Qorvo (NASDAQ:QRVO) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Qorvo (NASDAQ:QRVO) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Argus upgraded Qorvo to a “hold” rating in a research note on Wednesday, November 5th. Cfra reiterated a “hold” rating and issued a $122.00 target price on shares of Qorvo in a research report on Tuesday, October 28th. UBS Group dropped their target price on shares of Qorvo from $108.00 to $87.00 and set a “neutral” rating for the company in a report on Tuesday. Mizuho set a $85.00 price target on shares of Qorvo in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. upgraded shares of Qorvo from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $92.00 to $105.00 in a research report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Qorvo currently has a consensus rating of “Hold” and a consensus price target of $100.07.

Qorvo Stock Down 0.3%

NASDAQ QRVO opened at $79.85 on Monday. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 1.50 and a beta of 1.36. The company has a current ratio of 2.95, a quick ratio of 2.20 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $84.93 and a 200-day moving average of $88.01. Qorvo has a 1-year low of $49.46 and a 1-year high of $106.30.

Qorvo (NASDAQ:QRVO) last released its earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.19. The firm had revenue of $1.06 billion during the quarter. Qorvo had a return on equity of 13.30% and a net margin of 5.95%.The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 earnings per share. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. On average, equities research analysts expect that Qorvo will post 4.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Qorvo

Hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC acquired a new position in Qorvo in the 3rd quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Qorvo in the second quarter valued at $25,000. Winnow Wealth LLC bought a new position in Qorvo during the 3rd quarter worth $27,000. Stance Capital LLC acquired a new position in Qorvo during the 3rd quarter worth about $27,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of Qorvo in the 3rd quarter valued at about $34,000. 88.57% of the stock is currently owned by institutional investors and hedge funds.

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.