Qorvo (NASDAQ:QRVO) Stock Rating Lowered by Mizuho

Key Points

• Qorvo's stock rating has been downgraded by Mizuho from "neutral" to "underperform," with a price target of $75.00, indicating a potential downside of 18.59% from its current levels.
• Analysts hold mixed views on Qorvo, with five giving a "buy" rating, nine a "hold," and five a "sell," leading to an average rating of "hold" and a consensus price target of $94.82.
• The company reported earnings of $0.92 per share for the last quarter, surpassing estimates, though revenue dropped 7.7% year-over-year, highlighting challenges despite operating profit.

Qorvo (NASDAQ:QRVO - Get Free Report) was downgraded by investment analysts at Mizuho from a "neutral" rating to an "underperform" rating in a report released on Monday,Finviz reports. They currently have a $75.00 price objective on the semiconductor company's stock. Mizuho's price target points to a potential downside of 18.59% from the company's current price.

Several other analysts have also issued reports on QRVO. The Goldman Sachs Group started coverage on shares of Qorvo in a research note on Thursday, July 10th. They issued a "neutral" rating and a $90.00 target price for the company. UBS Group set a $100.00 price target on shares of Qorvo and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Needham & Company LLC increased their price target on shares of Qorvo from $90.00 to $104.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Citigroup restated a "sell" rating on shares of Qorvo in a research report on Wednesday, September 10th. Finally, Loop Capital increased their price target on shares of Qorvo from $75.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $94.82.

Qorvo Stock Performance

Shares of QRVO stock opened at $92.13 on Monday. Qorvo has a 12 month low of $49.46 and a 12 month high of $105.39. The company has a current ratio of 2.81, a quick ratio of 2.01 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $8.54 billion, a PE ratio of 108.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The firm has a fifty day simple moving average of $90.52 and a two-hundred day simple moving average of $81.38.

Qorvo (NASDAQ:QRVO - Get Free Report) last posted its earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $775.61 million. During the same quarter in the prior year, the business posted $0.87 EPS. The business's revenue was down 7.7% compared to the same quarter last year. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Analysts forecast that Qorvo will post 4.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Paul J. Fego sold 13,612 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total value of $1,293,140.00. Following the sale, the senior vice president directly owned 54,558 shares of the company's stock, valued at $5,183,010. This trade represents a 19.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Qorvo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in Qorvo in the second quarter valued at approximately $25,000. Banque Transatlantique SA purchased a new position in shares of Qorvo during the first quarter worth approximately $27,000. Larson Financial Group LLC raised its stake in shares of Qorvo by 222.6% during the first quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 296 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Qorvo during the first quarter worth approximately $34,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Qorvo by 166.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 303 shares in the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

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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