Research Analysts’ Recent Ratings Changes for Qorvo (QRVO)

Several brokerages have updated their recommendations and price targets on shares of Qorvo (NASDAQ: QRVO) in the last few weeks:

• 1/27/2025 – Qorvo was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $110.00 price target on the stock, up previously from $85.00.
• 1/24/2025 – Qorvo had its price target raised by analysts at Mizuho from $80.00 to $90.00. They now have a “neutral” rating on the stock.
• 1/21/2025 – Qorvo was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $106.00 price target on the stock, up previously from $90.00.
• 1/17/2025 – Qorvo had its price target lowered by analysts at Barclays PLC from $90.00 to $80.00. They now have an “equal weight” rating on the stock.
• 1/10/2025 – Qorvo had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $99.00 to $78.00. They now have a “neutral” rating on the stock.
• 1/7/2025 – Qorvo had its price target lowered by analysts at Mizuho from $98.00 to $80.00. They now have a “neutral” rating on the stock.
• 12/17/2024 – Qorvo was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/9/2024 – Qorvo was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Qorvo Price Performance

Shares of NASDAQ QRVO traded up $0.78 during midday trading on Monday, reaching $89.72. 984,027 shares of the company traded hands, compared to its average volume of 3,504,206. Qorvo, Inc. has a 12 month low of $64.54 and a 12 month high of $130.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.38 and a current ratio of 1.90. The stock’s 50-day simple moving average is $72.18 and its 200-day simple moving average is $92.38. The firm has a market cap of $8.48 billion, a PE ratio of -61.45, a PEG ratio of 6.98 and a beta of 1.40.

Qorvo (NASDAQ:QRVO) last released its earnings results on Tuesday, October 29th. The semiconductor company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.03. Qorvo had a negative net margin of 3.58% and a positive return on equity of 13.81%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company posted $1.99 EPS. The company’s revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Qorvo, Inc. will post 3.37 earnings per share for the current fiscal year.

Insider Transactions at Qorvo

In related news, SVP Philip Chesley sold 4,045 shares of Qorvo stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $70.15, for a total value of $283,756.75. Following the sale, the senior vice president now owns 30,261 shares of the company’s stock, valued at approximately $2,122,809.15. This trade represents a 11.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by insiders.

Institutional Trading of Qorvo

A number of large investors have recently added to or reduced their stakes in QRVO. GDS Wealth Management acquired a new stake in Qorvo during the 3rd quarter valued at $2,171,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Qorvo by 78.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 537,730 shares of the semiconductor company’s stock worth $55,548,000 after buying an additional 236,590 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Qorvo during the 3rd quarter worth about $2,507,000. Quest Partners LLC grew its stake in Qorvo by 504.6% in the 3rd quarter. Quest Partners LLC now owns 11,596 shares of the semiconductor company’s stock valued at $1,198,000 after buying an additional 9,678 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Qorvo in the 3rd quarter valued at about $1,211,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

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.