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

Qorvo, Inc. (NASDAQ:QRVO) has earned an average rating of “Hold” from the twenty ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $93.5625.

Several analysts have recently commented on QRVO shares. KeyCorp reissued a “sector weight” rating on shares of Qorvo in a research note on Wednesday, January 28th. TD Cowen lowered their price target on Qorvo from $95.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Benchmark restated a “hold” rating on shares of Qorvo in a research note on Wednesday, January 28th. Zacks Research lowered shares of Qorvo from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Finally, Cfra reiterated a “hold” rating and issued a $122.00 target price on shares of Qorvo in a report on Tuesday, October 28th.

Hedge Funds Weigh In On Qorvo

Several institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp increased its stake in shares of Qorvo by 440.1% during the 1st quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock worth $589,000 after purchasing an additional 6,628 shares during the last quarter. CWM LLC increased its position in Qorvo by 30.9% in the second quarter. CWM LLC now owns 2,012 shares of the semiconductor company’s stock worth $171,000 after buying an additional 475 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Qorvo in the second quarter worth $1,953,000. Chicago Partners Investment Group LLC raised its stake in shares of Qorvo by 7.7% in the second quarter. Chicago Partners Investment Group LLC now owns 4,808 shares of the semiconductor company’s stock valued at $426,000 after buying an additional 342 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Qorvo by 5.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 10,377 shares of the semiconductor company’s stock valued at $872,000 after buying an additional 541 shares during the last quarter. 88.57% of the stock is owned by institutional investors.

Qorvo Stock Up 1.9%

Qorvo stock opened at $84.44 on Monday. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 1.47 and a beta of 1.37. The firm’s fifty day moving average price is $83.68 and its two-hundred day moving average price is $87.27. Qorvo has a 1-year low of $49.46 and a 1-year high of $106.30. The company has a current ratio of 3.67, a quick ratio of 2.89 and a debt-to-equity ratio of 0.42.

Qorvo (NASDAQ:QRVO) last posted its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 EPS for the quarter, topping 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 period in the previous year, the firm posted $1.61 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, equities research analysts predict 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.