Qorvo (NASDAQ:QRVO) Stock Rating Lowered by Mizuho

Qorvo (NASDAQ:QRVO) was downgraded by analysts at Mizuho from a “neutral” rating to an “underperform” rating in a report issued on Monday, MarketBeat.com reports. They presently have a $75.00 price objective on the semiconductor company’s stock. Mizuho’s price objective would indicate a potential downside of 19.78% from the stock’s current price.

QRVO has been the subject of a number of other reports. Piper Sandler lifted their target price on Qorvo from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Loop Capital lifted their target price on Qorvo from $75.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded Qorvo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Stifel Nicolaus set a $88.00 target price on Qorvo and gave the company a “hold” rating in a research note on Wednesday, July 30th. Finally, Needham & Company LLC lifted their target price on Qorvo from $90.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $94.82.

Qorvo Stock Up 0.4%

Shares of Qorvo stock opened at $93.49 on Monday. The company has a quick ratio of 2.01, a current ratio of 2.81 and a debt-to-equity ratio of 0.45. The firm has a market cap of $8.66 billion, a P/E ratio of 109.99, a P/E/G ratio of 1.82 and a beta of 1.42. Qorvo has a fifty-two week low of $49.46 and a fifty-two week high of $101.76. The business has a 50-day moving average price of $90.72 and a 200 day moving average price of $81.72.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $775.61 million. During the same period in the previous year, the firm posted $0.87 earnings per share. Qorvo’s quarterly revenue was down 7.7% compared to the same quarter last year. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. On average, sell-side analysts forecast 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 the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the completion of the transaction, the senior vice president directly owned 54,558 shares in the company, valued at approximately $5,183,010. The trade was a 19.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Qorvo

A number of institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in Qorvo by 1.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock worth $682,000 after purchasing an additional 118 shares during the period. Signaturefd LLC lifted its position in Qorvo by 34.6% in the first quarter. Signaturefd LLC now owns 662 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 170 shares during the period. HB Wealth Management LLC lifted its position in Qorvo by 6.9% in the second quarter. HB Wealth Management LLC now owns 2,955 shares of the semiconductor company’s stock worth $251,000 after purchasing an additional 190 shares during the period. Public Employees Retirement System of Ohio lifted its position in Qorvo by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 30,974 shares of the semiconductor company’s stock worth $2,630,000 after purchasing an additional 203 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in Qorvo by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 13,515 shares of the semiconductor company’s stock worth $1,148,000 after purchasing an additional 220 shares during the period. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Qorvo Company Profile

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.