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Investing.com - Piper Sandler has reiterated an Overweight rating and $110.00 price target on Qorvo Inc (NASDAQ:QRVO) following meetings with the company’s management team. The target aligns with the broader analyst consensus, which ranges from $67 to $111, while InvestingPro analysis suggests the stock is currently undervalued.
The research firm expressed confidence in Qorvo’s ability to increase content with its largest customer despite shifts in the baseband industry. Piper Sandler noted that Qorvo maintains strong positioning in the market regardless of these industry movements.
Qorvo is seeing benefits from high-band opportunities that appear specific to the company, with Piper Sandler viewing Qorvo as best positioned for this socket. The firm highlighted that Qorvo already leads in this solution among Android customers and believes opportunities with its largest customer for this socket are emerging.
The company has implemented several cost optimization initiatives, some of which align with its activist’s agenda, according to Piper Sandler’s analysis. These efficiency measures appear to support the firm’s positive outlook on the stock.
Qorvo specializes in radio frequency solutions for mobile devices, wireless infrastructure, defense, aerospace, and other applications requiring advanced wireless technology. For comprehensive analysis and detailed insights about Qorvo’s financial health and market position, access the full Pro Research Report on InvestingPro.
In other recent news, Qorvo, Inc. reported its fiscal fourth-quarter 2025 results, revealing revenues of $869.5 million and adjusted earnings per share (EPS) of $1.42, both exceeding consensus estimates. The company attributes this strong performance to robust demand in the Defense & Aerospace sector and a significant content win with Apple (NASDAQ:AAPL). For the upcoming June quarter, Qorvo has provided guidance with projected midpoints of $775.0 million in revenue and $0.68 in adjusted EPS, surpassing market expectations. Meanwhile, Qorvo has announced amendments to its corporate bylaws, now allowing shareholders owning at least 25% of the company’s stock to call special meetings, potentially increasing shareholder influence over corporate decisions.
KeyBanc Capital Markets continues to hold a Sector Weight rating on Qorvo, maintaining a price target of $80.00, while noting potential share gains with Apple and a path to 50% gross margins by fiscal year 2027. In related news, Qorvo’s Compensation Committee approved performance-based restricted stock units for executives, aligning their interests with company performance and shareholder value. The stock awards are tied to achieving specific company objectives, including technological advancements and revenue diversification. Additionally, Stifel analysts have maintained a Hold rating on Qorvo with a $75.00 price target, highlighting the company’s positive results and future guidance amidst global economic uncertainties.
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