Qorvo, Inc. (NASDAQ:QRVO) Receives $93.56 Average PT from Brokerages

Shares of Qorvo, Inc. (NASDAQ:QRVO) have received a consensus rating of “Hold” from the twenty brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $93.5625.

A number of research firms have recently commented on QRVO. Stifel Nicolaus dropped their target price on shares of Qorvo from $88.00 to $85.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. KeyCorp reissued a “sector weight” rating on shares of Qorvo in a report on Wednesday, January 28th. Weiss Ratings raised Qorvo from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, January 29th. Citigroup cut their price target on Qorvo from $105.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Finally, Cfra reaffirmed a “hold” rating and issued a $122.00 price objective on shares of Qorvo in a research note on Tuesday, October 28th.

Institutional Investors Weigh In On Qorvo

Institutional investors have recently added to or reduced their stakes in the business. Sage Rhino Capital LLC raised its holdings in shares of Qorvo by 4.4% during the third quarter. Sage Rhino Capital LLC now owns 3,758 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 160 shares in the last quarter. Fred Alger Management LLC boosted its stake in Qorvo by 5.3% in the 3rd quarter. Fred Alger Management LLC now owns 3,179 shares of the semiconductor company’s stock worth $290,000 after purchasing an additional 160 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its holdings in shares of Qorvo by 5.7% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 3,001 shares of the semiconductor company’s stock worth $254,000 after purchasing an additional 161 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Qorvo by 4.5% during the third quarter. Versant Capital Management Inc now owns 4,139 shares of the semiconductor company’s stock valued at $377,000 after purchasing an additional 177 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Qorvo by 60.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 180 shares during the period. 88.57% of the stock is owned by hedge funds and other institutional investors.

Qorvo Price Performance

QRVO opened at $84.06 on Monday. 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 stock has a market capitalization of $7.79 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 1.46 and a beta of 1.37. The company’s 50 day simple moving average is $83.38 and its 200-day simple moving average is $87.25. Qorvo has a one year low of $49.46 and a one year high of $106.30.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings data on Tuesday, January 27th. The semiconductor company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The business had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $984.10 million. During the same period in the previous year, the firm earned $1.61 earnings per share. 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. Sell-side analysts anticipate that Qorvo will post 4.09 earnings per share for the current fiscal year.

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.