Qorvo (NASDAQ:QRVO) Reaches New 1-Year High – Here’s Why

Qorvo, Inc. (NASDAQ:QRVO)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $114.28 and last traded at $112.36, with a volume of 2254209 shares changing hands. The stock had previously closed at $105.24.

Key Headlines Impacting Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Skyworks CEO Phil Brace said the approximately $22 billion merger with Qorvo has entered its final stages and is expected to close by year-end. The comments reduced perceived regulatory and execution risk and helped drive renewed buying in Qorvo. Skyworks Solutions Stock Eyes Best Weekly Rally Since 2009
• Positive Sentiment: Reports indicated that Qorvo gained alongside Skyworks after the merger update, suggesting investors are assigning a higher probability to the transaction’s completion and potential strategic benefits from combining the two chipmakers. Skyworks Rises as Qorvo Merger Nears Completion
• Positive Sentiment: Qorvo’s latest quarterly results exceeded expectations, with earnings of $1.64 per share versus a $1.11 consensus estimate and revenue of $784.8 million versus $743.3 million expected. The earnings beat reinforces the company’s operating momentum, although year-over-year revenue declined. Qorvo Stock Surges Past 52-Week High
• Neutral Sentiment: Qorvo reached a new one-year high, increasing the possibility of profit-taking after the recent rally. Trading volume was also elevated, indicating strong investor attention but potentially greater short-term volatility.
• Negative Sentiment: Some analysts remain cautious, with a reported price target near $94—well below the current trading range. Options activity also reportedly points to a possible pullback, creating downside risk if merger optimism fades. Skyworks Stock Hits a New 52-Week High

Wall Street Analysts Forecast Growth

Several research firms have issued reports on QRVO. Citigroup dropped their target price on Qorvo from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Wall Street Zen raised Qorvo from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. UBS Group lifted their price target on Qorvo from $91.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qorvo in a report on Friday, July 24th. Finally, TD Cowen reiterated a “hold” rating on shares of Qorvo in a research report on Wednesday, July 29th. Three investment 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $94.00.

Qorvo Stock Up 3.8%

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 firm has a market cap of $10.29 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 2.06 and a beta of 1.45. The firm has a 50 day moving average price of $93.86 and a 200-day moving average price of $90.35.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.11 by $0.53. The business had revenue of $784.79 million for the quarter, compared to analyst estimates of $743.28 million. Qorvo had a net margin of 10.95% and a return on equity of 17.23%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 earnings per share. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. On average, equities analysts forecast that Qorvo, Inc. will post 6.41 EPS for the current year.

Insider Buying and Selling at Qorvo

In related news, CEO Robert Bruggeworth sold 28,744 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $100.87, for a total value of $2,899,407.28. Following the sale, the chief executive officer directly owned 325,546 shares of the company’s stock, valued at approximately $32,837,825.02. This trade represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Frank Stewart sold 8,279 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $94.72, for a total transaction of $784,186.88. Following the transaction, the senior vice president directly owned 43,069 shares of the company’s stock, valued at $4,079,495.68. This trade represents a 16.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 54,999 shares of company stock worth $5,458,714. 0.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Qorvo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in shares of Qorvo by 215.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 231 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Qorvo during the 2nd quarter worth approximately $32,000. Advisory Services Network LLC purchased a new position in Qorvo in the third quarter valued at approximately $36,000. Elevation Wealth Partners LLC raised its holdings in Qorvo by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 413 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 310 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in Qorvo during the second quarter valued at approximately $43,000. 88.57% of the stock is currently owned by institutional investors and hedge funds.

About Qorvo

Qorvo, Inc is a semiconductor company that develops and manufactures radio-frequency (RF) and related connectivity solutions. Its products are used to generate, filter, amplify and manage wireless signals in communications equipment and electronic devices.

The company supplies RF components, modules and integrated circuits for smartphones, cellular base stations, Wi-Fi equipment, automotive systems, Internet of Things devices, consumer electronics, and aerospace and defense applications.