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

Qorvo, Inc. (NASDAQ:QRVO) has earned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $100.0667.

A number of equities research analysts have recently commented on QRVO shares. Morgan Stanley set a $110.00 price target on shares of Qorvo and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Zacks Research cut Qorvo from a “hold” rating to a “strong sell” rating in a research report on Monday. Weiss Ratings downgraded Qorvo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. Citigroup upgraded Qorvo from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $70.00 to $105.00 in a research note on Tuesday, October 28th. Finally, Cfra Research raised Qorvo to a “hold” rating in a report on Tuesday, October 28th.

Qorvo Price Performance

QRVO opened at $80.95 on Thursday. The firm has a market cap of $7.48 billion, a PE ratio of 35.04, a P/E/G ratio of 1.49 and a beta of 1.36. The stock has a 50-day moving average price of $84.79 and a 200-day moving average price of $87.96. Qorvo has a 1 year low of $49.46 and a 1 year high of $106.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.95 and a quick ratio of 2.20.

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

Institutional Trading of Qorvo

A number of institutional investors have recently made changes to their positions in QRVO. Wealth Enhancement Advisory Services LLC raised its position in Qorvo by 1.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock worth $682,000 after acquiring an additional 118 shares during the period. Sage Rhino Capital LLC increased its stake in shares of Qorvo by 4.4% in the 3rd quarter. Sage Rhino Capital LLC now owns 3,758 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 160 shares in the last quarter. Fred Alger Management LLC raised its holdings in Qorvo by 5.3% in the 3rd quarter. Fred Alger Management LLC now owns 3,179 shares of the semiconductor company’s stock worth $290,000 after purchasing an additional 160 shares during the period. Beacon Investment Advisory Services Inc. lifted its position in Qorvo by 5.7% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 3,001 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 161 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in Qorvo by 4.5% during the third quarter. Versant Capital Management Inc now owns 4,139 shares of the semiconductor company’s stock valued at $377,000 after purchasing an additional 177 shares during the period. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Qorvo Company Profile

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.