Qorvo, Inc. (NASDAQ:QRVO) Receives Average Rating of "Hold" from Analysts

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.

Shares of Qorvo, Inc. (NASDAQ:QRVO - Get Free Report) have earned an average rating of "Hold" from the eighteen analysts that are covering the firm, MarketBeat reports. Three equities research 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 target price among analysts that have issued a report on the stock in the last year is $95.3529.

Several equities analysts have weighed in on QRVO shares. UBS Group set a $100.00 target price on Qorvo and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Piper Sandler raised their target price on shares of Qorvo from $110.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Barclays boosted their target price on Qorvo from $70.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Mizuho set a $84.00 target price on Qorvo and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. 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.

Qorvo Trading Up 4.4%

Shares of QRVO stock opened at $92.95 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.81 and a quick ratio of 2.01. The firm has a market cap of $8.61 billion, a PE ratio of 109.35, a price-to-earnings-growth ratio of 1.81 and a beta of 1.35. The company has a 50-day moving average of $86.21 and a two-hundred day moving average of $76.55. Qorvo has a 1-year low of $49.46 and a 1-year high of $117.90.

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

Institutional Investors Weigh In On Qorvo

Large investors have recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC purchased a new position in Qorvo in the second quarter worth $25,000. City Holding Co. purchased a new position in Qorvo in the first quarter worth $25,000. Banque Transatlantique SA purchased a new position in Qorvo in the first quarter worth $27,000. Larson Financial Group LLC raised its position in Qorvo by 222.6% in the first quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 296 shares in the last quarter. Finally, Curat Global LLC purchased a new position in Qorvo in the first quarter worth $34,000. Hedge funds and other institutional investors own 88.57% of the company's stock.

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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