Qorvo (NASDAQ:QRVO) SVP Sells 2,500 Shares of Stock

Qorvo, Inc. (NASDAQ:QRVO) SVP Paul Fego sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $100.00, for a total value of $250,000.00. Following the transaction, the senior vice president directly owned 76,960 shares in the company, valued at $7,696,000. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Qorvo Stock Down 0.2%

NASDAQ QRVO traded down $0.25 during trading on Thursday, reaching $100.38. 1,071,475 shares of the company’s stock were exchanged, compared to its average volume of 1,256,104. Qorvo, Inc. has a fifty-two week low of $74.92 and a fifty-two week high of $109.49. The firm has a market capitalization of $8.86 billion, a PE ratio of 23.29, a P/E/G ratio of 1.70 and a beta of 1.45. The company has a current ratio of 3.54, a quick ratio of 2.68 and a debt-to-equity ratio of 0.45. The company’s fifty day simple moving average is $91.81 and its 200-day simple moving average is $89.27.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.53. The company had revenue of $784.79 million for the quarter, compared to the consensus estimate of $743.28 million. Qorvo had a return on equity of 17.23% and a net margin of 10.95%.The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. Sell-side analysts predict that Qorvo, Inc. will post 6.3 EPS for the current year.

Hedge Funds Weigh In On Qorvo

Several hedge funds have recently bought and sold shares of QRVO. Smartleaf Asset Management LLC lifted its position in shares of Qorvo by 215.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company’s stock worth $29,000 after buying an additional 231 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Qorvo during the 2nd quarter valued at about $32,000. Advisory Services Network LLC acquired a new position in shares of Qorvo during the 3rd quarter valued at about $36,000. Elevation Wealth Partners LLC raised its stake in shares of Qorvo by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 413 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 310 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Qorvo in the 2nd quarter worth approximately $43,000. 88.57% of the stock is owned by institutional investors and hedge funds.

More Qorvo News

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Qorvo’s latest quarterly results were substantially better than expected, with earnings of $1.64 per share versus the $1.11 consensus estimate and revenue of approximately $784.8 million versus expectations of $743.3 million. The company also reported year-over-year EPS growth, despite a 4.2% decline in revenue.
• Positive Sentiment: Large institutional investors have recently increased exposure to Qorvo. BlackRock established a position worth about $943 million, while California State Teachers’ Retirement System significantly expanded its holdings. Institutional investors and hedge funds now own approximately 88.6% of the company. Qorvo institutional ownership and market report
• Neutral Sentiment: Mouser Electronics and Qorvo released an eBook highlighting RF solutions for drones, satellite communications and industrial IoT. The initiative supports Qorvo’s positioning in emerging markets, although it does not provide a specific financial forecast or customer win. Mouser releases Qorvo RF solutions eBook
• Neutral Sentiment: Skyworks Solutions extended the expiration date for its offer to exchange Qorvo notes as merger plans continue. The extension keeps the transaction in focus but also prolongs uncertainty around timing and deal terms. Skyworks extends Qorvo note exchange
• Negative Sentiment: Qorvo executives disclosed multiple sales: CEO Robert Bruggeworth sold 28,744 shares for about $2.9 million, while three senior vice presidents sold a combined 15,589 shares. The transactions reduced their individual holdings by roughly 3% to 16%, potentially signaling that insiders are taking profits after the stock’s recent advance.
• Negative Sentiment: Valuation and analyst sentiment remain potential headwinds. Shares are trading above the reported analyst consensus price target of $94, while the consensus rating is “Hold,” with 14 holds, three buys and one sell. Citigroup also lowered its price target to $95.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on QRVO shares. Wall Street Zen raised shares of Qorvo from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Qorvo in a research report on Friday, July 24th. UBS Group boosted their target price on Qorvo from $91.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Citigroup cut their price target on Qorvo from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Finally, TD Cowen reiterated a “hold” rating on shares of Qorvo in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $94.00.

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.