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Qorvo Poised for Growth with Comprehensive Product Portfolio

On Sep 29, Zacks Investment Research updated the research report on leading semiconductor manufacturer Qorvo, Inc.QRVO .

Qorvo offers the most complete product portfolio, targeting the highest growth segments of its market including filters, switches and tuners. The company is well-positioned to win some of the industry's highest growth opportunities by leveraging its diversified product portfolio, systems-level expertise, R&D and manufacturing scale and internal assembly and test capabilities. The company is expected to improve its financial performance as it aims to invest in building a wider technology, supporting better-than-industry growth, greater diversification, a richer mix of new products and an expanding gross margin.

With a broad product portfolio, Qorvo is likely to create new growth opportunities in three large global markets, namely, mobile devices, network infrastructure and aerospace/defense. This is expected to be a boon for the overall industry as a huge talent pool and combined resources will spearhead technological innovation. The combination will also offer higher data throughput for the overall benefit of carriers and consumers and reap synergistic benefits for the company.

Qorvo is leveraging the industry's most comprehensive product portfolio, advanced packaging technologies, and system-level expertise to quickly introduce highly integrated front-end solutions that simplify and accelerate the implementation of multimode, multi-band 4G smartphones and tablets. These new RF Fusion front-end solutions showcase Qorvo's ability to help leading OEMs to more quickly launch their next-generation flagship devices. Qorvo's RF Flex solutions have been selected to support multiple upcoming leading 4G reference designs. RF Flex delivers best-in-class current consumption to enable superior device performance and leading-edge design flexibility to simplify regional customization. All these factors bode well for the long-term growth of this Zacks Rank #2 (Buy) stock.

Some other stocks in the industry that are worth a look include Avago Technologies Limited AVGO , CEVA Inc. CEVA and Pixelworks, Inc. PXLW , each carrying a Zacks Rank #2 (Buy).

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report

CEVA INC (CEVA): Free Stock Analysis Report

QORVO INC (QRVO): Free Stock Analysis Report

PIXELWORKS INC (PXLW): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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