Qorvo, Inc. (NASDAQ:QRVO) Receives Consensus Rating of “Hold” from Brokerages

Qorvo, Inc. (NASDAQ:QRVO) has received a consensus rating of “Hold” from the nineteen brokerages that are covering the stock, MarketBeat Ratings reports. Sixteen research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $102.00.

A number of research firms have recently weighed in on QRVO. JPMorgan Chase & Co. upgraded shares of Qorvo from an “underweight” rating to a “neutral” rating and raised their price target for the company from $92.00 to $105.00 in a report on Tuesday, November 4th. Argus upgraded shares of Qorvo to a “hold” rating in a research note on Wednesday, November 5th. UBS Group lifted their price target on shares of Qorvo from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Morgan Stanley set a $110.00 price objective on Qorvo and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, Piper Sandler cut Qorvo from an “overweight” rating to a “hold” rating and set a $110.00 price objective for the company. in a research report on Wednesday, October 29th.

Institutional Investors Weigh In On Qorvo

A number of large investors have recently modified their holdings of QRVO. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Qorvo in the 2nd quarter valued at approximately $25,000. Nisa Investment Advisors LLC acquired a new position in Qorvo during the 3rd quarter valued at approximately $25,000. Banque Transatlantique SA purchased a new position in shares of Qorvo in the first quarter worth $27,000. Winnow Wealth LLC acquired a new stake in shares of Qorvo during the third quarter worth $27,000. Finally, Stance Capital LLC purchased a new stake in shares of Qorvo during the third quarter valued at $27,000. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Qorvo Trading Down 0.0%

QRVO opened at $86.12 on Friday. The company has a current ratio of 2.95, a quick ratio of 2.20 and a debt-to-equity ratio of 0.44. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 37.28, a PEG ratio of 1.56 and a beta of 1.37. Qorvo has a 12 month low of $49.46 and a 12 month high of $106.30. The stock has a fifty day moving average price of $87.77 and a 200-day moving average price of $87.91.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.19. Qorvo had a return on equity of 13.30% and a net margin of 5.95%.The company had revenue of $1.06 billion for the quarter. During the same period in the previous year, the business earned $1.88 EPS. Qorvo’s revenue for the quarter was up 1.1% compared to the same quarter last year. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. As a group, equities research analysts anticipate that Qorvo will post 4.09 earnings per share for the current fiscal year.

About Qorvo

Qorvo, Inc is a leading provider of advanced radio-frequency (RF), analog and mixed-signal semiconductor solutions. The company designs, develops and manufactures a broad portfolio of components and modules that enable wireless and wired connectivity across mobile devices, network infrastructure, defense systems and Internet of Things (IoT) applications.

Qorvo’s product offerings include RF filters, power amplifiers, switches, integrated front-end modules and other custom mixed-signal devices.