Analysts Set Qorvo, Inc. (NASDAQ:QRVO) Target Price at $102.00

Qorvo, Inc. (NASDAQ:QRVO) has been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the stock, MarketBeat.com reports. Sixteen investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $102.00.

QRVO has been the subject of several recent research reports. Argus upgraded shares of Qorvo to a “hold” rating in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Qorvo in a research report on Monday. Morgan Stanley set a $110.00 price target on Qorvo and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Cfra Research upgraded Qorvo to a “hold” rating in a research report on Tuesday, October 28th. Finally, Mizuho upgraded Qorvo from an “underperform” rating to a “neutral” rating and raised their target price for the company from $75.00 to $93.00 in a research report on Tuesday, November 11th.

Qorvo Price Performance

QRVO opened at $85.81 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. The company’s 50-day moving average price is $87.46 and its 200 day moving average price is $88.02. Qorvo has a fifty-two week low of $49.46 and a fifty-two week high of $106.30. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 37.15, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37.

Qorvo (NASDAQ:QRVO) last posted its earnings results on Monday, November 3rd. The semiconductor company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.03 by $0.19. The company 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%.The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $1.88 earnings per share. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. As a group, sell-side analysts expect that Qorvo will post 4.09 earnings per share for the current year.

Institutional Investors Weigh In On Qorvo

Several institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its stake in Qorvo by 1.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock valued at $682,000 after buying an additional 118 shares during the period. Sage Rhino Capital LLC boosted its holdings in shares of Qorvo by 4.4% in the third quarter. Sage Rhino Capital LLC now owns 3,758 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 160 shares in the last quarter. Fred Alger Management LLC increased its stake in shares of Qorvo by 5.3% during the third quarter. Fred Alger Management LLC now owns 3,179 shares of the semiconductor company’s stock valued at $290,000 after acquiring an additional 160 shares during the period. Versant Capital Management Inc increased its stake in shares of Qorvo by 4.5% during the third quarter. Versant Capital Management Inc now owns 4,139 shares of the semiconductor company’s stock valued at $377,000 after acquiring an additional 177 shares during the period. Finally, HB Wealth Management LLC raised its holdings in Qorvo by 6.9% during the second quarter. HB Wealth Management LLC now owns 2,955 shares of the semiconductor company’s stock worth $251,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

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.