Craig Hallum Has Lowered Expectations for Qorvo (NASDAQ:QRVO) Stock Price

Qorvo (NASDAQ:QRVO) had its price objective reduced by research analysts at Craig Hallum from $110.00 to $95.00 in a report issued on Wednesday, Marketbeat reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price objective indicates a potential upside of 21.62% from the company’s current price.

QRVO has been the subject of a number of other reports. Cfra Research upgraded shares of Qorvo to a “hold” rating in a research report on Tuesday, October 28th. Citigroup raised shares of Qorvo from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $70.00 to $105.00 in a research note on Tuesday, October 28th. JPMorgan Chase & Co. upgraded Qorvo from an “underweight” rating to a “neutral” rating and increased their price target for the company from $92.00 to $105.00 in a research note on Tuesday, November 4th. Piper Sandler downgraded Qorvo from an “overweight” rating to a “hold” rating and set a $110.00 price objective on the stock. in a report on Wednesday, October 29th. Finally, Susquehanna reduced their price objective on Qorvo from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $93.56.

Qorvo Price Performance

Shares of QRVO stock opened at $78.11 on Wednesday. The business has a fifty day simple moving average of $84.56 and a 200 day simple moving average of $87.63. The company has a market cap of $7.22 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.44 and a beta of 1.36. The company has a quick ratio of 2.20, a current ratio of 3.67 and a debt-to-equity ratio of 0.42. Qorvo has a twelve month low of $49.46 and a twelve month high of $106.30.

Qorvo (NASDAQ:QRVO) last released its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.24. The firm had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $984.10 million. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.61 earnings per share. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, sell-side analysts forecast that Qorvo will post 4.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Qorvo

A number of institutional investors have recently made changes to their positions in QRVO. Vanguard Group Inc. raised its position in shares of Qorvo by 0.9% during the third quarter. Vanguard Group Inc. now owns 11,105,104 shares of the semiconductor company’s stock worth $1,011,453,000 after acquiring an additional 100,058 shares during the last quarter. State Street Corp increased its position in Qorvo by 5.0% during the 2nd quarter. State Street Corp now owns 3,704,113 shares of the semiconductor company’s stock valued at $314,516,000 after purchasing an additional 175,031 shares during the period. Norges Bank bought a new position in Qorvo during the 2nd quarter worth approximately $153,994,000. Dimensional Fund Advisors LP raised its holdings in Qorvo by 16.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,727,103 shares of the semiconductor company’s stock worth $157,298,000 after purchasing an additional 243,147 shares during the last quarter. Finally, LSV Asset Management lifted its position in shares of Qorvo by 10.0% in the 3rd quarter. LSV Asset Management now owns 1,520,856 shares of the semiconductor company’s stock worth $138,520,000 after purchasing an additional 137,886 shares during the period. Institutional investors own 88.57% of the company’s stock.

Qorvo News Summary

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.

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.