Qorvo (NASDAQ:QRVO) Price Target Cut to $70.00 by Analysts at Mizuho

Qorvo (NASDAQ:QRVO) had its price objective decreased by Mizuho from $85.00 to $70.00 in a report released on Wednesday morning, Marketbeat reports. Mizuho currently has a neutral rating on the semiconductor company’s stock.

A number of other analysts also recently weighed in on the company. Zacks Research downgraded Qorvo from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Cfra restated a “hold” rating and set a $122.00 price objective on shares of Qorvo in a research report on Tuesday, October 28th. UBS Group cut their target price on shares of Qorvo from $108.00 to $87.00 and set a “neutral” rating for the company in a research note on Tuesday, January 20th. Craig Hallum reduced their price target on Qorvo from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Cfra Research raised shares of Qorvo to a “hold” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $93.56.

Qorvo Stock Down 6.8%

QRVO stock opened at $77.18 on Wednesday. The company’s 50 day moving average is $84.58 and its two-hundred day moving average is $87.69. Qorvo has a twelve month low of $49.46 and a twelve month high of $106.30. The company has a current ratio of 2.95, a quick ratio of 2.20 and a debt-to-equity ratio of 0.44. The stock has a market cap of $7.13 billion, a P/E ratio of 33.41, a PEG ratio of 1.55 and a beta of 1.36.

Qorvo (NASDAQ:QRVO) last announced its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.24. Qorvo had a net margin of 9.11% and a return on equity of 14.83%. The business had revenue of $993.00 million for the quarter, compared to analyst estimates of $984.10 million. During the same period last year, the firm posted $1.61 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Research analysts expect that Qorvo will post 4.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Qorvo

Several large investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its stake in shares of Qorvo by 440.1% in the first quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock valued at $589,000 after purchasing an additional 6,628 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Qorvo by 1.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock worth $682,000 after acquiring an additional 118 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Qorvo by 0.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 30,974 shares of the semiconductor company’s stock worth $2,630,000 after purchasing an additional 203 shares in the last quarter. Signaturefd LLC lifted its position in shares of Qorvo by 134.6% during the 2nd quarter. Signaturefd LLC now owns 1,553 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 891 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Qorvo by 61.6% during the second quarter. Janney Montgomery Scott LLC now owns 10,901 shares of the semiconductor company’s stock valued at $926,000 after purchasing an additional 4,157 shares during the last quarter. 88.57% of the stock is owned by institutional investors and hedge funds.

Qorvo News Roundup

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Q3 results beat expectations — EPS $2.17 vs. consensus ~$1.93 and revenue $993M vs. ~$984M; company reported growth in smartphone, Wi‑Fi and automotive UWB end markets, supporting near‑term profitability improvements. Read More.
• Positive Sentiment: Earnings commentary highlighted margin expansion and profit focus even as revenue normalizes — analysts note improving profitability offsets some top‑line concerns. Read More.
• Neutral Sentiment: Analysts and transcripts: Full earnings call and transcript are available for those modeling FY guidance and segment trends. Useful for parsing management’s color on Android/handset exposure and non‑smartphone growth. Read More.
• Neutral Sentiment: Merger/legals: Qorvo issued supplemental disclosures tied to the previously announced Skyworks acquisition and related litigation — watch for any deal/timing implications. Read More.
• Negative Sentiment: Weak Q4 guidance drove the selloff — management guided Q4 EPS to $1.05–1.35 (consensus ~1.23) and revenue to $775–825M vs. consensus ~901.5M, signaling a sizable near‑term revenue shortfall vs. street expectations. Read More.
• Negative Sentiment: Multiple firms cut price targets and trimmed upside (examples: Piper Sandler, Mizuho, TD Cowen, Citi), reflecting reduced revenue visibility and prompting downward re‑ratings. Read More.
• Negative Sentiment: Short interest rose materially in January (≈50% jump to ~3.37M shares), increasing bearish pressure and adding liquidity to downside moves amid the weaker outlook.

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.