The Latest Breaking News from Qorvo

Upgrades See all analyst ratings upgrades.

Chipmakers exposed to PCs, consumer electronics and Android smartphones have noted weakening demand in their second-quarter earnings reports.

With second-quarter earnings season for semiconductor stocks set to begin Thursday, analysts are adjusting their forecasts for chip stocks.

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Over the past 3 months, 17 analysts have published their opinion on Qorvo (NASDAQ:QRVO) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Mizuho analyst Vijay Rakesh reiterated Buy on Qualcomm Inc (NASDAQ:QCOM), Qorvo, Inc (NASDAQ:QRVO), and Skyworks Solutions, Inc (NASDAQ:SWKS). However, he slashed the price targets of Qualcomm from $185 to $168 (34% upside), Qorvo from $128 to $110 (12% upside), and Skyworks from $170 to $150 (62% upside). His checks into the handset supply chain indicated downside risk…

The shares of the semiconductor company Qorvo (QRVO) have experienced significant price volatility amid the broader technology sector sell-off this year. However, given the company’s new product launches and the industry’s solid prospects, is QRVO a buy now? Read on to find out.

Qorvo (NASDAQ:QRVO) reported its Q4 earnings results on Wednesday, May 4, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Qorvo beat estimated earnings by 6.85%, reporting an EPS of $3.12 versus an estimate of $2.92.

Over the past 3 months, 13 analysts have published their opinion on Qorvo (NASDAQ:QRVO) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Morgan Stanley has decided to maintain its Equal-Weight rating of Qorvo (NASDAQ:QRVO) and lower its price target from $150.00 to $127.00. Shares of Qorvo are trading up 1.94% over the last 24 hours, at $115.99 per share. A move to $127.00 would account for a 9.49% increase from the current…

Covid-related factory shutdowns and weakening demand for 5G handsets in China are more negatives for semiconductor stocks.