Qorvo (NASDAQ:QRVO) Earns "Sell (D+)" Rating from Weiss Ratings

Key Points

• Qorvo's stock received a "sell (D+)" rating from Weiss Ratings, with 5 analysts recommending a Buy, 10 a Hold, and 4 a Sell rating.
• Barclays raised its price target for Qorvo from $70.00 to $90.00, while Needham & Company increased their target to $104.00 with a Buy rating.
• In its latest earnings report, Qorvo reported $0.92 earnings per share for the quarter, surpassing the consensus estimate of $0.62, despite a year-over-year revenue decline of 7.7%.

Qorvo (NASDAQ:QRVO - Get Free Report)'s stock had its "sell (d+)" rating reiterated by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently weighed in on QRVO. Barclays boosted 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. Stifel Nicolaus set a $88.00 price target on Qorvo and gave the stock a "hold" rating in a research report on Wednesday, July 30th. UBS Group set a $100.00 price target on Qorvo and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Susquehanna reissued a "neutral" rating and set a $95.00 price target (up previously from $90.00) on shares of Qorvo in a research report on Wednesday, July 30th. Finally, Needham & Company LLC boosted their price target on Qorvo from $90.00 to $104.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $95.35.

Qorvo Price Performance

NASDAQ:QRVO opened at $91.53 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.81. The stock's 50-day simple moving average is $90.01 and its 200 day simple moving average is $80.43. The company has a market cap of $8.48 billion, a P/E ratio of 107.68, a P/E/G ratio of 1.75 and a beta of 1.42. Qorvo has a 52-week low of $49.46 and a 52-week high of $107.33.

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

Insider Activity at Qorvo

In other news, SVP Paul J. Fego sold 13,612 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $95.00, for a total value of $1,293,140.00. Following the transaction, the senior vice president owned 54,558 shares of the company's stock, valued at approximately $5,183,010. This represents a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company's stock.

Institutional Investors Weigh In On Qorvo

Institutional investors have recently made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Qorvo in the second quarter valued at approximately $25,000. Banque Transatlantique SA acquired a new stake in Qorvo in the first quarter valued at $27,000. Larson Financial Group LLC increased its holdings in Qorvo by 222.6% in the first quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 296 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Qorvo in the first quarter valued at $34,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Qorvo by 166.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 303 shares during the last quarter. 88.57% of the stock is currently owned by institutional investors.

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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