What is KeyCorp’s Forecast for Qorvo Q1 Earnings?

Qorvo, Inc. (NASDAQ:QRVO) – Investment analysts at KeyCorp issued their Q1 2027 earnings per share (EPS) estimates for Qorvo in a report released on Monday, July 13th. KeyCorp analyst J. Vinh anticipates that the semiconductor company will earn $0.88 per share for the quarter. The consensus estimate for Qorvo’s current full-year earnings is $5.83 per share. KeyCorp also issued estimates for Qorvo’s Q2 2027 earnings at $1.56 EPS, Q3 2027 earnings at $1.84 EPS, Q4 2027 earnings at $1.46 EPS and FY2027 earnings at $5.74 EPS.

Qorvo (NASDAQ:QRVO) last announced its earnings results on Tuesday, May 5th. The semiconductor company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.48. The business had revenue of $808.28 million for the quarter, compared to analyst estimates of $801.31 million. Qorvo had a return on equity of 15.32% and a net margin of 9.22%.Qorvo’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.42 EPS. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Qorvo from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Qorvo from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. UBS Group raised their target price on shares of Qorvo from $87.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wolfe Research downgraded shares of Qorvo from an “outperform” rating to a “peer perform” rating in a research report on Friday, April 17th. Finally, Barclays upgraded shares of Qorvo from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $100.00 in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Qorvo has a consensus rating of “Hold” and an average price target of $97.07.

Qorvo Trading Up 2.4%

NASDAQ:QRVO opened at $85.50 on Friday. Qorvo has a twelve month low of $74.92 and a twelve month high of $109.49. The company has a quick ratio of 2.46, a current ratio of 3.24 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $95.07 and a two-hundred day moving average price of $86.50. The company has a market cap of $7.54 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 1.31 and a beta of 1.44.

Institutional Trading of Qorvo

A number of large investors have recently added to or reduced their stakes in QRVO. Jones Financial Companies Lllp lifted its stake in Qorvo by 440.1% in the 1st 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 during the last quarter. EverSource Wealth Advisors LLC increased its position 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 buying an additional 1,301 shares during the last quarter. First Trust Advisors LP increased its position 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 buying an additional 51,475 shares during the last quarter. Marshall Wace LLP acquired a new position in Qorvo during the second quarter worth approximately $428,000. Finally, Cerity Partners LLC bought a new stake in Qorvo in the second quarter valued at approximately $327,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

Insider Buying and Selling

In other news, Director Peter A. Feld sold 1,900,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $101.20, for a total transaction of $192,280,000.00. Following the sale, the director owned 5,611,526 shares in the company, valued at $567,886,431.20. This represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Gina Harrison sold 4,714 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $100.00, for a total value of $471,400.00. Following the sale, the vice president owned 24,429 shares in the company, valued at approximately $2,442,900. This represents a 16.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,966,127 shares of company stock worth $198,911,103 over the last 90 days. Company insiders own 0.49% 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.