Qorvo, Inc. (NASDAQ:QRVO) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Qorvo, Inc. (NASDAQ:QRVO) has received a consensus rating of "Hold" from 19 brokerages, with 4 sell ratings, 10 hold ratings, and 5 buy ratings.
• Analysts have set an average 1-year price target for Qorvo at $95.35, with Piper Sandler raising its price target from $110.00 to $125.00.
• Insider trading activity shows SVP Paul J. Fego sold 13,612 shares for $1.29 million, resulting in a 19.97% decrease in his position in the company.

Shares of Qorvo, Inc. (NASDAQ:QRVO - Get Free Report) have been assigned a consensus rating of "Hold" from the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $95.3529.

Several analysts recently weighed in on QRVO shares. Wall Street Zen raised Qorvo from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Piper Sandler lifted their price target on Qorvo from $110.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Weiss Ratings reissued a "sell (d+)" rating on shares of Qorvo in a report on Wednesday, October 8th. Citigroup reissued a "sell" rating on shares of Qorvo in a report on Wednesday, September 10th. Finally, Stifel Nicolaus set a $88.00 price target on Qorvo and gave the stock a "hold" rating in a report on Wednesday, July 30th.

Insider Buying and Selling

In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the transaction, the senior vice president owned 54,558 shares in the company, valued at $5,183,010. This trade represents a 19.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Qorvo

Several hedge funds and other institutional investors have recently modified their holdings of QRVO. GAMMA Investing LLC increased its stake in shares of Qorvo by 99.1% in the 1st quarter. GAMMA Investing LLC now owns 3,665 shares of the semiconductor company's stock valued at $265,000 after purchasing an additional 1,824 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Qorvo by 240.5% in the 1st quarter. SG Americas Securities LLC now owns 9,780 shares of the semiconductor company's stock valued at $708,000 after purchasing an additional 6,908 shares during the last quarter. Simon Quick Advisors LLC bought a new position in shares of Qorvo in the 1st quarter valued at $261,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Qorvo by 10.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,561 shares of the semiconductor company's stock valued at $547,000 after purchasing an additional 717 shares during the last quarter. Finally, Hanson & Doremus Investment Management increased its stake in shares of Qorvo by 24.0% in the 1st quarter. Hanson & Doremus Investment Management now owns 6,636 shares of the semiconductor company's stock valued at $481,000 after purchasing an additional 1,286 shares during the last quarter. Institutional investors own 88.57% of the company's stock.

Qorvo Price Performance

NASDAQ:QRVO opened at $87.92 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.81 and a debt-to-equity ratio of 0.45. The stock's 50 day moving average price is $90.18 and its two-hundred day moving average price is $80.80. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 103.44, a P/E/G ratio of 1.62 and a beta of 1.42. Qorvo has a 12-month low of $49.46 and a 12-month high of $107.33.

Qorvo (NASDAQ:QRVO - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.30. The firm had revenue of $818.80 million for the quarter, compared to analyst estimates of $775.61 million. Qorvo had a return on equity of 12.63% and a net margin of 2.21%.The business's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. On average, analysts anticipate that Qorvo will post 4.09 earnings per share for the current year.

Qorvo Company Profile

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.

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