Piper Sandler Lowers Qorvo (NASDAQ:QRVO) Price Target to $90.00

Qorvo (NASDAQ:QRVO) had its target price reduced by research analysts at Piper Sandler from $110.00 to $90.00 in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. Piper Sandler’s price target would suggest a potential upside of 15.22% from the stock’s current price.

Other research analysts have also issued research reports about the company. UBS Group decreased their target price on Qorvo from $108.00 to $87.00 and set a “neutral” rating for the company in a research report on Tuesday, January 20th. JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $92.00 to $105.00 in a report on Tuesday, November 4th. Cfra reiterated a “hold” rating and set a $122.00 target price on shares of Qorvo in a research note on Tuesday, October 28th. Weiss Ratings downgraded shares of Qorvo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Finally, Argus raised shares of Qorvo to a “hold” rating in a report on Wednesday, November 5th. 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 company’s stock. Based on data from MarketBeat, Qorvo has a consensus rating of “Hold” and an average target price of $93.56.

Qorvo Price Performance

Shares of QRVO stock opened at $78.11 on Wednesday. The firm has a fifty day moving average of $84.56 and a two-hundred day moving average of $87.63. 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. 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 0.42, a current ratio of 3.67 and a quick ratio of 2.20.

Qorvo (NASDAQ:QRVO) last issued its quarterly 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. The business had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $984.10 million. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.61 earnings per share. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, research analysts anticipate that Qorvo will post 4.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Lecap Asset Management Ltd. acquired a new position in Qorvo during the 3rd quarter valued at about $2,689,000. Norges Bank acquired a new stake in shares of Qorvo in the 2nd quarter worth approximately $153,994,000. Seizert Capital Partners LLC bought a new position in shares of Qorvo in the third quarter valued at approximately $2,092,000. Vinva Investment Management Ltd acquired a new position in shares of Qorvo during the second quarter valued at approximately $507,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Qorvo during the second quarter worth approximately $2,758,000. 88.57% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Qorvo

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.