Insider Selling: Qorvo (NASDAQ:QRVO) SVP Sells 13,612 Shares of Stock

Key Points

• Qorvo's Senior Vice President, Paul Fego, sold 13,612 shares of the company's stock for a total value of $1,293,140, resulting in a nearly 20% decrease in his position.
• The company's stock price has seen fluctuations, recently trading at $93.85, while hitting a one-year low of $49.46 and a high of $107.33.
• Analysts have varied ratings on Qorvo, with a consensus of 10 hold ratings, 5 buy ratings, and an average price target of $95.35.

Qorvo, Inc. (NASDAQ:QRVO - Get Free Report) SVP Paul Fego sold 13,612 shares of the business's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $95.00, for a total value of $1,293,140.00. Following the completion of the transaction, the senior vice president directly owned 54,558 shares in the company, valued at approximately $5,183,010. This represents a 19.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Qorvo Stock Performance

QRVO stock traded down $2.46 during midday trading on Tuesday, hitting $93.85. The company's stock had a trading volume of 2,113,597 shares, compared to its average volume of 2,362,706. The stock's 50-day moving average price is $88.80 and its 200 day moving average price is $78.84. The company has a quick ratio of 2.01, a current ratio of 2.81 and a debt-to-equity ratio of 0.45. Qorvo, Inc. has a 1 year low of $49.46 and a 1 year high of $107.33. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 110.41, a PEG ratio of 1.79 and a beta of 1.39.

Qorvo (NASDAQ:QRVO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.30. Qorvo had a return on equity of 12.63% and a net margin of 2.21%.The business had revenue of $818.80 million for the quarter, compared to analysts' expectations of $775.61 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The business's revenue was down 7.7% on a year-over-year basis. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. On average, equities analysts forecast that Qorvo, Inc. will post 4.09 EPS for the current year.

Wall Street Analyst Weigh In

QRVO has been the subject of several research reports. Wall Street Zen upgraded Qorvo from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Piper Sandler increased their price target on Qorvo from $110.00 to $125.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Needham & Company LLC increased their price objective on Qorvo from $90.00 to $104.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. UBS Group set a $100.00 price objective on Qorvo and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, TD Cowen increased their price objective on Qorvo from $80.00 to $95.00 and gave the stock a "hold" rating in a report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $95.35.

Hedge Funds Weigh In On Qorvo

Institutional investors have recently modified their holdings of the company. City Holding Co. bought a new position in shares of Qorvo during the 1st quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Qorvo during the 2nd quarter valued at about $25,000. Banque Transatlantique SA bought a new position in shares of Qorvo during the 1st quarter valued at about $27,000. Larson Financial Group LLC increased its position in shares of Qorvo by 222.6% during the 1st quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 296 shares during the last quarter. Finally, Curat Global LLC bought a new position in shares of Qorvo during the 1st quarter valued at about $34,000. 88.57% of the stock is currently owned by institutional investors.

Qorvo Company Profile

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.

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