Qorvo (NASDAQ:QRVO) Updates FY 2027 Earnings Guidance

Qorvo (NASDAQ:QRVO) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share guidance of 7.000-7.000 for the period, compared to the consensus earnings per share estimate of 6.530. The company issued revenue guidance of -.

Analyst Ratings Changes

QRVO has been the topic of several analyst reports. Zacks Research cut shares of Qorvo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Craig Hallum cut their target price on Qorvo from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Wolfe Research downgraded Qorvo from an “outperform” rating to a “peer perform” rating in a report on Friday, April 17th. Morgan Stanley set a $84.00 target price on Qorvo in a report on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qorvo in a research report on Monday, April 27th. Three analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Qorvo presently has a consensus rating of “Hold” and a consensus target price of $93.94.

Qorvo Stock Performance

Shares of NASDAQ QRVO traded up $3.82 during mid-day trading on Tuesday, reaching $96.35. 1,645,143 shares of the company’s stock were exchanged, compared to its average volume of 1,289,533. The firm has a 50-day moving average price of $80.75 and a two-hundred day moving average price of $83.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.89. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42. Qorvo has a 52 week low of $69.03 and a 52 week high of $106.30.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.25. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. Analysts predict that Qorvo will post 5.29 EPS for the current year.

Institutional Trading of Qorvo

Large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its position in shares of Qorvo by 215.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 231 shares in the last quarter. Advisory Services Network LLC purchased a new position in Qorvo during the 3rd quarter valued at about $36,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in shares of Qorvo by 60.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 180 shares during the last quarter. Danske Bank A S purchased a new position in shares of Qorvo during the third quarter valued at approximately $109,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Qorvo by 54.6% during the third quarter. Larson Financial Group LLC now owns 1,294 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 457 shares during the last quarter. 88.57% of the stock is owned by institutional investors.

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.