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

Key Points

• Analysts have given Qorvo, Inc. (NASDAQ:QRVO) an average rating of "Hold", with three sell ratings, ten holds, and five buy recommendations from a total of eighteen analysts.
• The average twelve-month price target for Qorvo is $95.35, with Needham & Company recently raising their target to $104.00 and giving a buy rating.
• Qorvo reported earnings of $0.92 per share for the last quarter, surpassing the expected $0.62, with revenue of $818.80 million, exceeding analysts' expectations.

Qorvo, Inc. (NASDAQ:QRVO - Get Free Report) has received a consensus rating of "Hold" from the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $95.3529.

QRVO has been the topic of a number of recent research reports. Susquehanna restated a "neutral" rating and issued a $95.00 target price (up previously from $90.00) on shares of Qorvo in a report on Wednesday, July 30th. Wall Street Zen upgraded Qorvo from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Mizuho set a $84.00 target price on Qorvo and gave the company a "neutral" rating in a report on Tuesday, July 1st. Piper Sandler raised their target price on Qorvo from $110.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Finally, TD Cowen lifted their price target on Qorvo from $80.00 to $95.00 and gave the stock a "hold" rating in a report on Wednesday, July 30th.

Qorvo Trading Up 2.0%

Shares of Qorvo stock traded up $1.78 on Friday, hitting $91.81. 11,604,052 shares of the company's stock traded hands, compared to its average volume of 1,648,031. Qorvo has a one year low of $49.46 and a one year high of $107.33. 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 company has a fifty day moving average of $88.63 and a two-hundred day moving average of $78.60. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 108.01, a price-to-earnings-growth ratio of 1.76 and a beta of 1.39.

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

Institutional Trading of Qorvo

A number of hedge funds have recently bought and sold shares of the business. Jericho Capital Asset Management L.P. purchased a new stake in Qorvo in the first quarter worth $168,980,000. Contour Asset Management LLC purchased a new stake in Qorvo in the first quarter worth $151,698,000. Norges Bank purchased a new stake in Qorvo in the second quarter worth $153,994,000. LSV Asset Management grew its position in shares of Qorvo by 118.0% in the second quarter. LSV Asset Management now owns 1,382,970 shares of the semiconductor company's stock valued at $117,428,000 after purchasing an additional 748,589 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Qorvo by 2,096.5% in the first quarter. The Manufacturers Life Insurance Company now owns 498,122 shares of the semiconductor company's stock valued at $36,069,000 after purchasing an additional 475,444 shares in the last quarter. 88.57% of the stock is currently owned by institutional investors.

About Qorvo

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.