Qorvo (NASDAQ:QRVO) Trading Up 6.4% – Still a Buy?

Qorvo, Inc. (NASDAQ:QRVO)’s share price rose 6.4% during trading on Thursday . The stock traded as high as $110.80 and last traded at $112.0270. 485,027 shares changed hands during trading, a decline of 61% from the average daily volume of 1,247,378 shares. The stock had previously closed at $105.24.

Key Qorvo News

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Skyworks CEO Phil Brace said the approximately $22 billion merger with Qorvo has entered its final stages and is expected to close by year-end. The comments reduced perceived regulatory and execution risk and helped drive renewed buying in Qorvo. Skyworks Solutions Stock Eyes Best Weekly Rally Since 2009
• Positive Sentiment: Reports indicated that Qorvo gained alongside Skyworks after the merger update, suggesting investors are assigning a higher probability to the transaction’s completion and potential strategic benefits from combining the two chipmakers. Skyworks Rises as Qorvo Merger Nears Completion
• Positive Sentiment: Qorvo’s latest quarterly results exceeded expectations, with earnings of $1.64 per share versus a $1.11 consensus estimate and revenue of $784.8 million versus $743.3 million expected. The earnings beat reinforces the company’s operating momentum, although year-over-year revenue declined. Qorvo Stock Surges Past 52-Week High
• Neutral Sentiment: Qorvo reached a new one-year high, increasing the possibility of profit-taking after the recent rally. Trading volume was also elevated, indicating strong investor attention but potentially greater short-term volatility.
• Negative Sentiment: Some analysts remain cautious, with a reported price target near $94—well below the current trading range. Options activity also reportedly points to a possible pullback, creating downside risk if merger optimism fades. Skyworks Stock Hits a New 52-Week High

Wall Street Analysts Forecast Growth

A number of analysts have commented on QRVO shares. UBS Group boosted their price target on shares of Qorvo from $91.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qorvo in a research note on Friday, July 24th. TD Cowen reissued a “hold” rating on shares of Qorvo in a report on Wednesday, July 29th. Wall Street Zen upgraded Qorvo from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. Finally, Citigroup decreased their price target on Qorvo from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Qorvo has a consensus rating of “Hold” and an average target price of $94.00.

Qorvo Trading Up 3.8%

The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 1.98 and a beta of 1.45. The company has a quick ratio of 2.68, a current ratio of 3.54 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $93.86 and its 200 day moving average is $90.35.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.53. The firm had revenue of $784.79 million for the quarter, compared to analyst estimates of $743.28 million. Qorvo had a net margin of 10.95% and a return on equity of 17.23%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 year.

Insider Activity at Qorvo

In related news, SVP Paul J. Fego sold 2,500 shares of Qorvo stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the transaction, the senior vice president owned 76,960 shares of the company’s stock, valued at approximately $7,696,000. This trade represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Frank P. Stewart sold 8,279 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $94.72, for a total value of $784,186.88. Following the sale, the senior vice president owned 43,069 shares in the company, valued at approximately $4,079,495.68. The trade was a 16.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,999 shares of company stock valued at $5,458,714 over the last ninety days. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in QRVO. Bank of America Corp DE boosted its position in shares of Qorvo by 801.4% in the first quarter. Bank of America Corp DE now owns 1,767,373 shares of the semiconductor company’s stock worth $136,795,000 after buying an additional 1,571,303 shares during the period. Allianz Asset Management GmbH lifted its stake in Qorvo by 12.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 825,960 shares of the semiconductor company’s stock worth $77,037,000 after acquiring an additional 89,378 shares in the last quarter. LSV Asset Management lifted its stake in Qorvo by 2.3% in the 4th quarter. LSV Asset Management now owns 1,555,461 shares of the semiconductor company’s stock worth $131,452,000 after acquiring an additional 34,605 shares in the last quarter. Amundi boosted its position in Qorvo by 197.2% during the 1st quarter. Amundi now owns 772,352 shares of the semiconductor company’s stock worth $59,780,000 after acquiring an additional 512,475 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Qorvo during the 2nd quarter valued at about $1,866,000. 88.57% of the stock is owned by hedge funds and other institutional investors.

About Qorvo

Qorvo, Inc is a semiconductor company that develops and manufactures radio-frequency (RF) and related connectivity solutions. Its products are used to generate, filter, amplify and manage wireless signals in communications equipment and electronic devices.

The company supplies RF components, modules and integrated circuits for smartphones, cellular base stations, Wi-Fi equipment, automotive systems, Internet of Things devices, consumer electronics, and aerospace and defense applications.