Qorvo (NASDAQ:QRVO) Price Target Cut to $90.00 by Analysts at Piper Sandler

Qorvo (NASDAQ:QRVO) had its target price cut by equities research analysts at Piper Sandler from $110.00 to $90.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. Piper Sandler’s target price would suggest a potential upside of 8.68% from the stock’s previous close.

Several other brokerages also recently weighed in on QRVO. JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $92.00 to $105.00 in a research note on Tuesday, November 4th. Zacks Research lowered Qorvo from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Cfra reiterated a “hold” rating and issued a $122.00 target price on shares of Qorvo in a report on Tuesday, October 28th. TD Cowen lowered their target price on Qorvo from $95.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Susquehanna reduced their price target on Qorvo from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $96.13.

Qorvo Price Performance

NASDAQ:QRVO opened at $82.81 on Wednesday. Qorvo has a 52 week low of $49.46 and a 52 week high of $106.30. The stock’s fifty day moving average is $84.67 and its two-hundred day moving average is $87.77. The company has a market capitalization of $7.65 billion, a P/E ratio of 35.85, a P/E/G ratio of 1.54 and a beta of 1.36. The company has a quick ratio of 2.20, a current ratio of 2.95 and a debt-to-equity ratio of 0.44.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share (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%. Qorvo’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $1.88 earnings per share. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. Equities analysts expect that Qorvo will post 4.09 EPS for the current year.

Hedge Funds Weigh In On Qorvo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its holdings in Qorvo by 440.1% during the first quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock worth $589,000 after purchasing an additional 6,628 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Qorvo by 1.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock valued at $682,000 after buying an additional 118 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Qorvo by 0.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 30,974 shares of the semiconductor company’s stock valued at $2,630,000 after buying an additional 203 shares during the last quarter. Signaturefd LLC raised its stake in Qorvo by 134.6% during the 2nd quarter. Signaturefd LLC now owns 1,553 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 891 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Qorvo by 61.6% in the second quarter. Janney Montgomery Scott LLC now owns 10,901 shares of the semiconductor company’s stock valued at $926,000 after acquiring an additional 4,157 shares during the last quarter. 88.57% of the stock is owned by institutional investors and hedge funds.

Qorvo News Roundup

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.