Qorvo (NASDAQ:QRVO) Given New $95.00 Price Target at Craig Hallum

Qorvo (NASDAQ:QRVO) had its price objective cut by Craig Hallum from $110.00 to $95.00 in a research note released on Wednesday morning, Marketbeat reports. They currently have a buy rating on the semiconductor company’s stock.

Several other equities analysts also recently weighed in on QRVO. JPMorgan Chase & Co. upgraded shares of Qorvo from an “underweight” rating to a “neutral” rating and raised their target price for the company from $92.00 to $105.00 in a report on Tuesday, November 4th. Susquehanna dropped their price objective on shares of Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Zacks Research lowered Qorvo from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Argus raised Qorvo to a “hold” rating in a research report on Wednesday, November 5th. Finally, Citigroup raised Qorvo from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $70.00 to $105.00 in a report on Tuesday, October 28th. Two research 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $93.56.

Qorvo Stock Performance

Shares of QRVO stock opened at $77.18 on Wednesday. The stock has a fifty day moving average price of $84.58 and a 200 day moving average price of $87.69. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.20 and a current ratio of 2.95. The stock has a market cap of $7.13 billion, a PE ratio of 33.41, a P/E/G ratio of 1.55 and a beta of 1.36. Qorvo has a 1 year low of $49.46 and a 1 year high of $106.30.

Qorvo (NASDAQ:QRVO) last posted its earnings results 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 company had revenue of $993.00 million for the quarter, compared to analyst estimates of $984.10 million. Qorvo had a return on equity of 14.83% and a net margin of 9.11%.Qorvo’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.61 earnings per share. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Sell-side analysts forecast that Qorvo will post 4.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Qorvo

Several hedge funds have recently made changes to their positions in the business. Lecap Asset Management Ltd. acquired a new stake in Qorvo in the 3rd quarter valued at $2,689,000. Norges Bank purchased a new stake in shares of Qorvo in the second quarter worth about $153,994,000. Seizert Capital Partners LLC acquired a new stake in shares of Qorvo in the third quarter valued at about $2,092,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Qorvo during the 2nd quarter valued at about $2,758,000. Finally, Vinva Investment Management Ltd acquired a new position in Qorvo during the 2nd quarter worth approximately $507,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

Qorvo News Roundup

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.

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.