Savvy Trades and Investments

[SSKILLZ1]

QRVO

Brought QRVO today at $147.59. I know the semi sector has been hot, but this stock certainly hasn't. Now they got hit partly because of the fact that the q4 forecast was a little light due to supply chain stuff (Still $2.75 or so and I think they are being conservative, tells us the earnings power of this company), which we all know. If you like AAPL, and the market clearly does, you should like QRVO as a way to play the mobile space. QRVO is a growing semiconductor company and expected to earn $13.15 in fy 22. How often can you say you can get a growing semi for roughly 11 times next years earnings. I think it deserves at least a 15 multiple hence I feel the FV of stock is around at least $200. I will continue to buy more on weakness, but I feel QRVO is a very cheap way, with good growth to play the semi and mobile sectors. All is just my opinion, and I could always be wrong though.