Qorvo, Inc. (NASDAQ:QRVO) Receives Consensus Recommendation of “Hold” from Analysts

Qorvo, Inc. (NASDAQ:QRVO) has been given a consensus rating of “Hold” by the twenty analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seventeen have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $93.5625.

A number of equities analysts have recently commented on QRVO shares. UBS Group cut their price target on shares of Qorvo from $108.00 to $87.00 and set a “neutral” rating on the stock in a report on Tuesday, January 20th. Argus raised Qorvo to a “hold” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. upgraded Qorvo from an “underweight” rating to a “neutral” rating and upped their price target for the company from $92.00 to $105.00 in a research report on Tuesday, November 4th. Zacks Research downgraded Qorvo from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, Stifel Nicolaus cut their price objective on Qorvo from $88.00 to $85.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th.

Hedge Funds Weigh In On Qorvo

A number of hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new stake in shares of Qorvo in the 3rd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Qorvo in the second quarter worth approximately $25,000. Winnow Wealth LLC acquired a new stake in Qorvo in the third quarter valued at approximately $27,000. Stance Capital LLC bought a new stake in shares of Qorvo during the third quarter valued at approximately $27,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Qorvo by 215.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 231 shares in the last quarter. Institutional investors own 88.57% of the company’s stock.

Qorvo Trading Up 1.9%

Shares of QRVO stock opened at $84.44 on Monday. Qorvo has a twelve month low of $49.46 and a twelve month high of $106.30. The stock’s fifty day simple moving average is $83.68 and its 200 day simple moving average is $87.27. The company has a quick ratio of 2.89, a current ratio of 3.67 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $7.83 billion, a P/E ratio of 23.26, a P/E/G ratio of 1.47 and a beta of 1.37.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The firm 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 business’s revenue for the quarter 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 EPS for the current fiscal year.

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.