Barclays Issues Positive Forecast for Qorvo (NASDAQ:QRVO) Stock Price

Qorvo (NASDAQ:QRVO) had its price target boosted by Barclays from $90.00 to $95.00 in a report issued on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the semiconductor company’s stock.

Other research analysts have also recently issued reports about the company. Craig Hallum reduced their price target on Qorvo from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $92.00 to $105.00 in a report on Tuesday, November 4th. Argus upgraded shares of Qorvo to a “hold” rating in a research note on Wednesday, November 5th. Piper Sandler reissued a “neutral” rating on shares of Qorvo in a report on Wednesday, January 28th. Finally, Mizuho cut their price objective on shares of Qorvo from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating and eighteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $93.88.

Qorvo Stock Down 0.8%

NASDAQ:QRVO opened at $81.27 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.89. The company’s fifty day moving average price is $82.55 and its 200-day moving average price is $86.91. Qorvo has a 1-year low of $49.46 and a 1-year high of $106.30. The firm has a market capitalization of $7.53 billion, a P/E ratio of 22.39, a PEG ratio of 1.42 and a beta of 1.35.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 EPS 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 net margin of 9.11% and a return on equity of 14.57%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period 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. As a group, equities research analysts anticipate that Qorvo will post 4.09 EPS for the current year.

Institutional Investors Weigh In On Qorvo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC purchased a new stake in Qorvo in the second quarter valued at $25,000. Nisa Investment Advisors LLC acquired a new position in Qorvo during the third quarter worth $25,000. Winnow Wealth LLC purchased a new position in shares of Qorvo during the third quarter worth $27,000. Stance Capital LLC acquired a new stake in shares of Qorvo in the third quarter valued at $27,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Qorvo by 215.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 231 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

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.