Zacks Research Downgrades Qorvo (NASDAQ:QRVO) to Strong Sell

Qorvo (NASDAQ:QRVO) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Several other brokerages have also commented on QRVO. JPMorgan Chase & Co. upgraded Qorvo from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $92.00 to $105.00 in a research note on Tuesday, November 4th. Piper Sandler downgraded shares of Qorvo from an “overweight” rating to a “hold” rating and set a $110.00 target price for the company. in a research report on Wednesday, October 29th. Mizuho set a $85.00 price target on shares of Qorvo in a research report on Friday, January 9th. Cfra reiterated a “hold” rating and set a $122.00 price objective on shares of Qorvo in a research note on Tuesday, October 28th. Finally, Weiss Ratings downgraded shares of Qorvo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. Three analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $100.07.

Qorvo Stock Performance

Qorvo stock opened at $79.85 on Monday. The stock has a fifty day moving average price of $84.93 and a 200 day moving average price of $88.01. Qorvo has a 52 week low of $49.46 and a 52 week high of $106.30. The firm has a market capitalization of $7.38 billion, a P/E ratio of 34.57, a PEG ratio of 1.50 and a beta of 1.36. 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, beating analysts’ consensus estimates of $2.03 by $0.19. Qorvo had a net margin of 5.95% and a return on equity of 13.30%. The company had revenue of $1.06 billion during the quarter. During the same period in the prior year, the company earned $1.88 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. Equities research analysts anticipate that Qorvo will post 4.09 earnings per share for the current year.

Institutional Trading of Qorvo

Large investors have recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC purchased a new position in Qorvo in the second quarter valued at about $25,000. Nisa Investment Advisors LLC acquired a new stake in shares of Qorvo during the third quarter worth approximately $25,000. Winnow Wealth LLC acquired a new stake in shares of Qorvo during the third quarter worth approximately $27,000. Stance Capital LLC acquired a new stake in Qorvo in the third quarter valued at $27,000. Finally, Salomon & Ludwin LLC bought a new position in Qorvo during the 3rd quarter valued at $34,000. 88.57% of the stock is currently owned by institutional investors and hedge funds.

About Qorvo

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.