Qorvo, Inc. (NASDAQ:QRVO) Given Average Rating of “Hold” by Analysts

Qorvo, Inc. (NASDAQ:QRVO) has been assigned a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the firm, MarketBeat reports. Sixteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $102.00.

QRVO has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Qorvo from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $92.00 to $105.00 in a research report on Tuesday, November 4th. Citigroup raised shares of Qorvo from a “sell” rating to a “neutral” rating and raised their price target for the company from $70.00 to $105.00 in a report on Tuesday, October 28th. Piper Sandler cut shares of Qorvo from an “overweight” rating to a “hold” rating and set a $110.00 price objective for the company. in a report on Wednesday, October 29th. Cfra restated a “hold” rating and set a $122.00 price objective on shares of Qorvo in a research report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Qorvo in a research report on Monday.

Qorvo Stock Up 2.9%

QRVO stock opened at $88.25 on Wednesday. Qorvo has a fifty-two week low of $49.46 and a fifty-two week high of $106.30. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37. The business’s 50 day moving average price is $88.98 and its two-hundred day moving average price is $86.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.20 and a current ratio of 2.95.

Qorvo (NASDAQ:QRVO) last released its earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.19. Qorvo had a net margin of 5.95% and a return on equity of 13.30%. The firm had revenue of $1.06 billion for the quarter. During the same period in the prior year, the company earned $1.88 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. As a group, analysts forecast that Qorvo will post 4.09 earnings per share for the current fiscal year.

Insider Transactions at Qorvo

In related news, SVP Paul J. Fego sold 13,612 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the completion of the transaction, the senior vice president directly owned 54,558 shares in the company, valued at approximately $5,183,010. The trade was a 19.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Qorvo

Several institutional investors have recently bought and sold shares of QRVO. LPL Financial LLC increased its position in Qorvo by 11.3% during the first quarter. LPL Financial LLC now owns 20,023 shares of the semiconductor company’s stock valued at $1,450,000 after acquiring an additional 2,027 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Qorvo by 68.2% during the 1st quarter. Natixis Advisors LLC now owns 85,445 shares of the semiconductor company’s stock worth $6,187,000 after purchasing an additional 34,632 shares during the period. US Bancorp DE grew its holdings in Qorvo by 184.0% during the 1st quarter. US Bancorp DE now owns 5,481 shares of the semiconductor company’s stock valued at $397,000 after purchasing an additional 3,551 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Qorvo during the 1st quarter valued at about $331,000. Finally, ASR Vermogensbeheer N.V. purchased a new stake in Qorvo in the 1st quarter worth about $243,000. Institutional investors own 88.57% of the company’s stock.

Qorvo Company Profile

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.