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

Qorvo, Inc. (NASDAQ:QRVO) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 4,528,047 shares, an increase of 34.3% from the January 15th total of 3,372,416 shares. Approximately 4.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,799,231 shares, the days-to-cover ratio is currently 2.5 days. Based on an average daily trading volume, of 1,799,231 shares, the days-to-cover ratio is currently 2.5 days. Approximately 4.9% of the shares of the company are short sold.

Institutional Investors Weigh In On Qorvo

A number of large investors have recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. purchased a new stake in Qorvo during the third quarter valued at about $2,689,000. Optimize Financial Inc purchased a new stake in Qorvo during the 3rd quarter valued at about $1,349,000. Norges Bank bought a new position in Qorvo during the 2nd quarter worth approximately $153,994,000. Seizert Capital Partners LLC purchased a new position in Qorvo in the 3rd quarter worth approximately $2,092,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Qorvo in the second quarter valued at approximately $2,758,000. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Susquehanna decreased their target price on Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Benchmark reaffirmed a “hold” rating on shares of Qorvo in a report on Wednesday, January 28th. Citigroup reduced their target price on shares of Qorvo from $105.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. KeyCorp restated a “sector weight” rating on shares of Qorvo in a research note on Wednesday, January 28th. Finally, Stifel Nicolaus reduced their price objective on shares of Qorvo from $88.00 to $85.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $93.56.

Qorvo Price Performance

Shares of NASDAQ:QRVO traded down $0.15 on Tuesday, hitting $84.29. The company’s stock had a trading volume of 1,004,622 shares, compared to its average volume of 1,458,085. The company has a market capitalization of $7.81 billion, a PE ratio of 23.22, a PEG ratio of 1.47 and a beta of 1.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.89. The company has a 50-day simple moving average of $83.58 and a 200 day simple moving average of $87.28. Qorvo has a 1 year low of $49.46 and a 1 year high of $106.30.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings data on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.24. The company 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%. Qorvo’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.61 earnings per share. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Sell-side analysts forecast that Qorvo will post 4.09 EPS for the current fiscal year.

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.