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

Qorvo (NASDAQ:QRVO) had its price target trimmed by Piper Sandler from $110.00 to $90.00 in a report issued on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the semiconductor company’s stock.

QRVO has been the topic of several other reports. Citigroup upgraded shares of Qorvo from a “sell” rating to a “neutral” rating and boosted their price target for the company from $70.00 to $105.00 in a report on Tuesday, October 28th. Morgan Stanley set a $110.00 price target on shares of Qorvo and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Craig Hallum decreased their target price on Qorvo from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday. 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. Finally, Cfra reaffirmed a “hold” rating and set a $122.00 price objective on shares of Qorvo in a research report on Tuesday, October 28th. Two investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $93.56.

Qorvo Price Performance

NASDAQ:QRVO opened at $77.18 on Wednesday. The company has a quick ratio of 2.20, a current ratio of 2.95 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $84.58 and its 200 day moving average price is $87.69. Qorvo has a 52-week low of $49.46 and a 52-week high of $106.30. The firm 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 released its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $984.10 million. During the same period in the prior year, the business earned $1.61 earnings per share. 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. As a group, sell-side analysts predict that Qorvo will post 4.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Qorvo

Several institutional investors have recently bought and sold shares of QRVO. Wealth Enhancement Advisory Services LLC increased its stake in Qorvo by 1.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock valued at $682,000 after buying an additional 118 shares during the last quarter. Sage Rhino Capital LLC lifted its stake in Qorvo by 4.4% in the 3rd quarter. Sage Rhino Capital LLC now owns 3,758 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 160 shares during the last quarter. Fred Alger Management LLC increased its holdings in shares of Qorvo by 5.3% in the third quarter. Fred Alger Management LLC now owns 3,179 shares of the semiconductor company’s stock valued at $290,000 after purchasing an additional 160 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its holdings in shares of Qorvo by 5.7% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 3,001 shares of the semiconductor company’s stock worth $254,000 after buying an additional 161 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Qorvo by 4.5% during the 3rd quarter. Versant Capital Management Inc now owns 4,139 shares of the semiconductor company’s stock worth $377,000 after purchasing an additional 177 shares in the last quarter. Institutional investors own 88.57% of the company’s stock.

Trending Headlines about 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.