Qorvo (QRVO) – Research Analysts’ Recent Ratings Changes

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

• 1/29/2025 – Qorvo had its price target lowered by analysts at Citigroup Inc. from $72.00 to $69.00. They now have a “sell” rating on the stock.
• 1/29/2025 – Qorvo had its price target raised by analysts at Loop Capital from $80.00 to $90.00. They now have a “hold” rating on the stock.
• 1/29/2025 – Qorvo had its price target lowered by analysts at Stifel Nicolaus from $95.00 to $90.00. They now have a “hold” rating on the stock.
• 1/29/2025 – Qorvo had its “hold” rating reaffirmed by analysts at Benchmark Co..
• 1/29/2025 – Qorvo was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/29/2025 – Qorvo had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $100.00 price target on the stock.
• 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.

Qorvo Trading Down 1.7 %

NASDAQ:QRVO opened at $76.16 on Monday. The stock has a market cap of $7.11 billion, a PE ratio of 272.00, a price-to-earnings-growth ratio of 15.93 and a beta of 1.41. Qorvo, Inc. has a fifty-two week low of $64.54 and a fifty-two week high of $130.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.60 and a quick ratio of 1.78. The stock’s 50-day moving average is $75.90 and its two-hundred day moving average is $87.94.

Insider Buying and Selling

In other Qorvo news, SVP Philip Chesley sold 4,045 shares of Qorvo stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $70.15, for a total transaction of $283,756.75. Following the completion of the sale, the senior vice president now owns 30,261 shares of the company’s stock, valued at $2,122,809.15. This trade represents a 11.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Qorvo

Several hedge funds and other institutional investors have recently modified their holdings of QRVO. Mediolanum International Funds Ltd purchased a new stake in shares of Qorvo during the 4th quarter worth about $1,177,000. GDS Wealth Management bought a new position in Qorvo during the third quarter valued at approximately $2,171,000. Robeco Institutional Asset Management B.V. lifted its stake in Qorvo by 78.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 537,730 shares of the semiconductor company’s stock valued at $55,548,000 after acquiring an additional 236,590 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Qorvo by 245.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,641 shares of the semiconductor company’s stock worth $1,024,000 after acquiring an additional 10,405 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Qorvo during the 3rd quarter worth $2,507,000. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

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.