Qorvo, Inc. (NASDAQ:QRVO) Given Average Rating of “Hold” by Brokerages

Qorvo, Inc. (NASDAQ:QRVO) has been given an average recommendation of “Hold” by the nineteen analysts that are covering the stock, Marketbeat.com reports. Sixteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $102.00.

A number of analysts have commented on QRVO shares. JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $92.00 to $105.00 in a report on Tuesday, November 4th. Cfra reiterated a “hold” rating and issued a $122.00 price objective on shares of Qorvo in a report on Tuesday, October 28th. Morgan Stanley set a $110.00 target price on Qorvo and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Cfra Research upgraded Qorvo to a “hold” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Qorvo in a research report on Monday, December 29th.

Hedge Funds Weigh In On Qorvo

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Qorvo by 0.9% during the third quarter. Vanguard Group Inc. now owns 11,105,104 shares of the semiconductor company’s stock worth $1,011,453,000 after acquiring an additional 100,058 shares in the last quarter. State Street Corp lifted its holdings in shares of Qorvo by 5.0% during the 2nd quarter. State Street Corp now owns 3,704,113 shares of the semiconductor company’s stock valued at $314,516,000 after purchasing an additional 175,031 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Qorvo during the 1st quarter worth approximately $168,980,000. Contour Asset Management LLC acquired a new stake in Qorvo during the 1st quarter worth approximately $151,698,000. Finally, Norges Bank bought a new position in Qorvo in the second quarter valued at approximately $153,994,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

Qorvo Trading Up 2.1%

QRVO stock opened at $86.27 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.95 and a debt-to-equity ratio of 0.44. Qorvo has a twelve month low of $49.46 and a twelve month high of $106.30. The company has a market cap of $7.97 billion, a P/E ratio of 37.35, a PEG ratio of 1.56 and a beta of 1.36. The business has a fifty day moving average of $87.10 and a 200-day moving average of $88.07.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.19. The firm had revenue of $1.06 billion during the quarter. Qorvo had a return on equity of 13.30% and a net margin of 5.95%.Qorvo’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.88 earnings per share. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. As a group, equities research analysts expect that Qorvo will post 4.09 EPS for the current year.

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.