Qorvo (NASDAQ:QRVO) vs. Micron Technology (NASDAQ:MU) Financial Survey

Micron Technology (NASDAQ:MU) and Qorvo (NASDAQ:QRVO) are both large-cap technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, risk, institutional ownership, dividends, analyst recommendations, valuation and earnings.

Earnings & Valuation

This table compares Micron Technology and Qorvo”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Micron Technology	$133.19 billion	5.86	$84.97 billion	$74.21	9.30
Qorvo	$3.64 billion	2.76	$338.99 million	$4.31	26.49

Micron Technology has higher revenue and earnings than Qorvo. Micron Technology is trading at a lower price-to-earnings ratio than Qorvo, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a breakdown of current recommendations and price targets for Micron Technology and Qorvo, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Micron Technology	0	4	41	1	2.93
Qorvo	1	11	3	0	2.13

Micron Technology currently has a consensus target price of $1,407.88, indicating a potential upside of 104.04%. Qorvo has a consensus target price of $91.45, indicating a potential downside of 19.90%. Given Micron Technology’s stronger consensus rating and higher probable upside, research analysts plainly believe Micron Technology is more favorable than Qorvo.

Risk and Volatility

Micron Technology has a beta of 2.36, meaning that its share price is 136% more volatile than the S&P 500. Comparatively, Qorvo has a beta of 1.42, meaning that its share price is 42% more volatile than the S&P 500.

Profitability

This table compares Micron Technology and Qorvo’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Micron Technology	63.80%	92.62%	66.29%
Qorvo	10.95%	17.23%	10.06%

Institutional and Insider Ownership

80.8% of Micron Technology shares are held by institutional investors. Comparatively, 88.6% of Qorvo shares are held by institutional investors. 0.2% of Micron Technology shares are held by company insiders. Comparatively, 0.5% of Qorvo shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Summary

Micron Technology beats Qorvo on 12 of the 15 factors compared between the two stocks.

About Micron Technology

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, networking, industrial, and automotive markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

About Qorvo

Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets. The CSG segment supplies connectivity and sensor components and systems featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular IoT, and MEMS-/BAW-based sensors. It serves markets, such as smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points. The ACG segment supplies cellular RF solutions for smartphones, wearables, laptops, tablets, and various other devices. The company also offers foundry services for defense primes and other defense and aerospace customers. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. It operates in the United States, China, other Asian countries, Taiwan, and Europe. The company was founded in 1957 and is headquartered in Greensboro, North Carolina.