Qorvo, Inc. (NASDAQ:QRVO) Given Consensus Recommendation of “Hold” by Analysts

Qorvo, Inc. (NASDAQ:QRVOGet Free Report) has been assigned an average rating of “Hold” from the twenty-one ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $93.5625.

Several brokerages recently weighed in on QRVO. KeyCorp restated a “sector weight” rating on shares of Qorvo in a report on Wednesday. Weiss Ratings cut shares of Qorvo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Benchmark reiterated a “hold” rating on shares of Qorvo in a report on Wednesday. UBS Group cut their price target on shares of Qorvo from $108.00 to $87.00 and set a “neutral” rating on the stock in a report on Tuesday, January 20th. Finally, Susquehanna decreased their price objective on shares of Qorvo from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd.

Read Our Latest Stock Report on QRVO

Key Stories Impacting Qorvo

Here are the key news stories impacting Qorvo this week:

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Qorvo during the second quarter valued at approximately $25,000. Nisa Investment Advisors LLC purchased a new position in Qorvo during the 3rd quarter valued at $25,000. Winnow Wealth LLC bought a new position in Qorvo in the 3rd quarter worth $27,000. Stance Capital LLC bought a new position in Qorvo in the 3rd quarter worth $27,000. Finally, Sound Income Strategies LLC lifted its position in shares of Qorvo by 952.8% in the 4th quarter. Sound Income Strategies LLC now owns 379 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 343 shares during the period. Institutional investors own 88.57% of the company’s stock.

Qorvo Price Performance

Shares of Qorvo stock opened at $77.18 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.20 and a current ratio of 2.95. Qorvo has a 52-week low of $49.46 and a 52-week high of $106.30. The company has a fifty day moving average of $84.58 and a 200-day moving average of $87.69. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 33.41, a price-to-earnings-growth ratio of 1.55 and a beta of 1.36.

Qorvo (NASDAQ:QRVOGet Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.24. Qorvo had a net margin of 9.11% and a return on equity of 14.83%. The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $984.10 million. During the same period in the previous year, the firm posted $1.61 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities research analysts expect that Qorvo will post 4.09 EPS for the current year.

About Qorvo

(Get Free Report)

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.

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Analyst Recommendations for Qorvo (NASDAQ:QRVO)

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