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

Qorvo, Inc. (NASDAQ:QRVO) has earned a consensus recommendation of “Hold” from the twenty research firms that are presently covering the firm, MarketBeat Ratings reports. Seventeen analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $93.8750.

A number of equities analysts recently commented on the stock. Piper Sandler reiterated a “neutral” rating on shares of Qorvo in a research report on Wednesday, January 28th. TD Cowen decreased their target price on shares of Qorvo from $95.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. Morgan Stanley set a $84.00 target price on shares of Qorvo in a research report on Wednesday, January 28th. Mizuho decreased their target price on shares of Qorvo from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Finally, Weiss Ratings upgraded shares of Qorvo from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, January 29th.

Qorvo Stock Performance

Qorvo stock opened at $79.43 on Tuesday. The firm’s fifty day moving average price is $80.35 and its 200-day moving average price is $84.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.89 and a current ratio of 3.67. The stock has a market cap of $7.36 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. Qorvo has a fifty-two week low of $49.46 and a fifty-two week high of $106.30.

Qorvo (NASDAQ:QRVO) last posted 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 analysts’ expectations of $984.10 million. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company posted $1.61 EPS. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, equities research analysts expect that Qorvo will post 4.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Qorvo

A number of large investors have recently added to or reduced their stakes in the company. Sage Rhino Capital LLC grew its holdings in Qorvo by 4.4% in the 3rd quarter. Sage Rhino Capital LLC now owns 3,758 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 160 shares during the last quarter. Fred Alger Management LLC grew its holdings in Qorvo by 5.3% in the 3rd quarter. Fred Alger Management LLC now owns 3,179 shares of the semiconductor company’s stock worth $290,000 after acquiring an additional 160 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its stake 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 valued at $254,000 after purchasing an additional 161 shares in the last quarter. Versant Capital Management Inc boosted its stake 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 valued at $377,000 after purchasing an additional 177 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Qorvo by 60.0% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 88.57% of the company’s stock.

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.