Qorvo (NASDAQ:QRVO) Stock Price Down 10.3% – Should You Sell?

Qorvo, Inc. (NASDAQ:QRVO) dropped 10.3% on Wednesday . The stock traded as low as $87.38 and last traded at $86.4280. Approximately 317,841 shares were traded during trading, a decline of 75% from the average daily volume of 1,276,461 shares. The stock had previously closed at $96.35.

Key Headlines Impacting Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Q4 non-GAAP EPS came in well above estimates at $1.69 (vs. ~$1.21 consensus), driven by margin expansion and cost control, which helped profitability. Qorvo Q4 Earnings Surpass Estimates Despite Lower Revenue Growth
• Positive Sentiment: Management raised FY‑2027 EPS guidance to 7.00 (midpoint effectively 7.00), above street estimates (~6.53), signaling confidence in margin and profitability trajectory. Qorvo® Announces Fiscal 2026 Fourth Quarter Financial Results
• Neutral Sentiment: GAAP results were weaker (GAAP EPS $0.32) versus non‑GAAP figures, so investors must reconcile one‑time adjustments when modeling forward earnings. Qorvo Press Release (PDF)
• Neutral Sentiment: Analysts and outlets are re-checking valuation after a recent share-price run; a higher multiple after strong EPS could make the stock vulnerable to disappointment. Qorvo Valuation Check After Recent Share Price Momentum
• Negative Sentiment: Revenue declined ~7% YoY to $808.3M and management cited weak smartphone demand — a key end market — which raises growth uncertainty. Qorvo (QRVO) Tops Q4 Earnings and Revenue Estimates
• Negative Sentiment: Inventory levels increased and the company flagged channel/stock build, which could pressure near-term revenue and margins if demand remains soft. Qorvo Q1: Beats On Revenue But Inventory Levels Increase

Analysts Set New Price Targets

QRVO has been the subject of several research reports. Stifel Nicolaus reduced their price objective on Qorvo from $88.00 to $85.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Barclays raised Qorvo from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $95.00 to $100.00 in a report on Wednesday, April 22nd. Citigroup cut their price target on Qorvo from $105.00 to $90.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Susquehanna cut their price target on Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Finally, Zacks Research lowered Qorvo from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $95.19.

Qorvo Stock Down 7.7%

The stock has a fifty day moving average price of $81.03 and a 200 day moving average price of $83.95. 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 stock has a market capitalization of $8.25 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.42.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.48. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The company had revenue of $808.30 million for the quarter, compared to the consensus estimate of $801.31 million. During the same quarter last year, the business posted $1.42 earnings per share. The firm’s revenue was down 7.0% compared to the same quarter last year. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. On average, research analysts forecast that Qorvo, Inc. will post 5.29 earnings per share for the current year.

Institutional Investors Weigh In On Qorvo

A number of institutional investors and hedge funds have recently made changes to their positions in QRVO. Jones Financial Companies Lllp raised its position in shares of Qorvo by 440.1% in the first quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock worth $589,000 after buying an additional 6,628 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Qorvo by 158.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,121 shares of the semiconductor company’s stock worth $180,000 after buying an additional 1,301 shares in the last quarter. First Trust Advisors LP raised its position in shares of Qorvo by 56.5% in the second quarter. First Trust Advisors LP now owns 142,503 shares of the semiconductor company’s stock worth $12,100,000 after buying an additional 51,475 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Qorvo in the second quarter worth $428,000. Finally, Cerity Partners LLC purchased a new stake in shares of Qorvo in the second quarter worth $327,000. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Qorvo Company Profile

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.