Qorvo (NASDAQ:QRVO) Updates FY 2027 Earnings Guidance

Qorvo (NASDAQ:QRVO) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share guidance of 7.000-7.000 for the period, compared to the consensus earnings per share estimate of 6.530. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup lowered their target price on shares of Qorvo from $105.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Piper Sandler reaffirmed a “neutral” rating on shares of Qorvo in a research note on Wednesday, January 28th. Stifel Nicolaus lowered their target price on shares of Qorvo from $88.00 to $85.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Barclays raised shares of Qorvo from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $95.00 to $100.00 in a research note on Wednesday, April 22nd. Finally, TD Cowen lowered their target price on shares of Qorvo from $95.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $93.94.

Qorvo Stock Up 4.1%

Shares of NASDAQ QRVO traded up $3.82 during midday trading on Tuesday, hitting $96.35. The company’s stock had a trading volume of 1,645,143 shares, compared to its average volume of 1,289,533. The business’s fifty day simple moving average is $80.75 and its two-hundred day simple moving average is $83.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.89. Qorvo has a 1 year low of $69.03 and a 1 year high of $106.30. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.21 by $0.25. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. On average, equities analysts predict that Qorvo will post 5.29 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in QRVO. Fred Alger Management LLC lifted its stake in Qorvo by 5.3% in the third quarter. Fred Alger Management LLC now owns 3,179 shares of the semiconductor company’s stock worth $290,000 after acquiring an additional 160 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Qorvo by 60.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 180 shares during the last quarter. Lido Advisors LLC lifted its stake in Qorvo by 4.1% in the fourth quarter. Lido Advisors LLC now owns 4,816 shares of the semiconductor company’s stock worth $431,000 after acquiring an additional 191 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Qorvo by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,042 shares of the semiconductor company’s stock worth $1,018,000 after acquiring an additional 198 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Qorvo by 13.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,707 shares of the semiconductor company’s stock worth $144,000 after acquiring an additional 207 shares during the last quarter. Hedge funds and other 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.