Citigroup Issues Pessimistic Forecast for Qorvo (NASDAQ:QRVO) Stock Price

Qorvo (NASDAQ:QRVO) had its target price lowered by stock analysts at Citigroup from $105.00 to $90.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. Citigroup’s target price would indicate a potential upside of 15.22% from the stock’s current price.

A number of other brokerages have also commented on QRVO. Craig Hallum cut their price target on Qorvo from $110.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday. Argus raised shares of Qorvo to a “hold” rating in a research report on Wednesday, November 5th. UBS Group reduced their price target on shares of Qorvo from $108.00 to $87.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. TD Cowen cut their price objective on shares of Qorvo from $95.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Zacks Research cut shares of Qorvo from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $93.56.

Qorvo Stock Performance

Shares of QRVO opened at $78.11 on Wednesday. The company has a market capitalization of $7.22 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 1.44 and a beta of 1.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.20. Qorvo has a one year low of $49.46 and a one year high of $106.30. The company’s fifty day moving average price is $84.56 and its 200 day moving average price is $87.63.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.24. The company had revenue of $993.00 million for the quarter, compared to the consensus estimate of $984.10 million. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $1.61 earnings per share. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, analysts expect that Qorvo will post 4.09 earnings per share for the current year.

Institutional Trading of Qorvo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC acquired a new position in Qorvo in the third quarter worth about $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Qorvo in the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC acquired a new position in shares of Qorvo in the 3rd quarter worth approximately $27,000. Stance Capital LLC bought a new position in shares of Qorvo during the 3rd quarter worth approximately $27,000. Finally, Salomon & Ludwin LLC acquired a new stake in Qorvo in the 3rd quarter valued at $34,000. Institutional investors own 88.57% of the company’s stock.

Qorvo News Roundup

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Q3 results topped expectations: EPS $2.17 vs. $1.93 est and revenue $993M vs. $984M est, with strength in smartphone, Wi‑Fi and automotive UWB and management pointing to profit-focused execution. This supports upside from margin improvement and cash flow. Qorvo Q3 Earnings Surpass Estimates
• Positive Sentiment: Some bullish analyst/commentary views see long‑term upside from the company’s exit of low‑margin businesses, cost restructuring and expected merger synergies (Skyworks), arguing this could lift margins and EPS over time. Qorvo: Business Transitions Can Be Tough
• Neutral Sentiment: Qorvo issued supplemental disclosures tied to the proposed Skyworks acquisition and related litigation — an overhang that could delay or complicate deal timing but isn’t new. Monitor legal updates for potential volatility. Qorvo Issues Supplemental Disclosures
• Negative Sentiment: Guidance disappointed: Q4 EPS guided to $1.05–$1.35 and revenue to $775M–$825M vs. consensus near $901.5M — the revenue reset and cautious outlook on Android demand drove concern about near‑term growth. Qorvo tumbles amid weak Q4 outlook
• Negative Sentiment: Multiple firms trimmed price targets and some ratings were moved to neutral/hold, citing a weaker long‑term revenue outlook despite improving profitability — analyst downgrades can cap near‑term upside and weigh on sentiment. Qorvo Stock: Long-Term Outlook Remains Unconvincing
• Negative Sentiment: Short interest jumped ~50% in January to ~3.37M shares (about 3.7% of float), increasing the potential for near‑term selling pressure or volatile squeezes around headline events.

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.