GREENSBORO, N.C., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, announced the election of Mr. Alan S. Lowe to its Board of Directors, effective November 11, 2024. Mr. Lowe also joined the Board's Audit Committee. Since 2015, Mr. Lowe has served as president and chief executive officer of Lumentum Holdings Inc., a designer and manufacturer of optical and photonic products enabling optical networking and laser applications worldwide. Prior to Lumentum's separation from Viavi Solutions Inc. in 2015, Mr. Lowe was employed by Viavi. Mr. Lowe joined Viavi in September 2007 as senior vice president of the Lasers business

Collaboration pairs Qorvo's high-performance BLDC/PMSM motor controller/driver and CGD's easy-to-use ICeGaN® ICs in new EVKs Cambridge GaN Devices (CGD), the fabless, clean-tech semiconductor company that develops energy-efficient GaN-based power devices that make greener electronics possible, and Qorvo®, (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, have partnered to bring together industry-leading motor control and power efficiency technologies in the PAC5556A + ICeGaN® evaluation kit (EVK). This collaboration combines Qorvo's high-performance BLDC/PMSM motor controller/driver and CGD's easy-to-use ICeGaN ICs in a board that significantly improves motor c

GREENSBORO, N.C., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced that MediaTek has selected Qorvo as a key supplier for the inaugural wave of Wi-Fi 7 front-end modules (FEMs) on the MediaTek MT6653 Wi-Fi 7/Bluetooth® combo chip. Qorvo's Wi-Fi 7 FEMs and the MediaTek MT6653 used in the MediaTek Dimensity 9400 platform are optimized to deliver a best-in-class end-user experience that help enable enhanced Wi-Fi 7 performance, power efficiency and technical features in mobile devices. Eric Creviston, president of Qorvo's Connectivity and Sensors Group, said, "We're pleased MediaTek has selected Qorvo to be

GREENSBORO, N.C., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 second quarter ended September 28, 2024. On a GAAP basis, revenue for Qorvo's fiscal 2025 second quarter was $1.047 billion, gross margin was 42.6%, operating income was $9.7 million, and loss per share was $0.18. On a non-GAAP basis, gross margin was 47.0%, operating income was $212.2 million, and diluted earnings per share was $1.88. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "In the September quarter, ACG successfully supported our largest customer's seasonal

GREENSBORO, N.C., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 second quarter financial results on Tuesday, October 29, 2024, at 5:00 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 2723791. The playback will be available through the close of business on November 5

GREENSBORO, N.C., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced that Company executives are scheduled to present at the Goldman Sachs Communacopia + Technology Conference on Tuesday, September 10, 2024, at 7:25 p.m. Eastern Time (4:25 p.m. Pacific Time). A live webcast of the event will be available on the Company's website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). About QorvoQorvo (NASDAQ:QRVO) supplies innovative semiconductor solutions that make a better world possible.  We combine product and technology leadership, systems-level expertise and global manufacturin

GREENSBORO, N.C., July 30, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 first quarter ended June 29, 2024. Strategic Highlights Grew quarterly revenue 36% year-over-year and exceeded mid-point of revenue guidance by $37 millionTransitioned Beijing and Dezhou operations to Luxshare and integrated Anokiwave into Qorvo On a GAAP basis, revenue for Qorvo's fiscal 2025 first quarter was $887 million, gross margin was 37.5%, operating income was $4.6 million, and diluted earnings per share was $0.00. On a non-GAAP basis, gross margin was 40.9%, operating income was

GREENSBORO, N.C., July 16, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 first quarter financial results on Tuesday, July 30, 2024, at 5:00 p.m. (ET). The conference call will be webcast live on the Company's Investor Relations website at the following URL: https://ir.qorvo.com (under "Events & Presentations"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 1-412-317-0088 and using the passcode 1263601. The playback will be available through the close of business on August 6, 2024

Evaluation kit to feature Qorvo's high-performance BLDC/PMSM motor controller/driver and CGD's easy-to-use ICeGaN ICs Cambridge GaN Devices (CGD), the fabless, clean-tech semiconductor company that develops energy-efficient GaN-based power devices that make greener electronics possible, is partnering with Qorvo®, (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, to develop a reference design and evaluation kit (EVK) that showcases GaN for motor control applications. CGD aims to speed the use of GaN power ICs in BLDC and PMSM applications, resulting in higher power, highly efficient, compact and reliable systems. Qorvo is building an EVK for its PAC5556A motor/c

GREENSBORO, N.C., June 05, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, is hosting an Investor Day on Tuesday, June 11, 2024, in New York City beginning at 8:30 a.m. ET. The event will be webcast live on the Company's website at the following URL: https://ir.qorvo.com under "Events & Presentations." To access the live webcast, please go to the Company's IR website at least 15 minutes early to register and download any necessary audio software. For those unable to join the live webcast, a replay will be available on the Company's IR website following the event. Institutional investors and analysts interested in attending Qor

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10 analysts have shared their evaluations of Qorvo (NASDAQ:QRVO) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 6 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 1 0 0 3M Ago 2 0 4 1 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $110.3, with a high estimate of $145.00 and a low estimate of $95.00. A negative shift in sentime

Susquehanna analyst Christopher Rolland maintains Qorvo (NASDAQ:QRVO) with a Neutral and raises the price target from $95 to $145.

June closed on a high note for the stock market, with the S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), gaining 3.2%, despite significant disparities in sector and industry performances. The technology sector, as tracked by the Technology Select Sector SPDR Fund (NYSE:XLK), led the 11 S&P 500 sectors in performance last month, surging 7.7% and achieving its strongest monthly gain this year. In stark contrast, utilities lagged, with the Utilities Select Sector SPDR Fund (NYSE:XLU) dropping 6.3%, marking the worst month since September 2023. Top Performing Industry ETFs In June The iShares Expanded Tech-Software Sector ETF (NYSE:IGV) rallied 11.3% last month, topping

These large-cap stocks were the best performers in the last week. Are they in your portfolio? Broadcom Inc. (NASDAQ:AVGO) shares jumped 23.07% after the company reported upbeat results for its fiscal second quarter. Many analysts raised the price forecast on the stock. Arm Holdings Plc (NASDAQ:ARM) jumped 17.14% on the report that the company will join the Nasdaq-100 Index starting June 24, 2024. Caseys General Stores, Inc. (NASDAQ:CASY) shares escalated 13.99% after the company reported better than expected Q4 financial results and increased its quarterly dividend. Many analysts boosted their price forecast on the stock. Qorvo Inc (NASDAQ:QRVO) shares gained 13.69% in the last

The semiconductor rally continues its unstoppable advance, fueled by the propulsion of artificial intelligence, with the U.S. chipmaking industry now soaring to a combined valuation of $6.3 trillion. The PHLX Semiconductor Sector Index, mirrored by the Invesco PHLX Semiconductor ETF (NYSE:SOXQ), is poised for a 6% gain this week, marking its strongest performance in two months and achieving record high levels. Since late October 2023, the index has surged by 78%, while the broader chip industry has seen an astonishing 169% increase from its October 2022 low. In stark contrast, the broader tech sector, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), has risen by 39% from its Octobe

The Nasdaq 100 index posted its fourth consecutive session in the green on Thursday, closing up 0.6% at 19,576 points and reaching new all-time highs as tech stocks drive broader market gains. The S&P 500 also recorded its fourth straight positive day, rising 0.2% to a record closing level of 5,433 points, rebounding from a morning dip caused by disappointing unemployment claims data. In the afternoon, traders regained confidence in risky assets after U.S. Treasury Secretary Janet Yellen expressed optimism about continued progress in disinflation. While Yellen noted easing labor market pressures, she emphasized that the job market remains strong. The market anticipates a rate cut in

Providing a diverse range of perspectives from bullish to bearish, 10 analysts have published ratings on Qorvo (NASDAQ:QRVO) in the last three months. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 6 1 0 Last 30D 1 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 4 1 0 3M Ago 0 0 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $105.8, a high estimate of $128.00, and a low estimate of $95.00. A 6.92% drop is evident in the current average comp

Rosenblatt analyst Kevin Cassidy maintains Qorvo (NASDAQ:QRVO) with a Neutral and maintains $105 price target.

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GREENSBORO, N.C., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, announced the election of Mr. Alan S. Lowe to its Board of Directors, effective November 11, 2024. Mr. Lowe also joined the Board's Audit Committee. Since 2015, Mr. Lowe has served as president and chief executive officer of Lumentum Holdings Inc., a designer and manufacturer of optical and photonic products enabling optical networking and laser applications worldwide. Prior to Lumentum's separation from Viavi Solutions Inc. in 2015, Mr. Lowe was employed by Viavi. Mr. Lowe joined Viavi in September 2007 as senior vice president of the Lasers business

GREENSBORO, N.C., June 05, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, is hosting an Investor Day on Tuesday, June 11, 2024, in New York City beginning at 8:30 a.m. ET. The event will be webcast live on the Company's website at the following URL: https://ir.qorvo.com under "Events & Presentations." To access the live webcast, please go to the Company's IR website at least 15 minutes early to register and download any necessary audio software. For those unable to join the live webcast, a replay will be available on the Company's IR website following the event. Institutional investors and analysts interested in attending Qor

GREENSBORO, N.C., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced it has reached a definitive agreement to acquire Anokiwave, a leading supplier of high performance silicon integrated circuits (ICs) for intelligent active array antennas for D&A, SATCOM and 5G applications. The transaction is expected to close during the March quarter. Anokiwave is based in Boston, MA, and operates design centers and sales offices in Boston, MA and San Diego, CA. The Anokiwave team will join Qorvo's High Performance Analog (HPA) segment and will continue to develop beamformers and IF-RF solutions for defense phased array

Seagate Technology Holdings plc (NASDAQ:STX), a world leader in data storage and infrastructure solutions, today announced that Robert (Bob) Bruggeworth has been appointed to the company's Board of Directors and to serve on the Audit and Finance Committee of the Board, effective November 9, 2022. "I am very pleased to welcome Bob to Seagate's Board of Directors," said Mike Cannon, Seagate's Board Chair. "Bob has extensive executive leadership experiences with over 20 years as CEO of two public companies, RF Micro Devices and currently Qorvo. Prior to these roles, Bob spent 16 years in various senior leadership positions at AMP, now part of TE Connectivity, residing in Asia and the U.S." S

GREENSBORO, N.C., Aug. 30, 2022 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading global provider of connectivity and power solutions, today announced the appointment of Grant Brown as chief financial officer, effective August 29, 2022. Mr. Brown was named interim chief financial officer on April 18, 2022, and previously served as Qorvo's vice president of Treasury. Bob Bruggeworth, president and chief executive officer of Qorvo, said, "We are pleased to announce that Grant has been appointed CFO. Grant has broad experience and expertise leading finance teams, and he deeply understands our company and strategic vision. He has been a significant contributor to Qorvo over many years, and

HALIFAX, NS / ACCESSWIRE / August 17, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT), (FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced the appointment of Mr. Jack Harding as Chair of the Board of Directors, effective August 16, 2022. Mr. Ram Ramkumar, META's current Chair, is retiring from the Board and moving into a Strategic Advisor role for a period of two years. The Company wishes to thank Mr. Ramkumar for his dedication during this transformative period which included among many milestones META's June 2021 listing on the NASDAQ via a reverse merger with Torchlight Energy Resources."Delivering innovation at scale is

GREENSBORO, N.C., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading provider of innovative RF solutions that connect the world, today announced the appointment of Philip Chesley as president of Qorvo's Infrastructure & Defense Products segment, effective November 1, 2021. Mr. Chesley will report to Bob Bruggeworth, president and chief executive officer of Qorvo, and he will succeed James Klein, who previously announced his intention to retire from the company. Bob Bruggeworth said, "We are extremely pleased that Philip Chesley is joining Qorvo to head our diverse and growing Infrastructure & Defense Products (IDP) business. Philip has a proven track record growing world-cl

GREENSBORO, N.C., May 12, 2021 (GLOBE NEWSWIRE) -- Qorvo® (NASDAQ:QRVO), a leading provider of innovative RF solutions that connect the world, today announced the election of Judy Bruner to its Board of Directors, effective immediately. Ms. Bruner will also join the Board's Audit and Governance and Nominating Committees. Ms. Bruner most recently served as Executive Vice President, Administration and Chief Financial Officer of SanDisk Corporation, a supplier of flash storage products, from June 2004 until its acquisition by Western Digital in May 2016. Previously, she was Senior Vice President and Chief Financial Officer of Palm, Inc., a provider of handheld computing and communications so

ORLANDO, FL / ACCESSWIRE / March 9, 2021 / LightPath Technologies, Inc. (NASDAQ:LPTH) ("LightPath," the "Company" or "we"), a leading vertically integrated global manufacturer and integrator of proprietary optical and infrared components and high-level assemblies, today announced the appointment of Mr. Eric Creviston to its Board of Directors (the "Board"), effective March 4, 2020. Mr. Creviston will serve as a Class II director, filling the vacancy created by Dr. Stephen Brueck's recent retirement. Mr. Creviston is currently Corporate Vice President and President of the Mobile Products group of Qorvo Inc. (NASDAQ:QRVO) ("Qorvo"), which develops and commercializes worldwide semiconductor pro