Q1 Earnings Forecast for Qorvo Issued By KeyCorp

Qorvo, Inc. (NASDAQ:QRVO) – Investment analysts at KeyCorp issued their Q1 2027 earnings per share estimates for Qorvo in a note issued to investors on Monday, July 13th. KeyCorp analyst J. Vinh anticipates that the semiconductor company will post earnings per share of $0.88 for the quarter. The consensus estimate for Qorvo’s current full-year earnings is $5.84 per share. KeyCorp also issued estimates for Qorvo’s Q2 2027 earnings at $1.56 EPS, Q3 2027 earnings at $1.84 EPS, Q4 2027 earnings at $1.46 EPS and FY2027 earnings at $5.74 EPS.

Several other equities research analysts also recently issued reports on QRVO. Barclays raised shares of Qorvo from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $95.00 to $100.00 in a research report on Wednesday, April 22nd. Mizuho reaffirmed an “underperform” rating and issued a $66.00 target price (down from $70.00) on shares of Qorvo in a research note on Monday, April 20th. Zacks Research cut Qorvo from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. lifted their price target on Qorvo from $85.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Craig Hallum restated a “buy” rating and issued a $120.00 price target on shares of Qorvo in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.07.

Qorvo Stock Performance

Shares of QRVO stock opened at $83.50 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.46 and a current ratio of 3.24. Qorvo has a 52 week low of $74.92 and a 52 week high of $109.49. The company’s 50 day moving average price is $95.17 and its two-hundred day moving average price is $86.51. The company has a market capitalization of $7.37 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.31 and a beta of 1.44.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.48. Qorvo had a return on equity of 15.32% and a net margin of 9.22%.The business had revenue of $808.28 million for the quarter, compared to analysts’ expectations of $801.31 million. During the same quarter in the previous year, the business posted $1.42 EPS. Qorvo’s revenue for the quarter was down 7.0% on a year-over-year basis. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS.

Insider Buying and Selling at Qorvo

In related news, Director Peter A. Feld sold 1,900,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $101.20, for a total transaction of $192,280,000.00. Following the completion of the transaction, the director owned 5,611,526 shares in the company, valued at approximately $567,886,431.20. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Paul J. Fego sold 2,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the transaction, the senior vice president directly owned 71,038 shares of the company’s stock, valued at approximately $7,103,800. This trade represents a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,966,127 shares of company stock worth $198,911,103. Company insiders own 0.49% of the company’s stock.

Institutional Trading of Qorvo

Several institutional investors and hedge funds have recently bought and sold shares of QRVO. JPMorgan Chase & Co. raised its stake in Qorvo by 58.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 313,156 shares of the semiconductor company’s stock valued at $28,522,000 after acquiring an additional 115,890 shares during the period. SG Americas Securities LLC lifted its holdings in Qorvo by 2,687.9% during the 4th quarter. SG Americas Securities LLC now owns 234,464 shares of the semiconductor company’s stock valued at $19,815,000 after purchasing an additional 226,054 shares during the last quarter. LSV Asset Management boosted its position in Qorvo by 2.3% during the fourth quarter. LSV Asset Management now owns 1,555,461 shares of the semiconductor company’s stock worth $131,452,000 after purchasing an additional 34,605 shares during the period. M&T Bank Corp increased its holdings in shares of Qorvo by 3,397.3% in the fourth quarter. M&T Bank Corp now owns 150,173 shares of the semiconductor company’s stock valued at $12,691,000 after purchasing an additional 145,879 shares during the last quarter. Finally, Fieldview Capital Management LLC raised its position in shares of Qorvo by 570.1% in the fourth quarter. Fieldview Capital Management LLC now owns 24,352 shares of the semiconductor company’s stock valued at $2,058,000 after purchasing an additional 20,718 shares during the period. Institutional investors own 88.57% of the company’s stock.

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.