Qorvo (NASDAQ:QRVO) Price Target Cut to $90.00 by Analysts at Citigroup

Qorvo (NASDAQ:QRVO) had its price target trimmed by Citigroup from $105.00 to $90.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the semiconductor company’s stock.

Several other equities analysts have also weighed in on QRVO. Weiss Ratings lowered Qorvo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Piper Sandler cut their price objective on Qorvo from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday. Susquehanna reduced their target price on Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Zacks Research downgraded Qorvo from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Finally, Cfra Research raised shares of Qorvo to a “hold” rating in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Qorvo currently has a consensus rating of “Hold” and an average target price of $93.56.

Qorvo Trading Down 6.8%

Shares of NASDAQ QRVO opened at $77.18 on Wednesday. The business has a 50 day simple moving average of $84.58 and a 200 day simple moving average of $87.69. Qorvo has a 52 week low of $49.46 and a 52 week high of $106.30. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 1.55 and a beta of 1.36. 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 issued its quarterly earnings data on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.24. The firm had revenue of $993.00 million for the quarter, compared to analyst estimates of $984.10 million. Qorvo had a net margin of 9.11% and a return on equity of 14.83%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.61 earnings per share. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, research analysts predict that Qorvo will post 4.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Qorvo

Several hedge funds have recently modified their holdings of the business. KLP Kapitalforvaltning AS grew its stake in shares of Qorvo by 669.6% in the fourth quarter. KLP Kapitalforvaltning AS now owns 141,600 shares of the semiconductor company’s stock worth $11,967,000 after acquiring an additional 123,200 shares during the last quarter. M&T Bank Corp grew its position in Qorvo by 3,397.3% in the 4th quarter. M&T Bank Corp now owns 150,173 shares of the semiconductor company’s stock worth $12,691,000 after purchasing an additional 145,879 shares during the last quarter. Salomon & Ludwin LLC grew its position in Qorvo by 54.4% in the 4th quarter. Salomon & Ludwin LLC now owns 559 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 197 shares during the last quarter. Optas LLC bought a new position in shares of Qorvo during the 4th quarter worth about $385,000. Finally, Krilogy Financial LLC acquired a new position in shares of Qorvo during the fourth quarter valued at about $288,000. 88.57% of the stock is owned by institutional investors.

Key Stories Impacting Qorvo

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.