Qorvo (NASDAQ:QRVO) Given Hold Rating at Benchmark

Benchmark reissued their hold rating on shares of Qorvo (NASDAQ:QRVO) in a report released on Wednesday morning,Benzinga reports.

Other analysts have also recently issued reports about the company. Citigroup lowered their target price on Qorvo from $105.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday. Susquehanna lowered their price objective on shares of Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Cfra Research raised shares of Qorvo to a “hold” rating in a research report on Tuesday, October 28th. Piper Sandler reduced their target price on shares of Qorvo from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, TD Cowen dropped their price target on Qorvo from $95.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $93.56.

Qorvo Trading Down 6.8%

Shares of NASDAQ QRVO opened at $77.18 on Wednesday. The company has a quick ratio of 2.20, a current ratio of 2.95 and a debt-to-equity ratio of 0.44. Qorvo has a twelve month low of $49.46 and a twelve month high of $106.30. The company’s fifty day moving average is $84.58 and its 200-day moving average is $87.69. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 1.55 and a beta of 1.36.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings data on Tuesday, January 27th. The semiconductor company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.24. The business had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $984.10 million. Qorvo had a net margin of 9.11% and a return on equity of 14.83%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 EPS. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities research analysts predict that Qorvo will post 4.09 EPS for the current year.

Hedge Funds Weigh In On Qorvo

A number of large investors have recently modified their holdings of QRVO. Jones Financial Companies Lllp increased its position in shares of Qorvo by 440.1% in the first quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock valued at $589,000 after acquiring an additional 6,628 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Qorvo by 1.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock valued at $682,000 after purchasing an additional 118 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Qorvo by 0.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 30,974 shares of the semiconductor company’s stock worth $2,630,000 after purchasing an additional 203 shares during the last quarter. Signaturefd LLC raised its stake in shares of Qorvo by 134.6% during the 2nd quarter. Signaturefd LLC now owns 1,553 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 891 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Qorvo by 61.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 10,901 shares of the semiconductor company’s stock valued at $926,000 after buying an additional 4,157 shares during the last quarter. 88.57% of the stock is currently owned by institutional investors and hedge funds.

More Qorvo News

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Q3 results beat expectations — EPS $2.17 vs. consensus ~$1.93 and revenue $993M vs. ~$984M; company reported growth in smartphone, Wi‑Fi and automotive UWB end markets, supporting near‑term profitability improvements. Read More.
• Positive Sentiment: Earnings commentary highlighted margin expansion and profit focus even as revenue normalizes — analysts note improving profitability offsets some top‑line concerns. Read More.
• Neutral Sentiment: Analysts and transcripts: Full earnings call and transcript are available for those modeling FY guidance and segment trends. Useful for parsing management’s color on Android/handset exposure and non‑smartphone growth. Read More.
• Neutral Sentiment: Merger/legals: Qorvo issued supplemental disclosures tied to the previously announced Skyworks acquisition and related litigation — watch for any deal/timing implications. Read More.
• Negative Sentiment: Weak Q4 guidance drove the selloff — management guided Q4 EPS to $1.05–1.35 (consensus ~1.23) and revenue to $775–825M vs. consensus ~901.5M, signaling a sizable near‑term revenue shortfall vs. street expectations. Read More.
• Negative Sentiment: Multiple firms cut price targets and trimmed upside (examples: Piper Sandler, Mizuho, TD Cowen, Citi), reflecting reduced revenue visibility and prompting downward re‑ratings. Read More.
• Negative Sentiment: Short interest rose materially in January (≈50% jump to ~3.37M shares), increasing bearish pressure and adding liquidity to downside moves amid the weaker outlook.

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.