Analysts Set Qorvo, Inc. (NASDAQ:QRVO) PT at $95.35

Key Points

• Qorvo, Inc. has received an average analyst rating of "Hold", with three sell recommendations, ten holds, and five buys.
• The company reported earnings of $0.92 per share, surpassing the consensus estimate by $0.30, but experienced a 7.7% decline in revenue compared to the previous year.
• Institutional investors hold a significant stake in Qorvo, owning 88.57% of the company's stock, with several new positions established recently.

Qorvo, Inc. (NASDAQ:QRVO - Get Free Report) has been given an average recommendation of "Hold" by the eighteen analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $95.3529.

Several research analysts recently commented on the company. TD Cowen lifted their price target on Qorvo from $80.00 to $95.00 and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Barclays lifted their price target on Qorvo from $70.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Mizuho set a $84.00 price target on Qorvo and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Citigroup reiterated a "sell" rating on shares of Qorvo in a research report on Tuesday, June 10th. Finally, Susquehanna reiterated a "neutral" rating and issued a $95.00 price target (up previously from $90.00) on shares of Qorvo in a research report on Wednesday, July 30th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. State Street Corp boosted its position in shares of Qorvo by 5.0% during the second quarter. State Street Corp now owns 3,704,113 shares of the semiconductor company's stock valued at $314,516,000 after buying an additional 175,031 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Qorvo by 102.0% during the fourth quarter. Ameriprise Financial Inc. now owns 3,597,546 shares of the semiconductor company's stock valued at $251,577,000 after buying an additional 1,816,811 shares during the period. Jericho Capital Asset Management L.P. purchased a new position in shares of Qorvo during the first quarter valued at approximately $168,980,000. Contour Asset Management LLC purchased a new position in shares of Qorvo during the first quarter valued at approximately $151,698,000. Finally, Norges Bank purchased a new position in shares of Qorvo during the second quarter valued at approximately $153,994,000. Hedge funds and other institutional investors own 88.57% of the company's stock.

Qorvo Price Performance

Shares of Qorvo stock traded down $0.79 during trading on Monday, reaching $90.70. 1,451,497 shares of the stock traded hands, compared to its average volume of 1,510,900. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 106.71, a P/E/G ratio of 1.78 and a beta of 1.35. The business has a fifty day simple moving average of $87.35 and a two-hundred day simple moving average of $77.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.81 and a quick ratio of 2.01. Qorvo has a 52-week low of $49.46 and a 52-week high of $117.90.

Qorvo (NASDAQ:QRVO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.30. The firm had revenue of $818.80 million during 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 quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 earnings per share. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Sell-side analysts expect that Qorvo will post 4.09 EPS 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.