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

Qorvo, Inc. (NASDAQ:QRVO) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,910,000 shares, a decline of 22.2% from the August 15th total of 3,740,000 shares. Currently, 3.2% of the shares of the company are sold short. Based on an average trading volume of 1,750,000 shares, the short-interest ratio is currently 1.7 days. Based on an average trading volume of 1,750,000 shares, the short-interest ratio is currently 1.7 days. Currently, 3.2% of the shares of the company are sold short.

Qorvo Price Performance

Shares of NASDAQ:QRVO opened at $91.81 on Friday. The company has a 50 day moving average of $88.63 and a 200 day moving average of $78.60. The stock has a market cap of $8.51 billion, a P/E ratio of 108.01, a P/E/G ratio of 1.76 and a beta of 1.39. Qorvo has a 12 month low of $49.46 and a 12 month high of $107.33. The company has a current ratio of 2.81, a quick ratio of 2.01 and a debt-to-equity ratio of 0.45.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings data on Tuesday, July 29th. The semiconductor company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.62 by $0.30. The company had revenue of $818.80 million during the quarter, compared to analysts’ expectations of $775.61 million. Qorvo had a net margin of 2.21% and a return on equity of 12.63%. Qorvo’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 earnings per share. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. As a group, sell-side analysts forecast that Qorvo will post 4.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on QRVO shares. Susquehanna reissued a “neutral” rating and issued a $95.00 price target (up previously from $90.00) on shares of Qorvo in a research report on Wednesday, July 30th. Wall Street Zen raised shares of Qorvo from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Barclays boosted their price target on shares of Qorvo from $70.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Loop Capital boosted their price target on shares of Qorvo from $75.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus set a $88.00 price target on shares of Qorvo and gave the company a “hold” rating in a research report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $95.35.

Hedge Funds Weigh In On Qorvo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. City Holding Co. purchased a new position in Qorvo in the 1st quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in Qorvo in the 2nd quarter worth approximately $25,000. Banque Transatlantique SA purchased a new position in Qorvo in the 1st quarter worth approximately $27,000. Larson Financial Group LLC grew its stake in Qorvo by 222.6% in the 1st quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company’s stock worth $31,000 after buying an additional 296 shares in the last quarter. Finally, Curat Global LLC purchased a new position in Qorvo in the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 88.57% of the company’s stock.

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.