Piper Sandler Cuts Qorvo (NASDAQ:QRVO) Price Target to $90.00

Qorvo (NASDAQ:QRVO) had its target price reduced by stock analysts at Piper Sandler from $110.00 to $90.00 in a note issued to investors on Wednesday, Marketbeat.com reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. Piper Sandler’s price target would indicate a potential upside of 8.68% from the company’s previous close.

Several other research firms also recently commented on QRVO. Cfra reaffirmed a “hold” rating and issued a $122.00 price objective on shares of Qorvo in a report on Tuesday, October 28th. Zacks Research downgraded shares of Qorvo from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Citigroup raised Qorvo from a “sell” rating to a “neutral” rating and increased their price target for the stock from $70.00 to $105.00 in a research report on Tuesday, October 28th. TD Cowen reduced their price objective on Qorvo from $95.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Cfra Research upgraded Qorvo to a “hold” rating in a research note on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Qorvo has an average rating of “Hold” and a consensus price target of $96.13.

Qorvo Stock Up 0.4%

NASDAQ:QRVO opened at $82.81 on Wednesday. The company’s 50 day moving average is $84.67 and its two-hundred day moving average is $87.77. The company has a market cap of $7.65 billion, a PE ratio of 35.85, a P/E/G ratio of 1.54 and a beta of 1.36. Qorvo has a twelve month low of $49.46 and a twelve month high of $106.30. The company has a current ratio of 2.95, a quick ratio of 2.20 and a debt-to-equity ratio of 0.44.

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

Institutional Investors Weigh In On Qorvo

A number of large investors have recently made changes to their positions in QRVO. Twin Peaks Wealth Advisors LLC purchased a new stake in Qorvo in the 2nd quarter valued at $25,000. Nisa Investment Advisors LLC purchased a new position in shares of Qorvo during the 3rd quarter worth $25,000. Winnow Wealth LLC acquired a new position in shares of Qorvo during the 3rd quarter valued at about $27,000. Stance Capital LLC purchased a new stake in shares of Qorvo in the third quarter valued at about $27,000. Finally, Sound Income Strategies LLC increased 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 worth $30,000 after purchasing an additional 343 shares during the last quarter. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

Qorvo News Summary

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Qorvo reported fiscal Q3 results that beat consensus — EPS of $2.17 and revenue of $993M, with revenue up ~8.4% year-over-year. This demonstrated solid near-term profitability and top-line strength. Qorvo Announces Fiscal 2026 Third-Quarter Financial Results
• Positive Sentiment: Coverage and analysis note the quarter-beat on EPS and revenue, underscoring improving margins and profitability metrics that supported the reported beat. Qorvo (QRVO) Surpasses Q3 Earnings and Revenue Estimates
• Neutral Sentiment: Full earnings call transcript and management commentary are available for investors who want detail on segment trends and product demand. These may provide clarity but so far haven’t offset guidance concerns. Qorvo, Inc. (QRVO) Q3 2026 Earnings Call Transcript
• Negative Sentiment: Qorvo’s updated fiscal Q4 2026 guidance disappointed: EPS guidance of $1.05–$1.35 (consensus ~$1.23) and revenue guidance of $775M–$825M well below the ~$901.5M consensus — the weak top-line outlook drove after-hours selling. Qorvo Announces Fiscal 2026 Third-Quarter Financial Results
• Negative Sentiment: TD Cowen cut its price target to $80 (from $95) and kept a Hold rating, citing improving profitability but a weak long-term revenue outlook — this analyst move reinforces downward expectations. Qorvo: Improving Profitability Offset by Weak Long-Term Revenue Outlook Supports Hold Rating
• Negative Sentiment: Short interest rose sharply in January (up ~50.6% to ~3.37M shares as of Jan. 15), increasing selling pressure and signaling bearish positioning by some investors; short-interest ratio ~3.0 days and ~3.7% of shares short.

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.