Qorvo, Inc. (NASDAQ:QRVO) Short Interest Update

Qorvo, Inc. (NASDAQ:QRVO) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 4,528,047 shares, an increase of 34.3% from the January 15th total of 3,372,416 shares. Currently, 4.9% of the shares of the stock are sold short. Based on an average trading volume of 1,799,231 shares, the days-to-cover ratio is currently 2.5 days. Based on an average trading volume of 1,799,231 shares, the days-to-cover ratio is currently 2.5 days. Currently, 4.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in QRVO. Kestra Advisory Services LLC bought a new position in Qorvo in the 4th quarter worth $370,000. CANADA LIFE ASSURANCE Co lifted its holdings in Qorvo by 9.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 90,663 shares of the semiconductor company’s stock worth $7,664,000 after buying an additional 7,613 shares during the period. Stifel Financial Corp boosted its position in Qorvo by 36.4% during the 4th quarter. Stifel Financial Corp now owns 15,055 shares of the semiconductor company’s stock valued at $1,272,000 after acquiring an additional 4,015 shares in the last quarter. Hudson Bay Capital Management LP grew its holdings in shares of Qorvo by 9,818.0% during the 4th quarter. Hudson Bay Capital Management LP now owns 402,372 shares of the semiconductor company’s stock worth $34,004,000 after acquiring an additional 398,315 shares during the period. Finally, Neuberger Berman Group LLC raised its position in shares of Qorvo by 5.1% in the 4th quarter. Neuberger Berman Group LLC now owns 8,022 shares of the semiconductor company’s stock worth $678,000 after acquiring an additional 392 shares in the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

Qorvo Trading Up 1.9%

Shares of NASDAQ:QRVO traded up $1.54 during trading on Friday, reaching $84.44. 1,045,640 shares of the company traded hands, compared to its average volume of 1,582,661. The company has a current ratio of 3.67, a quick ratio of 2.89 and a debt-to-equity ratio of 0.42. Qorvo has a 52-week low of $49.46 and a 52-week high of $106.30. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 1.47 and a beta of 1.37. The business’s fifty day moving average is $83.68 and its 200-day moving average is $87.26.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.93 by $0.24. The company had revenue of $993.00 million for the quarter, compared to the consensus estimate of $984.10 million. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 earnings per share. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, analysts forecast that Qorvo will post 4.09 EPS for the current year.

Analyst Ratings Changes

QRVO has been the topic of several recent research reports. Cfra reiterated a “hold” rating and set a $122.00 price objective on shares of Qorvo in a research report on Tuesday, October 28th. KeyCorp reiterated a “sector weight” rating on shares of Qorvo in a research report on Wednesday, January 28th. Zacks Research downgraded shares of Qorvo from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Weiss Ratings raised shares of Qorvo from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, January 29th. Finally, TD Cowen decreased their target price on shares of Qorvo from $95.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $93.56.

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.