Head to Head Analysis: Micron Technology (NASDAQ:MU) vs. Qorvo (NASDAQ:QRVO)

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

Institutional & Insider Ownership

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

Risk & Volatility

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

Analyst Ratings

This is a breakdown of current ratings for Qorvo and Micron Technology, as reported by MarketBeat.com.

Qorvo currently has a consensus price target of $91.45, indicating a potential downside of 19.90%. Micron Technology has a consensus price target of $1,407.88, indicating a potential upside of 77.04%. Given Micron Technology’s stronger consensus rating and higher probable upside, analysts clearly believe Micron Technology is more favorable than Qorvo.

Profitability

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

Valuation and Earnings

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

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.

Summary

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

About Qorvo

(Get Free Report)

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.

About Micron Technology

(Get Free Report)

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.