Qorvo (NASDAQ:QRVO) Rating Lowered to “Strong Sell” at Mizuho

Qorvo (NASDAQ:QRVO) was downgraded by analysts at Mizuho from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday, Marketbeat.com reports. They presently have a $66.00 target price on the semiconductor company’s stock, down from their previous target price of $70.00. Mizuho’s price objective points to a potential downside of 20.57% from the stock’s current price.

QRVO has been the topic of several other reports. Zacks Research lowered Qorvo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Susquehanna decreased their price objective on Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Benchmark reaffirmed a “hold” rating on shares of Qorvo in a research note on Wednesday, January 28th. Wolfe Research downgraded Qorvo from an “outperform” rating to a “peer perform” rating in a report on Friday. Finally, Barclays increased their price target on shares of Qorvo from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $93.63.

Qorvo Trading Up 0.6%

Qorvo stock opened at $83.09 on Monday. The company has a 50 day moving average price of $80.32 and a 200 day moving average price of $84.00. Qorvo has a 52 week low of $58.23 and a 52 week high of $106.30. 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 firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 22.89, a P/E/G ratio of 1.30 and a beta of 1.34.

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, topping 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 company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 EPS. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Research analysts forecast that Qorvo will post 5.29 EPS for the current year.

Institutional Trading of Qorvo

Institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new stake in shares of Qorvo during the 3rd quarter worth about $25,000. Winnow Wealth LLC acquired a new stake in shares of Qorvo during the 3rd quarter valued at about $27,000. Stance Capital LLC bought a new stake in shares of Qorvo in the 3rd quarter valued at approximately $27,000. Smartleaf Asset Management LLC increased its holdings in Qorvo by 215.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company’s stock worth $29,000 after buying an additional 231 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in Qorvo in the third quarter worth approximately $34,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

About Qorvo

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.