Qorvo (NASDAQ:QRVO – Get Free Report) had its target price reduced by investment analysts at Stifel Nicolaus from $88.00 to $85.00 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm presently has a “hold” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 8.82% from the company’s current price.
QRVO has been the topic of a number of other reports. Argus upgraded shares of Qorvo to a “hold” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. raised Qorvo from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $92.00 to $105.00 in a research note on Tuesday, November 4th. Piper Sandler cut their price target on Qorvo from $110.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday. Susquehanna decreased their price objective on Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Finally, Mizuho dropped their target price on Qorvo from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $93.56.
Read Our Latest Report on Qorvo
Qorvo Trading Up 1.2%
Qorvo (NASDAQ:QRVO – Get Free Report) last announced 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 firm had revenue of $993.00 million for the quarter, compared to the consensus estimate of $984.10 million. During the same period last year, the company posted $1.61 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Sell-side analysts expect that Qorvo will post 4.09 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new stake in shares of Qorvo in the 3rd quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in Qorvo during the second quarter worth $25,000. Winnow Wealth LLC acquired a new stake in Qorvo in the third quarter valued at $27,000. Stance Capital LLC acquired a new stake in Qorvo in the third quarter valued at $27,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Qorvo in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 88.57% of the company’s stock.
Key Qorvo News
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.
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