amp; Wireless Chip industry.
Beyond what we stated above, we have also given QRVO grades for Momentum, Sentiment, and Stability. Get all the QRVO's ratings <a href="https://stocknews.com/stock/QRVO/">here</a>.
What To Do Next?
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<hr />
TSM shares fell $1.08 (-0.54%) in premarket trading Monday. Year-to-date, TSM has gained 94.72%, versus a 24.15% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/tsm-qrvo-plab-nxpi-ifnnyamkr-3-semiconductor-stocks-to-watch-as-gadget-demand-explodes/>3 Semiconductor Stocks to Watch as Gadget Demand Explodes</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Semiconductor Stocks to Watch as Gadget Demand Explodes

Rapid technological growth, robust demand, and favorable government initiatives drive the semiconductor industry's bright prospects. Thus, top semiconductor stocks, Taiwan Semiconductor Manufacturing (TSM), Qorvo (QRVO), and QUALCOMM (QCOM) could be solid investments for long-term gains. Continue reading... With the rising consumer demand amid growing applications and advancements in technology, innovations in the chips industry is continuously rising. Also, the adoption of AI-driven devices and changing consumer preferences will hike demand in the future, opening more opportunities for the semiconductor market.
Given the industry's promising prospects, investors could consider buying quality semiconductor stocks Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>), Qorvo, Inc. (<a href="https://stocknews.com/stock/QRVO/">QRVO</a>), and QUALCOMM Incorporated (<a href="https://stocknews.com/stock/QCOM/">QCOM</a>) for long-term gains.
Despite the lurking semiconductor shortage projections owing to an AI-driven surge in demand for graphics processing units and high demand for AI-enabled devices, coupled with continued geopolitical tensions and other supply risks, the <a href="https://www.bain.com/insights/prepare-for-the-coming-ai-chip-shortage-tech-report-2024/">semiconductor market appears promising</a>.
The <a href="https://www.semiconductors.org/global-semiconductor-sales-increase-20-6-year-to-year-in-august/">Semiconductor Industry Association</a> (SIA) reported global semiconductor sales of $53.10 billion for August 2024, reflecting a 20.6% increase from the same period in 2023 and a 3.5% up from July 2024 total of $51.3 billion. Also, on a regional level, sales marked strong year-to-year growth, with the Americas sales up 43.9%, followed by China at 19.2%, and Asia Pacific/All Other at 17.1%.
Further, <a href="https://www.semiconductors.org/2024-state-of-the-industry-report-underscores-opportunities-and-challenges-for-u-s-chip-industry/">SIA reported industry global sales</a> of $527 billion in 2023, with around 1 trillion semiconductors sold globally. The CHIPS and Science Act has expanded semiconductor fabrication capacity in the US, and the rising demand has prompted new industry investments in order to increase chip production.
The <a href="https://www.fortunebusinessinsights.com/semiconductor-market-102365">global semiconductor market</a> is expected to grow from $681.05 billion in 2024 to $2.06 trillion by 2032, expanding at a notable CAGR of 14.9%. Also, the U.S. semiconductor market is expected to grow exponentially, reaching $258.30 billion in 2032, driven by increasing consumer electronics and Integrated Circuits Integration product usage.
With these favorable trends in mind, let's look at the fundamentals of the three best <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> stocks, beginning with the third choice.
Stock #3: Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>)
Headquartered in Hsinchu City, Taiwan, TSM manufactures, packages, tests, and sells integrated circuits and other semiconductor devices internationally. The company provides wafer fabrication processes, including processes to manufacture complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.
On October 3, TSM and Amkor Technology, Inc. (<a href="https://stocknews.com/stock/AMKR/">AMKR</a>) signed a memorandum of understanding to collaborate and bring advanced packaging and test capabilities to Arizona to further expand the region's semiconductor ecosystem. Under the agreement, TSMC will leverage Amkor's contract turnkey advanced packaging and test services to support its customers.
The strategic collaboration and proximity of TSMC's front-end fab and Amkor's back-end facility will accelerate overall product cycle times.
During the third quarter that ended September 30, 2024, TSM's <a href="https://www.investopedia.com/terms/n/netsales.asp">net sales</a> increased 38.9% year-over-year to NT$759.69 billion ($23.62 billion). Its gross profit grew 48.1% from the year-ago value to NT$439.34 billion ($13.66 billion). The company's income from operations was NT$360.77 billion ($11.22 billion), up 58.2% year-over-year.
Furthermore, TSM's net income and EPS totaled NT$325.26 billion ($10.11 billion) and NT$12.54, indicating growth of 54.2% from the prior year's quarter, respectively.
Analysts expect TSM's EPS for the fourth quarter (ending December 2024) to increase 50% year-over-year to $2.16. For the same quarter, the company's revenue is expected to grow 30.7% year-over-year to $25.89 billion. Further, the company topped the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
Shares of TSM have surged 48.1% over the past six months and 126.2% over the past year to close the last trading session at $205.84.
TSM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Sentiment and Quality. It is ranked #10 out of 91 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry.
<a href="https://stocknews.com/stock/TSM/">Click here</a> to access additional TSM ratings for Stability, Momentum, Value, and Growth.
Stock #2: Qorvo, Inc. (<a href="https://stocknews.com/stock/QRVO/">QRVO</a>)
QRVO engages in the development and commercialization of technologies and products for wireless, wired, and power markets globally. It operates in three segments: High Performance Analog (HPA); Connectivity and Sensors Group (CSG); and Advanced Cellular Group (ACG).
In terms of forward EV/Sales, QRVO is trading at 2.73x, 8.4% lower than the industry average of 2.98x. Further, the stock's forward Price/Sales multiple of 2.51 is 15.8% lower than the industry average of 2.98. Likewise, its forward Price/Cash Flow of 12.98x is 42.2% lower than the industry average of 22.44x.
For the first quarter that ended June 29, 2024, QRVO's total revenue rose 36.2% year-over-year to $886.67 million, of which its ACG revenue increased 55.8% year-over-year to $642.30 million. Its non-GAAP gross profit grew 29.8% from the prior-year quarter to $362.66 million. Also, its non-GAAP operating income stood at $98.12, up 110% year-over-year.
Also, the company's non-GAAP net income increased 148.7% and 155.9% from the year-ago value to $83.52 million and $0.87 per share, respectively.
Analysts expect QRVO's EPS for the fourth quarter (ending March 2025) to increase 7.3% year-over-year to $1.49, while its revenue for the same period is expected to grow 2.8% year-over-year to $967.41 million. Also, it has topped the consensus revenue and EPS estimates in all trailing four quarters.
Shares of QRVO have gained 3.4% over the past month and 12.4% over the past year to close the last trading session at $104.28.
QRVO's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Value, Quality, and Growth. Within the same industry, QRVO is ranked #4 of 91 stocks.
<a href="https://stocknews.com/stock/QRVO/">Click here</a> to access other ratings of QRVO for Momentum, Sentiment, and Stability.
Stock #1: QUALCOMM Incorporated (<a href="https://stocknews.com/stock/QCOM/">QCOM</a>)
QCOM is engaged in the development and commercialization of foundational technologies for the wireless industry worldwide. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).
On October 16, QCOM announced a quarterly cash dividend of $0.85 per common share, payable on December 19, 2024, to stockholders of record at the close of business on December 5, 2024.
QCOM pays an annual dividend of $3.40, which translates to a yield of 1.99% at the current share price. Its four-year average dividend yield is 2.09%. Moreover, the company's dividend payouts have increased at a CAGR of 7.1% over the past three years. QCOM has raised its dividends for 20 consecutive years.
On September 25. QCOM's subsidiary, Aramco, and Saudi Arabia's Research, Development, and Innovation Authority (RDIA) announced their plans to launch Design in Saudi Arabia (DISA), an incubator program for Saudi Arabia that aims to support startups adopting AI, Internet of Things (IoT), and wireless technologies for industrial use cases.
QCOM's revenues increased 11.2% year-over-year to $9.39 billion for the third quarter ended June 23, 2024. The company's non-GAAP operating income of $3.02 billion reflects a 19.7% growth year-over-year. Its non-GAAP net income and EPS came in at $2.65 billion and $2.33, up 25.8% and 24.6% year-over-year, respectively.
Street expects QCOM's revenue and EPS for the fourth quarter (ended September 2024) to increase 14.6% and 27% year-over-year to $9.93 billion and $2.57, respectively. Moreover, the company has surpassed the consensus EPS and revenue estimates in each of the trailing four quarters.
QCOM's stock surged 4.1% over the past six months and 52.5% over the past year to close the last trading session at $171.10.
QCOM's POWR Ratings reflect its bright prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
QCOM has an A grade for Quality. The stock is ranked #2 list of 91 stocks in the Semiconductor &amp; Wireless Chip industry.
To see additional POWR Ratings of QCOM for Growth, Sentiment, Value, Stability, and Momentum, <a href="https://stocknews.com/stock/QCOM/">click here</a>.
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TSM shares fell $0.36 (-0.18%) in after-hours trading Friday. Year-to-date, TSM has gained 94.72%, versus a 24.15% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/tsm-qcom-qrvo-amkr-3-semiconductor-stocks-to-buy-for-long-term-gains/>3 Semiconductor Stocks to Buy for Long-Term Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Semiconductor Stocks to Buy for Long-Term Gains

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