Qorvo (NASDAQ:QRVO) SVP Paul Fego Sells 2,500 Shares

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

Qorvo Price Performance

Shares of NASDAQ QRVO opened at $100.38 on Friday. The company has a quick ratio of 2.68, a current ratio of 3.54 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average price is $91.91 and its two-hundred day moving average price is $89.38. The company has a market cap of $8.86 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45. Qorvo, Inc. has a twelve month low of $74.92 and a twelve month high of $109.49.

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

Institutional Investors Weigh In On Qorvo

Institutional investors have recently modified their holdings of the business. Allianz Asset Management GmbH increased its position in Qorvo by 12.1% during the second quarter. Allianz Asset Management GmbH now owns 825,960 shares of the semiconductor company’s stock worth $77,037,000 after acquiring an additional 89,378 shares during the period. HighTower Advisors LLC raised its stake in Qorvo by 2.0% in the 2nd quarter. HighTower Advisors LLC now owns 39,520 shares of the semiconductor company’s stock worth $3,686,000 after purchasing an additional 786 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Qorvo by 8,968.7% in the 2nd quarter. California State Teachers Retirement System now owns 9,208,361 shares of the semiconductor company’s stock valued at $858,864,000 after purchasing an additional 9,106,821 shares during the period. Ameritas Advisory Services LLC bought a new stake in Qorvo in the 2nd quarter valued at about $43,000. Finally, Wedmont Private Capital grew its position in shares of Qorvo by 1.6% during the 2nd quarter. Wedmont Private Capital now owns 10,247 shares of the semiconductor company’s stock worth $879,000 after purchasing an additional 162 shares in the last quarter. Institutional investors own 88.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on QRVO shares. UBS Group lifted their price objective on shares of Qorvo from $91.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. TD Cowen reaffirmed a “hold” rating on shares of Qorvo in a report on Wednesday, July 29th. Citigroup lowered their price target on shares of Qorvo from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Qorvo in a research report on Friday, July 24th. Finally, Wall Street Zen upgraded Qorvo from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $94.00.

More Qorvo News

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Mouser Electronics released a Qorvo-supported eBook highlighting RF solutions for drones, satellite communications and industrial IoT. The initiative reinforces Qorvo’s exposure to potentially growing markets requiring higher bandwidth, power efficiency and connectivity. Mouser Releases New Qorvo eBook on RF Solutions for Drones, SATCOM and IIoT Next-Generation Markets
• Positive Sentiment: Zacks identified Qorvo as a strong value stock, which could attract investors because of its valuation and earnings profile. The company’s latest quarterly results also showed an earnings beat, with EPS of $1.64 versus the $1.11 consensus estimate, although revenue declined 4.2% year over year. Here’s Why Qorvo Is a Strong Value Stock
• Neutral Sentiment: Skyworks Solutions extended the expiration date for its offers to exchange Qorvo notes amid the companies’ merger plans. The extension keeps the transaction in focus but may prolong uncertainty around timing, financing and deal completion. Skyworks Extends Qorvo Note Exchange Amid Merger Plans
• Negative Sentiment: Qorvo insiders reported several sales totaling approximately $4.42 million. CEO Robert Bruggeworth sold 28,744 shares, while SVPs Steven Creviston, Paul Fego and Frank Stewart also reduced their holdings. Although such transactions can reflect diversification or planned selling, the concentration of sales may weigh on investor sentiment.

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.