Qorvo (NASDAQ:QRVO) SVP Steven Creviston Sells 4,810 Shares

Qorvo, Inc. (NASDAQ:QRVO) SVP Steven Creviston sold 4,810 shares of Qorvo stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $100.87, for a total value of $485,184.70. Following the transaction, the senior vice president owned 119,451 shares of the company’s stock, valued at $12,049,022.37. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Qorvo Stock Performance

Shares of QRVO opened at $100.38 on Friday. The firm has a market capitalization of $8.86 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.77 and a beta of 1.45. Qorvo, Inc. has a 52 week low of $74.92 and a 52 week high of $109.49. The stock has a 50 day moving average price of $91.91 and a two-hundred day moving average price of $89.38. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.68 and a current ratio of 3.54.

Qorvo (NASDAQ:QRVO) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.53. The company had revenue of $784.79 million for the quarter, compared to analyst estimates of $743.28 million. Qorvo had a return on equity of 17.23% and a net margin of 10.95%.The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. Equities analysts forecast that Qorvo, Inc. will post 6.3 earnings per share for the current fiscal year.

Key Qorvo News

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Mouser Electronics released a Qorvo-supported eBook highlighting RF solutions for drones, satellite communications and industrial IoT. The initiative reinforces Qorvo’s exposure to potentially growing markets requiring higher bandwidth, power efficiency and connectivity. Mouser Releases New Qorvo eBook on RF Solutions for Drones, SATCOM and IIoT Next-Generation Markets
• Positive Sentiment: Zacks identified Qorvo as a strong value stock, which could attract investors because of its valuation and earnings profile. The company’s latest quarterly results also showed an earnings beat, with EPS of $1.64 versus the $1.11 consensus estimate, although revenue declined 4.2% year over year. Here’s Why Qorvo Is a Strong Value Stock
• Neutral Sentiment: Skyworks Solutions extended the expiration date for its offers to exchange Qorvo notes amid the companies’ merger plans. The extension keeps the transaction in focus but may prolong uncertainty around timing, financing and deal completion. Skyworks Extends Qorvo Note Exchange Amid Merger Plans
• Negative Sentiment: Qorvo insiders reported several sales totaling approximately $4.42 million. CEO Robert Bruggeworth sold 28,744 shares, while SVPs Steven Creviston, Paul Fego and Frank Stewart also reduced their holdings. Although such transactions can reflect diversification or planned selling, the concentration of sales may weigh on investor sentiment.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on QRVO. 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 report on Wednesday, July 29th. TD Cowen reiterated a “hold” rating on shares of Qorvo in a report on Wednesday, July 29th. Citigroup dropped their price target on shares of Qorvo from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Qorvo in a report on Friday, July 24th. Finally, Wall Street Zen raised shares of Qorvo from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $94.00.

Institutional Trading of Qorvo

Hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in 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 during the period. Global Retirement Partners LLC purchased a new stake in shares of Qorvo during the 2nd quarter valued at $32,000. Advisory Services Network LLC bought a new stake in shares of Qorvo during the 3rd quarter worth $36,000. Elevation Wealth Partners LLC raised its stake in shares of Qorvo by 301.0% during 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 bought a new stake in shares of Qorvo during the 2nd quarter worth $43,000. 88.57% of the stock is currently owned by institutional investors.

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.