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

Key Points

• Consensus "Hold": Twenty brokerages covering Qorvo assign a consensus "Hold" (18 hold, 2 buy) with an average 12‑month target of $93.88, amid recent price‑target cuts from firms such as UBS and Susquehanna.
• Quarterly beat and guidance: Qorvo reported $2.17 EPS (vs. $1.93 est.) and $993M revenue (up 8.4% YoY), and set Q4 FY2026 EPS guidance of $1.05–$1.35 while analysts forecast about $4.09 EPS for the year.
• Stock snapshot and ownership: Shares traded around $78.77 (market cap ~$7.3B) with a 52‑week range of $49.46–$106.30, and roughly 88.6% of the stock is held by hedge funds and other institutional investors.

Qorvo, Inc. (NASDAQ:QRVO - Get Free Report) has been given a consensus rating of "Hold" by the twenty brokerages that are currently covering the company, Marketbeat.com reports. Eighteen analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $93.8750.

QRVO has been the topic of several research reports. Zacks Research raised Qorvo from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 17th. UBS Group lowered their price target on Qorvo from $108.00 to $87.00 and set a "neutral" rating for the company in a research report on Tuesday, January 20th. Susquehanna dropped their price target on Qorvo from $95.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, January 22nd. Craig Hallum cut their price objective on Qorvo from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Wednesday, January 28th. Finally, Morgan Stanley set a $84.00 price objective on Qorvo in a research note on Wednesday, January 28th.

Qorvo Stock Up 0.2%

QRVO stock opened at $78.77 on Friday. The stock has a market capitalization of $7.30 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 1.36 and a beta of 1.35. Qorvo has a 52 week low of $49.46 and a 52 week high of $106.30. The company has a quick ratio of 2.89, a current ratio of 3.67 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $81.66 and a 200 day moving average of $86.39.

Qorvo (NASDAQ:QRVO - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $0.24. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. The business had revenue of $993.00 million for the quarter, compared to analyst estimates of $984.10 million. During the same quarter in the prior year, the business posted $1.61 EPS. Qorvo's revenue for the quarter was up 8.4% compared to the same quarter last year. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Sell-side analysts forecast that Qorvo will post 4.09 earnings per share for the current year.

Hedge Funds Weigh In On Qorvo

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its holdings in shares of Qorvo by 440.1% in the 1st quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company's stock valued at $589,000 after acquiring an additional 6,628 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Qorvo by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 22,028 shares of the semiconductor company's stock worth $1,870,000 after purchasing an additional 1,851 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Qorvo by 18.3% during the second quarter. Bank of Montreal Can now owns 27,391 shares of the semiconductor company's stock worth $2,326,000 after purchasing an additional 4,237 shares during the last quarter. Savant Capital LLC acquired a new position in Qorvo during the second quarter valued at $313,000. Finally, Los Angeles Capital Management LLC acquired a new position in Qorvo during the second quarter valued at $427,000. 88.57% of the stock is owned by hedge funds and other institutional investors.

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.

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