Qorvo, Inc. (NASDAQ:QRVO) Receives Consensus Rating of “Hold” from Brokerages

Qorvo, Inc. (NASDAQ:QRVO) has been given a consensus rating of “Hold” by the twenty analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $99.7333.

Several analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of 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 research note on Tuesday, November 4th. Cfra reiterated a “hold” rating and issued a $122.00 price objective on shares of Qorvo in a report on Tuesday, October 28th. Zacks Research cut Qorvo from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Cfra Research raised Qorvo to a “hold” rating in a research note on Tuesday, October 28th. Finally, Susquehanna lowered their price objective on Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday.

Qorvo Stock Performance

Shares of NASDAQ QRVO opened at $82.50 on Thursday. The stock’s 50-day moving average is $84.64 and its 200 day moving average is $87.81. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 35.71, a P/E/G ratio of 1.51 and a beta of 1.36. Qorvo has a 1-year low of $49.46 and a 1-year high of $106.30. The company has a current ratio of 2.95, a quick ratio of 2.20 and a debt-to-equity ratio of 0.44.

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

Institutional Investors Weigh In On Qorvo

Large investors have recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of Qorvo during the second quarter valued at about $25,000. Nisa Investment Advisors LLC bought a new position in Qorvo during the 3rd quarter valued at approximately $25,000. Winnow Wealth LLC bought a new position in Qorvo during the 3rd quarter valued at approximately $27,000. Stance Capital LLC purchased a new stake in Qorvo in the 3rd quarter worth approximately $27,000. Finally, Sound Income Strategies LLC grew its position in shares of Qorvo by 952.8% in the 4th quarter. Sound Income Strategies LLC now owns 379 shares of the semiconductor company’s stock worth $30,000 after buying an additional 343 shares during the last quarter. 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.