Qorvo (NASDAQ:QRVO) Shares Down 4.4% - Should You Sell?

Key Points

• Qorvo's shares fell 4.4%, closing at $88.03 following a significant drop in trading volume.
• Research reports show a mixed outlook, with Benchmark raising their price target to $125, while Citigroup reaffirmed a "sell" rating.
• In their latest earnings report, Qorvo beat estimates with $0.92 earnings per share but reported a 7.7% decline in quarterly revenue compared to the previous year.

Qorvo, Inc. (NASDAQ:QRVO - Get Free Report) shares dropped 4.4% during mid-day trading on Wednesday . The company traded as low as $85.70 and last traded at $88.03. Approximately 298,895 shares traded hands during trading, a decline of 87% from the average daily volume of 2,309,604 shares. The stock had previously closed at $92.11.

Wall Street Analyst Weigh In

QRVO has been the subject of a number of recent research reports. Benchmark raised their price target on shares of Qorvo from $95.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group initiated coverage on shares of Qorvo in a research report on Thursday, July 10th. They set a "neutral" rating and a $90.00 price target for the company. Wall Street Zen raised shares of Qorvo from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Loop Capital raised their price objective on shares of Qorvo from $75.00 to $90.00 and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Finally, Citigroup reaffirmed a "sell" rating on shares of Qorvo in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $95.35.

Qorvo Stock Down 4.7%

The business's 50 day moving average is $88.51 and its 200-day moving average is $77.76. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 103.28, a PEG ratio of 1.79 and a beta of 1.39. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.81.

Qorvo (NASDAQ:QRVO - Get Free Report) last released its quarterly 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. Qorvo had a net margin of 2.21% and a return on equity of 12.63%. The firm had revenue of $818.80 million for the quarter, compared to analysts' expectations of $775.61 million. During the same quarter last year, the company earned $0.87 EPS. The firm'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. On average, sell-side analysts predict that Qorvo, Inc. will post 4.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Qorvo during the 2nd quarter worth $25,000. City Holding Co. purchased a new position in shares of Qorvo during the 1st quarter worth $25,000. Banque Transatlantique SA purchased a new position in shares of Qorvo during the 1st quarter worth $27,000. Larson Financial Group LLC raised its holdings in shares of Qorvo by 222.6% during the 1st quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 296 shares during the period. Finally, Curat Global LLC purchased a new position in shares of Qorvo during the 1st quarter worth $34,000. Hedge funds and other institutional investors own 88.57% of the company's stock.

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.

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