Qorvo (NASDAQ:QRVO) Price Target Raised to $100.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase raised its price target on Qorvo from $85 to $100 while keeping a neutral rating, implying roughly a 12.4% upside from the prior close.
• Qorvo beat Q4 non‑GAAP EPS expectations with $1.69 and raised FY‑2027 EPS guidance to 7.00, signaling stronger profitability despite weaker GAAP results.
• Shares fell 7.7% to $88.94 after revenue declined about 7% YoY to $808.3M and management warned of weak smartphone demand and rising inventory, prompting analyst re‑checks of valuation.

Qorvo (NASDAQ:QRVO - Get Free Report) had its price objective lifted by stock analysts at JPMorgan Chase & Co. from $85.00 to $100.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the semiconductor company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 12.44% from the stock's previous close.

A number of other equities research analysts also recently commented on QRVO. Craig Hallum reaffirmed a "buy" rating and set a $120.00 target price on shares of Qorvo in a report on Wednesday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Qorvo in a report on Monday, April 27th. TD Cowen decreased their target price on Qorvo from $95.00 to $80.00 and set a "hold" rating for the company in a report on Wednesday, January 28th. UBS Group reaffirmed a "neutral" rating on shares of Qorvo in a report on Wednesday. Finally, Piper Sandler reaffirmed a "neutral" rating on shares of Qorvo in a report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $95.19.

Qorvo Stock Down 7.7%

NASDAQ QRVO traded down $7.41 during trading on Wednesday, hitting $88.94. The company's stock had a trading volume of 2,410,285 shares, compared to its average volume of 1,297,357. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.89. The company has a market cap of $8.25 billion, a PE ratio of 24.50, a P/E/G ratio of 1.46 and a beta of 1.42. The business's 50 day simple moving average is $81.03 and its 200-day simple moving average is $83.95. Qorvo has a fifty-two week low of $69.31 and a fifty-two week high of $106.30.

Qorvo (NASDAQ:QRVO - Get Free Report) last released its earnings results on Tuesday, May 5th. The semiconductor company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.48. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The firm had revenue of $808.30 million during the quarter, compared to the consensus estimate of $801.31 million. During the same quarter in the previous year, the company posted $1.42 earnings per share. The company's revenue was down 7.0% compared to the same quarter last year. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. On average, equities analysts anticipate that Qorvo will post 5.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC purchased a new position in Qorvo during the third quarter valued at approximately $25,000. Winnow Wealth LLC purchased a new position in Qorvo during the third quarter valued at approximately $27,000. Stance Capital LLC purchased a new position in Qorvo during the third quarter valued at approximately $27,000. Smartleaf Asset Management LLC raised its position in Qorvo by 215.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 231 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in Qorvo by 952.8% during the fourth quarter. Sound Income Strategies LLC now owns 379 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 343 shares in the last quarter. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

More Qorvo News

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Q4 non-GAAP EPS came in well above estimates at $1.69 (vs. ~$1.21 consensus), driven by margin expansion and cost control, which helped profitability. Qorvo Q4 Earnings Surpass Estimates Despite Lower Revenue Growth
• Positive Sentiment: Management raised FY‑2027 EPS guidance to 7.00 (midpoint effectively 7.00), above street estimates (~6.53), signaling confidence in margin and profitability trajectory. Qorvo® Announces Fiscal 2026 Fourth Quarter Financial Results
• Neutral Sentiment: GAAP results were weaker (GAAP EPS $0.32) versus non‑GAAP figures, so investors must reconcile one‑time adjustments when modeling forward earnings. Qorvo Press Release (PDF)
• Neutral Sentiment: Analysts and outlets are re-checking valuation after a recent share-price run; a higher multiple after strong EPS could make the stock vulnerable to disappointment. Qorvo Valuation Check After Recent Share Price Momentum
• Negative Sentiment: Revenue declined ~7% YoY to $808.3M and management cited weak smartphone demand — a key end market — which raises growth uncertainty. Qorvo (QRVO) Tops Q4 Earnings and Revenue Estimates
• Negative Sentiment: Inventory levels increased and the company flagged channel/stock build, which could pressure near-term revenue and margins if demand remains soft. Qorvo Q1: Beats On Revenue But Inventory Levels Increase

About Qorvo

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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