Darspal S Mann
Long/short equity, growth at reasonable price, special situations, deep value

Qorvo: With Less Apple, Life May Still Be Healthy

Qorvo Inc. (QRVO) stock is suffering along with the rest of the Apple (AAPL) supplier base. Besides the weaker than expected demand for iPhones, semiconductor names in the food chain are facing pressure due to the expected cyclical slowdown as well. Even though headwinds look strong right now, fundamentals suggest this might be a good time to take a closer look at the businesses that have already been punished, but may have positive catalysts on the horizon.

Source: Qorvo.com

The environment is definitely tough. Since the semiconductor sector has traditionally acted as a leading indicator, the stocks tend to react much harsher than what the fundamentals might project at that particular time. There is no shortage

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details