Qorvo, Inc. (NASDAQ:QRVO) Short Interest Up 50.6% in January

Qorvo, Inc. (NASDAQ:QRVO) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 3,372,416 shares, an increase of 50.6% from the December 31st total of 2,239,702 shares. Based on an average daily volume of 1,134,815 shares, the short-interest ratio is presently 3.0 days. Approximately 3.7% of the company’s shares are sold short. Approximately 3.7% of the company’s shares are sold short. Based on an average daily volume of 1,134,815 shares, the short-interest ratio is presently 3.0 days.

Qorvo Stock Performance

Shares of NASDAQ QRVO traded up $1.29 during trading on Monday, reaching $79.40. 742,542 shares of the stock traded hands, compared to its average volume of 1,450,539. The company has a 50-day moving average of $84.49 and a 200-day moving average of $87.56. Qorvo has a 52-week low of $49.46 and a 52-week high of $106.30. The stock has a market capitalization of $7.36 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.89.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.24. The firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $984.10 million. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $1.61 earnings per share. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Analysts forecast that Qorvo will post 4.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on QRVO shares. JPMorgan Chase & Co. raised Qorvo from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $92.00 to $105.00 in a research note on Tuesday, November 4th. Argus upgraded shares of Qorvo to a “hold” rating in a research report on Wednesday, November 5th. TD Cowen dropped their target price on Qorvo from $95.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Weiss Ratings raised shares of Qorvo from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday. Finally, Morgan Stanley set a $84.00 target price on shares of Qorvo in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Qorvo has a consensus rating of “Hold” and a consensus target price of $93.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp grew its stake in Qorvo by 440.1% in the first quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock worth $589,000 after purchasing an additional 6,628 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Qorvo by 1.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock worth $682,000 after purchasing an additional 118 shares during the last quarter. Signaturefd LLC raised its holdings in Qorvo by 134.6% during the second quarter. Signaturefd LLC now owns 1,553 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 891 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Qorvo by 61.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,901 shares of the semiconductor company’s stock worth $926,000 after buying an additional 4,157 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in Qorvo by 6.9% during the 2nd quarter. HB Wealth Management LLC now owns 2,955 shares of the semiconductor company’s stock valued at $251,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Qorvo Company Profile

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.