Qorvo (NASDAQ:QRVO) Price Target Cut to $85.00 by Analysts at Stifel Nicolaus

Qorvo (NASDAQ:QRVO) had its price objective decreased by Stifel Nicolaus from $88.00 to $85.00 in a research note released on Wednesday morning, Marketbeat reports. Stifel Nicolaus currently has a hold rating on the semiconductor company’s stock.

Several other equities research analysts have also commented on the company. Mizuho cut their price objective on Qorvo from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday. Argus raised shares of Qorvo to a “hold” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. raised 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 note on Tuesday, November 4th. Citigroup upgraded shares of Qorvo from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $70.00 to $105.00 in a report on Tuesday, October 28th. Finally, Cfra reaffirmed a “hold” rating and issued a $122.00 target price on shares of Qorvo in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $93.56.

Qorvo Stock Performance

QRVO opened at $77.18 on Wednesday. The firm has a market capitalization of $7.13 billion, a PE ratio of 33.41, a P/E/G ratio of 1.55 and a beta of 1.36. The firm has a 50 day moving average of $84.58 and a two-hundred day moving average of $87.69. Qorvo has a 12-month low of $49.46 and a 12-month high of $106.30. The company has a current ratio of 2.95, a quick ratio of 2.20 and a debt-to-equity ratio of 0.44.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.24. Qorvo had a return on equity of 14.83% and a net margin of 9.11%.The company had revenue of $993.00 million during the quarter, compared to the consensus estimate of $984.10 million. During the same period in the previous year, the company posted $1.61 earnings per share. Qorvo’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. On average, analysts anticipate that Qorvo will post 4.09 EPS for the current year.

Hedge Funds Weigh In On Qorvo

Several large investors have recently bought and sold shares of QRVO. Jones Financial Companies Lllp increased its stake in 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 during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Qorvo by 1.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock valued at $682,000 after acquiring an additional 118 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Qorvo by 0.7% during the second quarter. Public Employees Retirement System of Ohio now owns 30,974 shares of the semiconductor company’s stock worth $2,630,000 after purchasing an additional 203 shares during the last quarter. Signaturefd LLC increased its position in shares of Qorvo by 134.6% during the second quarter. Signaturefd LLC now owns 1,553 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 891 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Qorvo by 61.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 10,901 shares of the semiconductor company’s stock valued at $926,000 after purchasing an additional 4,157 shares during the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Key Headlines Impacting Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Q3 results beat expectations — EPS $2.17 vs. consensus ~$1.93 and revenue $993M vs. ~$984M; company reported growth in smartphone, Wi‑Fi and automotive UWB end markets, supporting near‑term profitability improvements. Read More.
• Positive Sentiment: Earnings commentary highlighted margin expansion and profit focus even as revenue normalizes — analysts note improving profitability offsets some top‑line concerns. Read More.
• Neutral Sentiment: Analysts and transcripts: Full earnings call and transcript are available for those modeling FY guidance and segment trends. Useful for parsing management’s color on Android/handset exposure and non‑smartphone growth. Read More.
• Neutral Sentiment: Merger/legals: Qorvo issued supplemental disclosures tied to the previously announced Skyworks acquisition and related litigation — watch for any deal/timing implications. Read More.
• Negative Sentiment: Weak Q4 guidance drove the selloff — management guided Q4 EPS to $1.05–1.35 (consensus ~1.23) and revenue to $775–825M vs. consensus ~901.5M, signaling a sizable near‑term revenue shortfall vs. street expectations. Read More.
• Negative Sentiment: Multiple firms cut price targets and trimmed upside (examples: Piper Sandler, Mizuho, TD Cowen, Citi), reflecting reduced revenue visibility and prompting downward re‑ratings. Read More.
• Negative Sentiment: Short interest rose materially in January (≈50% jump to ~3.37M shares), increasing bearish pressure and adding liquidity to downside moves amid the weaker outlook.

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.