Qorvo (NASDAQ:QRVO) SVP Sells $250,000.00 in Stock

Key Points

• Qorvo SVP Paul Fego sold 2,500 shares at $100 each for $250,000, reducing his direct stake by 3.15% to 76,960 shares.
• Qorvo’s latest quarterly results beat expectations, with EPS of $1.64 versus the $1.11 consensus and revenue of $784.8 million versus $743.3 million expected, although revenue declined 4.2% year over year.
• Shares recently traded near $100, above the analyst consensus price target of $94; the consensus rating remains “Hold,” while institutional investors own approximately 88.6% of the company.

Qorvo, Inc. (NASDAQ:QRVO - Get Free Report) SVP Paul Fego sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the sale, the senior vice president directly owned 76,960 shares in the company, valued at approximately $7,696,000. The trade was a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Qorvo Price Performance

• Qorvo NASDAQ: QRVO Will Be One Wild Buy

QRVO traded down $0.25 during trading on Thursday, reaching $100.38. The stock had a trading volume of 1,071,475 shares, compared to its average volume of 1,256,104. The stock has a 50 day moving average of $91.81 and a two-hundred day moving average of $89.27. 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 firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 1.70 and a beta of 1.45. Qorvo, Inc. has a 1-year low of $74.92 and a 1-year high of $109.49.

Qorvo (NASDAQ:QRVO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $743.28 million. During the same period last year, the firm earned $0.92 EPS. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. As a group, equities analysts anticipate that Qorvo, Inc. will post 6.3 EPS for the current fiscal year.

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.

Hedge Funds Weigh In On Qorvo

A number of institutional investors have recently bought and sold shares of QRVO. Smartleaf Asset Management LLC boosted its holdings 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 period. Global Retirement Partners LLC purchased a new stake in shares of Qorvo in the 2nd quarter valued at approximately $32,000. Advisory Services Network LLC acquired a new position in Qorvo in the 3rd quarter worth approximately $36,000. Elevation Wealth Partners LLC boosted its stake in Qorvo by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 413 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 310 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Qorvo during the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 88.57% of the company's stock.

Analysts Set New Price Targets

QRVO has been the topic of several research reports. Craig Hallum reiterated a "buy" rating and issued a $120.00 price target on shares of Qorvo in a research report on Wednesday, May 6th. TD Cowen restated a "hold" rating on shares of Qorvo in a research report on Wednesday, July 29th. 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 note on Wednesday, July 29th. Citigroup dropped their target price 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Qorvo from $85.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Qorvo currently has a consensus rating of "Hold" and an average 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.

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