Brokerages Set Qorvo, Inc. (NASDAQ:QRVO) Price Target at $95.35

Shares of Qorvo, Inc. (NASDAQ:QRVO) have received an average rating of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $95.3529.

A number of equities research analysts recently issued reports on QRVO shares. Needham & Company LLC lifted their price target on shares of Qorvo from $90.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. TD Cowen lifted their target price on shares of Qorvo from $80.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, July 30th. Susquehanna reissued a “neutral” rating and set a $95.00 target price (up previously from $90.00) on shares of Qorvo in a research note on Wednesday, July 30th. Wall Street Zen raised shares of Qorvo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Finally, Citigroup reiterated a “sell” rating on shares of Qorvo in a report on Wednesday, September 10th.

Qorvo Price Performance

Shares of Qorvo stock opened at $91.68 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.81 and a debt-to-equity ratio of 0.45. Qorvo has a twelve month low of $49.46 and a twelve month high of $106.25. The business has a 50-day moving average price of $90.44 and a 200 day moving average price of $81.04. The firm has a market cap of $8.49 billion, a PE ratio of 107.86, a P/E/G ratio of 1.76 and a beta of 1.42.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.30. Qorvo had a return on equity of 12.63% and a net margin of 2.21%.The company had revenue of $818.80 million for the quarter, compared to the consensus estimate of $775.61 million. During the same quarter in the prior year, the business posted $0.87 earnings per share. Qorvo’s revenue for the quarter was down 7.7% on a year-over-year basis. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Sell-side analysts predict that Qorvo will post 4.09 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Paul J. Fego sold 13,612 shares of Qorvo stock in a transaction that occurred on Monday, September 22nd. The stock was 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. The trade was a 19.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Qorvo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Qorvo in the second quarter valued at about $25,000. Banque Transatlantique SA purchased a new stake in Qorvo during the 1st quarter valued at about $27,000. Larson Financial Group LLC raised its holdings in Qorvo by 222.6% in the 1st quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 296 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Qorvo in the 1st quarter worth approximately $34,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Qorvo by 166.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 303 shares during the last quarter. Institutional investors and hedge funds 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.