Qorvo (NASDAQ:QRVO) Issues Earnings Results

Key Points

• Qorvo beat expectations, reporting $1.46 EPS versus the $1.21 consensus (a $0.25 beat) and updating its FY2027 guidance to 7.00 EPS.
• The stock rose about 4.1% to $96.35 on higher-than-average volume; the company has a market cap of $8.93B, a P/E of 26.54, and strong liquidity metrics (current ratio 3.67, quick ratio 2.89).
• Analysts are largely cautious — the consensus rating is Hold (average target $93.94) — while institutional investors own roughly 88.6% of the shares.

Qorvo (NASDAQ:QRVO - Get Free Report) issued its quarterly earnings data on Tuesday. The semiconductor company reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.25, Zacks reports. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. Qorvo updated its FY 2027 guidance to 7.000-7.000 EPS.

Qorvo Stock Up 4.1%

QRVO traded up $3.82 during trading on Tuesday, reaching $96.35. The company had a trading volume of 1,645,143 shares, compared to its average volume of 1,289,533. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.89. Qorvo has a 12 month low of $69.03 and a 12 month high of $106.30. The business's fifty day moving average price is $80.75 and its 200 day moving average price is $83.90. The company has a market cap of $8.93 billion, a P/E ratio of 26.54, a PEG ratio of 1.48 and a beta of 1.42.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its stake in Qorvo by 215.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company's stock valued at $29,000 after buying an additional 231 shares in the last quarter. Advisory Services Network LLC bought a new position in Qorvo in the third quarter valued at approximately $36,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Qorvo by 60.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the semiconductor company's stock valued at $41,000 after buying an additional 180 shares in the last quarter. Danske Bank A S bought a new position in shares of Qorvo during the 3rd quarter worth approximately $109,000. Finally, Larson Financial Group LLC grew its stake in shares of Qorvo by 54.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,294 shares of the semiconductor company's stock worth $118,000 after acquiring an additional 457 shares in the last quarter. Institutional investors own 88.57% of the company's stock.

Analyst Ratings Changes

QRVO has been the subject of several recent analyst reports. Mizuho reaffirmed an "underperform" rating and issued a $66.00 target price (down from $70.00) on shares of Qorvo in a research note on Monday, April 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Qorvo in a research note on Monday, April 27th. UBS Group lowered their target price on shares of Qorvo from $108.00 to $87.00 and set a "neutral" rating for the company in a research note on Tuesday, January 20th. Susquehanna lowered their target price on shares of Qorvo from $95.00 to $90.00 and set a "neutral" rating for the company in a research note on Thursday, January 22nd. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Qorvo in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $93.94.

Qorvo Company Profile

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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