Qorvo (NASDAQ:QRVO) Issues FY 2027 Earnings Guidance

Key Points

• Qorvo updated FY2027 EPS guidance to $7.00 (7.00–7.00), above the consensus of $6.53, and did not provide revenue guidance.
• The company beat quarterly estimates with EPS of $1.46 versus a $1.21 consensus, and the stock jumped about 4.1% to $96.35 on higher-than-average volume.
• Analyst sentiment is cautious—3 Buys, 17 Holds and 1 Sell—with a consensus price target of $93.94 and several recent target and rating cuts.

Qorvo (NASDAQ:QRVO - Get Free Report) updated its FY 2027 earnings guidance on Tuesday. The company provided EPS guidance of 7.000-7.000 for the period, compared to the consensus EPS estimate of 6.530. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Mizuho reaffirmed an "underperform" rating and set a $66.00 target price (down from $70.00) on shares of Qorvo in a report on Monday, April 20th. UBS Group dropped their target price on shares of Qorvo from $108.00 to $87.00 and set a "neutral" rating for the company in a report on Tuesday, January 20th. Wolfe Research lowered shares of Qorvo from an "outperform" rating to a "peer perform" rating in a report on Friday, April 17th. Stifel Nicolaus dropped their target price on shares of Qorvo from $88.00 to $85.00 and set a "hold" rating for the company in a report on Wednesday, January 28th. Finally, Susquehanna dropped their target price on shares of Qorvo from $95.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $93.94.

Qorvo Trading Up 4.1%

NASDAQ:QRVO traded up $3.82 on Tuesday, hitting $96.35. The stock had a trading volume of 1,645,143 shares, compared to its average volume of 1,289,533. The company has a quick ratio of 2.89, a current ratio of 3.67 and a debt-to-equity ratio of 0.42. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.48 and a beta of 1.42. The company has a fifty day moving average price of $80.75 and a two-hundred day moving average price of $83.90. Qorvo has a 1-year low of $69.03 and a 1-year high of $106.30.

Qorvo (NASDAQ:QRVO - Get Free Report) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.25. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. Equities research analysts expect that Qorvo will post 5.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Qorvo

Several institutional investors and hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in Qorvo by 215.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company's stock worth $29,000 after buying an additional 231 shares during the period. Advisory Services Network LLC purchased a new position in Qorvo during the third quarter worth about $36,000. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in Qorvo by 60.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the semiconductor company's stock worth $41,000 after buying an additional 180 shares during the period. Danske Bank A S purchased a new position in Qorvo during the third quarter worth about $109,000. Finally, Larson Financial Group LLC boosted its stake in Qorvo by 54.6% during the third quarter. Larson Financial Group LLC now owns 1,294 shares of the semiconductor company's stock worth $118,000 after buying an additional 457 shares during the period. 88.57% of the stock is currently owned by institutional investors and hedge funds.

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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