Mizuho Has Lowered Expectations for Qorvo (NASDAQ:QRVO) Stock Price

Qorvo (NASDAQ:QRVO) had its price objective reduced by Mizuho from $85.00 to $70.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. Mizuho’s price target indicates a potential downside of 15.47% from the stock’s previous close.

A number of other brokerages have also recently issued reports on QRVO. TD Cowen dropped their target price on shares of Qorvo from $95.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $92.00 to $105.00 in a report on Tuesday, November 4th. Piper Sandler cut 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. Morgan Stanley set a $110.00 target price on Qorvo and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Finally, Cfra Research raised Qorvo to a “hold” rating in a report on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $96.13.

Qorvo Price Performance

Qorvo stock opened at $82.81 on Wednesday. The business has a 50 day simple moving average of $84.67 and a 200 day simple moving average of $87.77. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.95 and a quick ratio of 2.20. The company has a market capitalization of $7.65 billion, a PE ratio of 35.85, a price-to-earnings-growth ratio of 1.54 and a beta of 1.36. 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 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. Qorvo had a return on equity of 13.30% and a net margin of 5.95%.The firm had revenue of $1.06 billion for the quarter. During the same quarter last year, the company earned $1.88 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. On average, sell-side analysts forecast that Qorvo will post 4.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Qorvo

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in Qorvo in the second quarter valued at about $153,994,000. Marshall Wace LLP grew its position in shares of Qorvo by 16,066.5% during the 3rd quarter. Marshall Wace LLP now owns 814,630 shares of the semiconductor company’s stock worth $74,197,000 after buying an additional 809,591 shares during the period. LSV Asset Management grew its position in shares of Qorvo by 118.0% during the 2nd quarter. LSV Asset Management now owns 1,382,970 shares of the semiconductor company’s stock worth $117,428,000 after buying an additional 748,589 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Qorvo during the third quarter worth approximately $66,594,000. Finally, Dorsal Capital Management LP lifted its holdings in Qorvo by 146.9% in the third quarter. Dorsal Capital Management LP now owns 1,000,000 shares of the semiconductor company’s stock valued at $91,080,000 after buying an additional 595,000 shares during the period. Institutional investors own 88.57% of the company’s stock.

Key Qorvo News

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Qorvo reported fiscal Q3 results that beat consensus — EPS of $2.17 and revenue of $993M, with revenue up ~8.4% year-over-year. This demonstrated solid near-term profitability and top-line strength. Qorvo Announces Fiscal 2026 Third-Quarter Financial Results
• Positive Sentiment: Coverage and analysis note the quarter-beat on EPS and revenue, underscoring improving margins and profitability metrics that supported the reported beat. Qorvo (QRVO) Surpasses Q3 Earnings and Revenue Estimates
• Neutral Sentiment: Full earnings call transcript and management commentary are available for investors who want detail on segment trends and product demand. These may provide clarity but so far haven’t offset guidance concerns. Qorvo, Inc. (QRVO) Q3 2026 Earnings Call Transcript
• Negative Sentiment: Qorvo’s updated fiscal Q4 2026 guidance disappointed: EPS guidance of $1.05–$1.35 (consensus ~$1.23) and revenue guidance of $775M–$825M well below the ~$901.5M consensus — the weak top-line outlook drove after-hours selling. Qorvo Announces Fiscal 2026 Third-Quarter Financial Results
• Negative Sentiment: TD Cowen cut its price target to $80 (from $95) and kept a Hold rating, citing improving profitability but a weak long-term revenue outlook — this analyst move reinforces downward expectations. Qorvo: Improving Profitability Offset by Weak Long-Term Revenue Outlook Supports Hold Rating
• Negative Sentiment: Short interest rose sharply in January (up ~50.6% to ~3.37M shares as of Jan. 15), increasing selling pressure and signaling bearish positioning by some investors; short-interest ratio ~3.0 days and ~3.7% of shares short.

About Qorvo

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.