Analysts Offer Predictions for Qorvo Q1 Earnings

Qorvo, Inc. (NASDAQ:QRVO) – Stock analysts at KeyCorp issued their Q1 2027 earnings per share estimates for shares of Qorvo in a report issued on Monday, July 13th. KeyCorp analyst J. Vinh expects that the semiconductor company will earn $0.88 per share for the quarter. The consensus estimate for Qorvo’s current full-year earnings is $5.83 per share. KeyCorp also issued estimates for Qorvo’s Q2 2027 earnings at $1.56 EPS, Q3 2027 earnings at $1.84 EPS, Q4 2027 earnings at $1.46 EPS and FY2027 earnings at $5.74 EPS.

Other equities research analysts also recently issued research reports about the company. Zacks Research downgraded Qorvo from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Mizuho reissued an “underperform” rating and set a $66.00 price target (down from $70.00) on shares of Qorvo in a research report on Monday, April 20th. Craig Hallum restated a “buy” rating and set a $120.00 price objective on shares of Qorvo in a research note on Wednesday, May 6th. Citigroup upped their price objective on shares of Qorvo from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Wolfe Research lowered shares of Qorvo from an “outperform” rating to a “peer perform” rating in a research note on Friday, April 17th. Three research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $97.07.

Qorvo Stock Up 2.4%

Shares of QRVO stock opened at $85.50 on Friday. Qorvo has a fifty-two week low of $74.92 and a fifty-two week high of $109.49. The firm has a market capitalization of $7.54 billion, a PE ratio of 23.62, a P/E/G ratio of 1.34 and a beta of 1.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.46 and a current ratio of 3.24. The stock’s 50-day simple moving average is $95.07 and its 200-day simple moving average is $86.50.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Tuesday, May 5th. The semiconductor company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.48. Qorvo had a return on equity of 15.32% and a net margin of 9.22%.The company had revenue of $808.28 million during the quarter, compared to analyst estimates of $801.31 million. During the same quarter last year, the business posted $1.42 EPS. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS.

Insider Buying and Selling

In other Qorvo news, Director Peter A. Feld sold 1,900,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $101.20, for a total value of $192,280,000.00. Following the completion of the transaction, the director directly owned 5,611,526 shares of the company’s stock, valued at approximately $567,886,431.20. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gina Harrison sold 4,714 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $100.00, for a total value of $471,400.00. Following the completion of the sale, the vice president owned 24,429 shares in the company, valued at approximately $2,442,900. This represents a 16.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,966,127 shares of company stock valued at $198,911,103 in the last three months. 0.49% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Qorvo

Several large investors have recently made changes to their positions in the company. State Street Corp grew its position in Qorvo by 5.0% during the second quarter. State Street Corp now owns 3,704,113 shares of the semiconductor company’s stock valued at $314,516,000 after buying an additional 175,031 shares during the period. FIL Ltd increased its holdings in Qorvo by 13.2% in the fourth quarter. FIL Ltd now owns 3,610,045 shares of the semiconductor company’s stock valued at $305,085,000 after buying an additional 421,224 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Qorvo by 16.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,181,479 shares of the semiconductor company’s stock worth $168,842,000 after acquiring an additional 311,645 shares during the period. Bank of America Corp DE raised its position in shares of Qorvo by 801.4% in the first quarter. Bank of America Corp DE now owns 1,767,373 shares of the semiconductor company’s stock worth $136,795,000 after acquiring an additional 1,571,303 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Qorvo by 2.3% during the 4th quarter. LSV Asset Management now owns 1,555,461 shares of the semiconductor company’s stock worth $131,452,000 after acquiring an additional 34,605 shares in the last quarter. 88.57% of the stock is currently owned by institutional investors and hedge funds.

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.