Qorvo (NASDAQ:QRVO) Shares Gap Down After Analyst Downgrade

Qorvo, Inc. (NASDAQ:QRVO)’s stock price gapped down before the market opened on Wednesday after Citigroup lowered their price target on the stock from $105.00 to $90.00. The stock had previously closed at $82.81, but opened at $76.63. Citigroup currently has a neutral rating on the stock. Qorvo shares last traded at $78.3360, with a volume of 2,806,064 shares traded.

A number of other research analysts have also recently weighed in on QRVO. Cfra Research upgraded Qorvo to a “hold” rating in a report on Tuesday, October 28th. Morgan Stanley set a $84.00 price objective on Qorvo in a research note on Wednesday. Craig Hallum decreased their target price on Qorvo from $110.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday. TD Cowen cut their price target on shares of Qorvo from $95.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Argus upgraded shares of Qorvo to a “hold” rating in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $93.56.

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.

Hedge Funds Weigh In On Qorvo

A number of hedge funds have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new position in shares of Qorvo in the 2nd quarter worth about $25,000. Nisa Investment Advisors LLC bought a new position in Qorvo in the third quarter worth about $25,000. Winnow Wealth LLC acquired a new position in Qorvo in the third quarter valued at approximately $27,000. Stance Capital LLC bought a new position in shares of Qorvo during the third quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC raised its position in shares of Qorvo by 952.8% during the 4th quarter. Sound Income Strategies LLC now owns 379 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 343 shares during the period. Institutional investors and hedge funds own 88.57% of the company’s stock.

Qorvo Trading Up 1.2%

The firm 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 debt-to-equity ratio of 0.42, a quick ratio of 2.20 and a current ratio of 3.67. The firm has a fifty day moving average of $84.56 and a 200-day moving average of $87.63.

Qorvo (NASDAQ:QRVO) last announced 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. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. The company had revenue of $993.00 million during the quarter, compared to the consensus estimate of $984.10 million. During the same quarter in the previous year, the company posted $1.61 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities research analysts forecast that Qorvo, Inc. will post 4.09 earnings per share for the current year.

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.