Benchmark Reaffirms Hold Rating for Qorvo (NASDAQ:QRVO)

Qorvo (NASDAQ:QRVO)‘s stock had its “hold” rating restated by research analysts at Benchmark in a research report issued on Wednesday,Benzinga reports.

Several other research firms have also commented on QRVO. Cfra reissued a “hold” rating and set a $122.00 price target on shares of Qorvo in a research report on Tuesday, October 28th. Argus upgraded shares of Qorvo to a “hold” rating in a research note on Wednesday, November 5th. Citigroup lowered their price target on shares of Qorvo from $105.00 to $90.00 and set a “neutral” rating for the company in a report on Wednesday. Weiss Ratings lowered shares of Qorvo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $92.00 to $105.00 in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $93.56.

Qorvo Price Performance

Qorvo stock opened at $78.11 on Wednesday. The firm has a fifty day moving average of $84.56 and a 200-day moving average of $87.63. Qorvo has a 52-week low of $49.46 and a 52-week high of $106.30. The company has a quick ratio of 2.20, a current ratio of 3.67 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $7.22 billion, a P/E ratio of 21.52, a PEG ratio of 1.44 and a beta of 1.36.

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 the consensus estimate of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The firm had revenue of $993.00 million during the quarter, compared to the consensus estimate of $984.10 million. During the same period in the prior year, the firm earned $1.61 EPS. The firm’s quarterly 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 4.09 EPS for the current year.

Institutional Trading of Qorvo

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in Qorvo during the 2nd quarter worth $153,994,000. Marshall Wace LLP boosted its holdings in shares of Qorvo by 16,066.5% during the third quarter. Marshall Wace LLP now owns 814,630 shares of the semiconductor company’s stock valued at $74,197,000 after acquiring an additional 809,591 shares during the period. LSV Asset Management grew its position in shares of Qorvo by 118.0% during the second quarter. LSV Asset Management now owns 1,382,970 shares of the semiconductor company’s stock worth $117,428,000 after acquiring an additional 748,589 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Qorvo in the 3rd quarter worth about $66,594,000. Finally, Dorsal Capital Management LP increased its holdings in shares of Qorvo by 146.9% in the 3rd quarter. Dorsal Capital Management LP now owns 1,000,000 shares of the semiconductor company’s stock worth $91,080,000 after acquiring an additional 595,000 shares during the period. 88.57% of the stock is owned by institutional investors.

Qorvo News Roundup

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Q3 results topped expectations: EPS $2.17 vs. $1.93 est and revenue $993M vs. $984M est, with strength in smartphone, Wi‑Fi and automotive UWB and management pointing to profit-focused execution. This supports upside from margin improvement and cash flow. Qorvo Q3 Earnings Surpass Estimates
• Positive Sentiment: Some bullish analyst/commentary views see long‑term upside from the company’s exit of low‑margin businesses, cost restructuring and expected merger synergies (Skyworks), arguing this could lift margins and EPS over time. Qorvo: Business Transitions Can Be Tough
• Neutral Sentiment: Qorvo issued supplemental disclosures tied to the proposed Skyworks acquisition and related litigation — an overhang that could delay or complicate deal timing but isn’t new. Monitor legal updates for potential volatility. Qorvo Issues Supplemental Disclosures
• Negative Sentiment: Guidance disappointed: Q4 EPS guided to $1.05–$1.35 and revenue to $775M–$825M vs. consensus near $901.5M — the revenue reset and cautious outlook on Android demand drove concern about near‑term growth. Qorvo tumbles amid weak Q4 outlook
• Negative Sentiment: Multiple firms trimmed price targets and some ratings were moved to neutral/hold, citing a weaker long‑term revenue outlook despite improving profitability — analyst downgrades can cap near‑term upside and weigh on sentiment. Qorvo Stock: Long-Term Outlook Remains Unconvincing
• Negative Sentiment: Short interest jumped ~50% in January to ~3.37M shares (about 3.7% of float), increasing the potential for near‑term selling pressure or volatile squeezes around headline events.

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.