Analysts Set Qorvo, Inc. (NASDAQ:QRVO) PT at $102.00

Qorvo, Inc. (NASDAQ:QRVO) has been given a consensus recommendation of “Hold” by the nineteen research firms that are currently covering the stock, Marketbeat reports. Sixteen analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $102.00.

A number of research firms have recently weighed in on QRVO. Citigroup raised Qorvo from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $70.00 to $105.00 in a research note on Tuesday, October 28th. JPMorgan Chase & Co. raised Qorvo from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $92.00 to $105.00 in a report on Tuesday, November 4th. Argus upgraded Qorvo to a “hold” rating in a research note on Wednesday, November 5th. UBS Group increased their price objective on shares of Qorvo from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, Morgan Stanley set a $110.00 target price on shares of Qorvo and gave the stock an “equal weight” rating in a report on Wednesday, October 29th.

Insider Transactions at Qorvo

In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of Qorvo stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total value of $1,293,140.00. Following the sale, the senior vice president directly owned 54,558 shares in the company, valued at approximately $5,183,010. The trade was a 19.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Qorvo

Several large investors have recently made changes to their positions in QRVO. Jericho Capital Asset Management L.P. bought a new position in Qorvo during the first quarter valued at approximately $168,980,000. Contour Asset Management LLC bought a new stake in Qorvo in the 1st quarter worth approximately $151,698,000. Norges Bank purchased a new stake in shares of Qorvo during the 2nd quarter worth approximately $153,994,000. Marshall Wace LLP boosted 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 valued at $74,197,000 after acquiring an additional 809,591 shares during the last quarter. Finally, LSV Asset Management boosted 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 valued at $117,428,000 after acquiring an additional 748,589 shares during the last quarter. 88.57% of the stock is owned by institutional investors.

Qorvo Stock Performance

Shares of NASDAQ QRVO opened at $89.96 on Wednesday. The stock has a market cap of $8.31 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 1.61 and a beta of 1.37. Qorvo has a 1 year low of $49.46 and a 1 year high of $106.30. The firm has a fifty day moving average price of $88.76 and a 200-day moving average price of $86.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.95 and a quick ratio of 2.20.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.19. Qorvo had a net margin of 5.95% and a return on equity of 13.30%. The company had revenue of $1.06 billion during the quarter. During the same period in the prior year, the company posted $1.88 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. Equities analysts anticipate that Qorvo will post 4.09 earnings per share for the current fiscal year.

About Qorvo

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.