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

Qorvo, Inc. (NASDAQ:QRVO) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 4,528,047 shares, a growth of 34.3% from the January 15th total of 3,372,416 shares. Currently, 4.9% of the shares of the company 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 company are sold short.

Qorvo Stock Performance

Shares of QRVO stock traded up $1.54 during trading on Friday, reaching $84.44. 1,045,640 shares of the company’s stock traded hands, compared to its average volume of 1,582,661. Qorvo has a 1 year low of $49.46 and a 1 year high of $106.30. The company has a market capitalization of $7.83 billion, a P/E ratio of 23.26, a PEG ratio of 1.47 and a beta of 1.37. The company has a current ratio of 3.67, a quick ratio of 2.89 and a debt-to-equity ratio of 0.42. The firm’s 50-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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.24. The business had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $984.10 million. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 EPS. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities research analysts expect that Qorvo will post 4.09 EPS for the current year.

Hedge Funds Weigh In On Qorvo

A number of large investors have recently modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in shares of Qorvo by 440.1% in the 1st quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock valued at $589,000 after acquiring an additional 6,628 shares in the last quarter. CWM LLC raised its stake in Qorvo by 30.9% in the second quarter. CWM LLC now owns 2,012 shares of the semiconductor company’s stock valued at $171,000 after purchasing an additional 475 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Qorvo by 32.5% during the second quarter. Allianz Asset Management GmbH now owns 522,118 shares of the semiconductor company’s stock valued at $44,333,000 after purchasing an additional 128,162 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Qorvo in the 2nd quarter worth approximately $1,953,000. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of Qorvo by 7.7% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,808 shares of the semiconductor company’s stock worth $426,000 after buying an additional 342 shares during the last quarter. 88.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

QRVO has been the subject of a number of recent analyst reports. TD Cowen decreased their target price on Qorvo from $95.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Morgan Stanley set a $84.00 price target on shares of Qorvo in a report on Wednesday, January 28th. Argus upgraded shares of Qorvo to a “hold” rating in a report on Wednesday, November 5th. Mizuho lowered their price objective on shares of Qorvo from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Finally, Benchmark reissued a “hold” rating on shares of Qorvo in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.