Tag Archives: qrvo

Apple Suppliers Hit But Funds Add These Chip Stocks

IBD’s latest Screen of the Day is Accelerating Mutual Fund Ownership, which lists the companies that mutual funds have been loading up on recently. The semiconductor sector had been hot this year, but Apple’s (AAPL) recent slide after it reported lower-than-expected iPhone sales dragged down many of its chip suppliers, including Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qorvo (QRVO), NXP Semiconductors (NXPI) and Avago Technologies (AVGO).

IPhone Chip Suppliers Feel Burn As Apple Implodes

Apple (AAPL) shares got whacked again in the stock market today, and the stock’s plunge also looks to be affecting its chip suppliers, including Skyworks Solutions (SWKS), Cirrus Logic (CRUS) and Qorvo (QRVO). Shares sank as much as 4.3% in huge volume Tuesday, dropping to their lowest level in more than six months. The stock has now fallen for 10 out of the past 11 straight sessions. In Monday’s session, the stock broke below its 200-day moving

Qorvo Nose-Dives, Guidance Misses Analyst Forecasts

(AAPL) chipmaker (QRVO) was on a nearly 16% nosedive Thursday after the company’s fiscal second-quarter forecast dipped below Wall Street expectations. For its Q2 ending on or near Sept. 30, the Greensboro, N.C.-based company predicted revenue of $690 million to $710 million, which would be up 93% at the midpoint vs. the year-earlier quarter and up 4% over Q1. Qorvo guided to $1.05-$1.15 non-GAAP per-share earnings, vs. $1.21 in the year-earlier