Investors Buy Large Volume of Call Options on Qorvo (NASDAQ:QRVO)

Qorvo, Inc. (NASDAQ:QRVO) saw unusually large options trading on Wednesday. Stock traders purchased 4,121 call options on the stock. This is an increase of 542% compared to the average volume of 642 call options.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of Qorvo from $108.00 to $87.00 and set a “neutral” rating on the stock in a research note on Tuesday. Citigroup upgraded Qorvo from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $70.00 to $105.00 in a research report on Tuesday, October 28th. Cfra Research upgraded Qorvo to a “hold” rating in a report on Tuesday, October 28th. Argus upgraded shares of Qorvo to a “hold” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings lowered Qorvo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $100.07.

Qorvo Stock Performance

Shares of QRVO stock opened at $80.95 on Thursday. 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 stock has a market capitalization of $7.48 billion, a P/E ratio of 35.04, a PEG ratio of 1.49 and a beta of 1.36. Qorvo has a 12 month low of $49.46 and a 12 month high of $106.30. The firm’s 50 day moving average is $84.79 and its 200 day moving average is $87.96.

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

Institutional Investors Weigh In On Qorvo

Hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its stake in shares of Qorvo by 440.1% during the first quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock valued at $589,000 after buying an additional 6,628 shares during the last quarter. Voya Investment Management LLC raised its holdings in Qorvo by 19.0% in the first quarter. Voya Investment Management LLC now owns 18,725 shares of the semiconductor company’s stock worth $1,356,000 after buying an additional 2,990 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Qorvo by 1.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock valued at $682,000 after acquiring an additional 118 shares in the last quarter. GAMMA Investing LLC grew its position in Qorvo by 13.6% during the second quarter. GAMMA Investing LLC now owns 4,162 shares of the semiconductor company’s stock valued at $353,000 after buying an additional 497 shares during the period. Finally, Norden Group LLC bought a new position in Qorvo in the 2nd quarter worth $205,000. 88.57% of the stock is currently owned by institutional investors.

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.