Qorvo Target of Unusually High Options Trading (NASDAQ:QRVO)

Qorvo, Inc. (NASDAQ:QRVO) was the target of unusually large options trading on Wednesday. Traders purchased 4,121 call options on the stock. This represents an increase of 542% compared to the typical daily volume of 642 call options.

Qorvo Price Performance

QRVO opened at $81.59 on Friday. The company has a current ratio of 2.95, a quick ratio of 2.20 and a debt-to-equity ratio of 0.44. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 35.32, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36. The stock has a fifty day simple moving average of $84.70 and a two-hundred day simple moving average of $87.92. Qorvo has a 12-month low of $49.46 and a 12-month high of $106.30.

Qorvo (NASDAQ:QRVO) last announced its earnings results on Monday, November 3rd. The semiconductor company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.19. The firm had revenue of $1.06 billion for the quarter. Qorvo had a net margin of 5.95% and a return on equity of 13.30%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 EPS. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. Research analysts predict that Qorvo will post 4.09 earnings per share for the current fiscal year.

Institutional Trading of Qorvo

Several hedge funds and other institutional investors have recently made changes to their positions in QRVO. Vanguard Group Inc. raised its stake in Qorvo by 0.9% during the third quarter. Vanguard Group Inc. now owns 11,105,104 shares of the semiconductor company’s stock valued at $1,011,453,000 after buying an additional 100,058 shares during the last quarter. State Street Corp raised its position in shares of Qorvo by 5.0% in the 2nd quarter. State Street Corp now owns 3,704,113 shares of the semiconductor company’s stock worth $314,516,000 after purchasing an additional 175,031 shares during the last quarter. Norges Bank bought a new position in Qorvo in the 2nd quarter worth about $153,994,000. Dimensional Fund Advisors LP grew its position in Qorvo by 16.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,727,103 shares of the semiconductor company’s stock valued at $157,298,000 after purchasing an additional 243,147 shares during the last quarter. Finally, LSV Asset Management increased its stake in Qorvo by 10.0% during the 3rd quarter. LSV Asset Management now owns 1,520,856 shares of the semiconductor company’s stock valued at $138,520,000 after purchasing an additional 137,886 shares in the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Analyst Upgrades and Downgrades

QRVO has been the subject of a number of analyst reports. Argus raised Qorvo to a “hold” rating in a research note on Wednesday, November 5th. Weiss Ratings lowered shares of Qorvo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. UBS Group cut their price target on shares of Qorvo from $108.00 to $87.00 and set a “neutral” rating on the stock in a report on Tuesday. Zacks Research cut shares of Qorvo from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Morgan Stanley set a $110.00 target price on shares of Qorvo and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Qorvo presently has a consensus rating of “Hold” and an average price target of $99.73.

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.