Qorvo (NASDAQ:QRVO) Issues FY 2027 Earnings Guidance

Qorvo (NASDAQ:QRVO) issued an update on its FY 2027 earnings guidance on Tuesday. The company provided EPS guidance of 7.000-7.000 for the period, compared to the consensus estimate of 6.690. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of research firms have recently weighed in on QRVO. JPMorgan Chase & Co. raised their target price on Qorvo from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. UBS Group increased their price target on Qorvo from $87.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Qorvo in a research note on Friday. Wolfe Research downgraded shares of Qorvo from an “outperform” rating to a “peer perform” rating in a report on Friday, April 17th. Finally, Wall Street Zen lowered shares of Qorvo from a “buy” rating to a “hold” rating in a research note on Saturday. Three research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $97.07.

Qorvo Stock Performance

QRVO traded up $2.00 during trading hours on Tuesday, hitting $91.76. The stock had a trading volume of 1,879,373 shares, compared to its average volume of 1,281,775. The company’s fifty day simple moving average is $94.58 and its 200 day simple moving average is $86.59. Qorvo has a 1 year low of $74.92 and a 1 year high of $109.49. The stock has a market cap of $8.10 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.44. The company has a quick ratio of 2.46, a current ratio of 3.24 and a debt-to-equity ratio of 0.46.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.53. Qorvo had a return on equity of 15.32% and a net margin of 9.22%.The firm had revenue of $784.79 million during the quarter, compared to analyst estimates of $743.28 million. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. Equities analysts anticipate that Qorvo will post 5.83 earnings per share for the current year.

Insider Activity at Qorvo

In other news, SVP Paul J. Fego sold 2,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the sale, the senior vice president owned 71,038 shares in the company, valued at approximately $7,103,800. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Gina Harrison sold 4,714 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $100.00, for a total value of $471,400.00. Following the sale, the vice president owned 24,429 shares in the company, valued at $2,442,900. The trade was a 16.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,966,127 shares of company stock valued at $198,911,103. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp boosted its position in Qorvo by 5.0% during the 2nd quarter. State Street Corp now owns 3,704,113 shares of the semiconductor company’s stock valued at $314,516,000 after buying an additional 175,031 shares during the period. FIL Ltd raised its stake in shares of Qorvo by 13.2% during the fourth quarter. FIL Ltd now owns 3,610,045 shares of the semiconductor company’s stock valued at $305,085,000 after acquiring an additional 421,224 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Qorvo by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,869,834 shares of the semiconductor company’s stock worth $158,027,000 after purchasing an additional 142,731 shares during the period. Bank of America Corp DE boosted its holdings in shares of Qorvo by 20.2% during the second quarter. Bank of America Corp DE now owns 1,518,964 shares of the semiconductor company’s stock worth $128,975,000 after purchasing an additional 255,068 shares during the period. Finally, AQR Arbitrage LLC bought a new stake in shares of Qorvo in the fourth quarter worth about $118,204,000. Institutional investors own 88.57% of the company’s stock.

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.