Qorvo (NASDAQ:QRVO) Upgraded by Barclays to “Overweight” Rating

Barclays upgraded shares of Qorvo (NASDAQ:QRVO) from an equal weight rating to an overweight rating in a research report report published on Wednesday morning, Marketbeat reports. The brokerage currently has $100.00 price objective on the semiconductor company’s stock, up from their previous price objective of $95.00.

QRVO has been the subject of a number of other research reports. Piper Sandler reissued a “neutral” rating on shares of Qorvo in a report on Wednesday, January 28th. Wolfe Research cut Qorvo from an “outperform” rating to a “peer perform” rating in a report on Friday, April 17th. Craig Hallum reduced their target price on Qorvo from $110.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Morgan Stanley set a $84.00 price target on Qorvo in a research report on Wednesday, January 28th. Finally, UBS Group dropped their price target on Qorvo from $108.00 to $87.00 and set a “neutral” rating for the company in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $93.94.

Qorvo Price Performance

Shares of Qorvo stock opened at $84.98 on Wednesday. The business has a 50 day simple moving average of $80.30 and a two-hundred day simple moving average of $84.00. Qorvo has a 12 month low of $59.58 and a 12 month high of $106.30. The stock has a market capitalization of $7.88 billion, a P/E ratio of 23.41, a PEG ratio of 1.31 and a beta of 1.34. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.89.

Qorvo (NASDAQ:QRVO) last announced its 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 business had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $984.10 million. During the same quarter in the prior year, the firm earned $1.61 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, analysts predict that Qorvo will post 5.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Qorvo

A number of large investors have recently made changes to their positions in QRVO. Jones Financial Companies Lllp grew its position in shares of Qorvo by 440.1% in the first quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock valued at $589,000 after purchasing an additional 6,628 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Qorvo by 158.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,121 shares of the semiconductor company’s stock worth $180,000 after acquiring an additional 1,301 shares during the last quarter. First Trust Advisors LP increased its stake in Qorvo by 56.5% during the second quarter. First Trust Advisors LP now owns 142,503 shares of the semiconductor company’s stock worth $12,100,000 after acquiring an additional 51,475 shares during the last quarter. Marshall Wace LLP acquired a new stake in Qorvo during the second quarter worth $428,000. Finally, Cerity Partners LLC acquired a new stake in Qorvo during the second quarter worth $327,000. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

More Qorvo News

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Barclays upgraded Qorvo from “equal weight” to “overweight” and raised its price target to $100 (from $95), implying meaningful upside versus the recent price — a clear bullish catalyst. Barclays upgrade reported
• Neutral Sentiment: Coverage activity: a Benzinga roundup lists multiple analyst price-target changes and ratings on Qorvo and peer names — this increases volatility and trading interest ahead of earnings but is mixed in directional bias. Analyst forecasts roundup
• Neutral Sentiment: Qorvo confirmed it will release fiscal Q4 2026 results on May 5 (press release available on IR). Earnings day is a key catalyst — results and management guidance will likely drive the next major move. Earnings distribution press release
• Negative Sentiment: Mizuho downgraded Qorvo from “neutral” to “underperform” and cut its price target to $66 (from $70), signaling downside risk of over 20% from recent levels and adding selling pressure. Mizuho downgrade article
• Negative Sentiment: Susquehanna issued a “hold” on Qorvo, which is less bullish than upgrades and may restrain further upside from neutral investors. Susquehanna hold report

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.