Qorvo (NASDAQ:QRVO) Upgraded to Buy at Wall Street Zen

Posted by Francis Steltz on Aug 3rd, 2026

Wall Street Zen upgraded shares of Qorvo (NASDAQ:QRVO – Free Report) from a hold rating to a buy rating in a research report report published on Sunday morning.

Other equities analysts have also recently issued reports about the company. UBS Group increased their price target on Qorvo from $91.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday. Craig Hallum restated a “buy” rating and issued a $120.00 price objective on shares of Qorvo in a report on Wednesday, May 6th. Barclays raised shares of Qorvo from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $95.00 to $100.00 in a research report on Wednesday, April 22nd. Citigroup lowered their target price on shares of Qorvo from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Finally, Wolfe Research cut shares of Qorvo from an “outperform” rating to a “peer perform” rating in a research report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $94.00.

View Our Latest Stock Report on QRVO

Qorvo Stock Performance

NASDAQ:QRVO opened at $90.57 on Friday. The company has a market cap of $7.99 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.41 and a beta of 1.44. Qorvo has a twelve month low of $74.92 and a twelve month high of $109.49. The company’s 50-day moving average price is $93.88 and its 200-day moving average price is $86.84. The company has a current ratio of 3.54, a quick ratio of 2.68 and a debt-to-equity ratio of 0.45.

Qorvo (NASDAQ:QRVO – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.53. The company had revenue of $784.79 million for the quarter, compared to analyst estimates of $743.28 million. Qorvo had a return on equity of 17.23% and a net margin of 10.95%.The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. On average, sell-side analysts forecast that Qorvo will post 5.87 earnings per share for the current fiscal year.

Insider Transactions at Qorvo

In related news, CEO Robert A. Bruggeworth sold 57,957 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $100.40, for a total transaction of $5,818,882.80. Following the completion of the transaction, the chief executive officer directly owned 319,880 shares in the company, valued at $32,115,952. This trade represents a 15.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Gina Harrison sold 4,714 shares of Qorvo stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $100.00, for a total value of $471,400.00. Following the completion of the transaction, the vice president directly owned 24,429 shares of the company’s stock, valued at approximately $2,442,900. This represents a 16.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,966,127 shares of company stock worth $198,911,103 over the last quarter. 0.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fred Alger Management LLC grew its holdings in shares of Qorvo by 5.3% in the third quarter. Fred Alger Management LLC now owns 3,179 shares of the semiconductor company’s stock valued at $290,000 after purchasing an additional 160 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Qorvo by 4.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,955 shares of the semiconductor company’s stock worth $306,000 after buying an additional 167 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Qorvo by 60.0% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the semiconductor company’s stock worth $41,000 after buying an additional 180 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Qorvo by 14.6% during the 4th quarter. Larson Financial Group LLC now owns 1,483 shares of the semiconductor company’s stock worth $125,000 after buying an additional 189 shares in the last quarter. Finally, Lido Advisors LLC boosted its position in Qorvo by 4.1% in the 4th quarter. Lido Advisors LLC now owns 4,816 shares of the semiconductor company’s stock valued at $431,000 after buying an additional 191 shares during the period. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Qorvo Company Profile

(Get Free Report)

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.