Qorvo, Inc. shares had a trading volume of 521K by the end of trading on Thursday. Trading volume was down 76.64% under the stocks average daily volume.
Short traders are feeling a little more bullish on shares of Qorvo, Inc. of late if you take a look at the motion in short interest. The company recorded a fall in short interest of -2.13% as of August 15, 2017 from the last reporting period. Short shares decreased from 10,528,295 to 10,304,017 over that period. The days to cover increased to 7.0 and the short interest percentage is 0.08% as of August 15.
Qorvo, Inc. (NASDAQ:QRVO) has been the object of insider selling activity recently. Jeffery R. Gardner, Director sold $122,315 worth of shares at an average price of $71.95 on September 8th. The Director now owns $2,377,660 of the stock as recorded in a recent Form 4 SEC filing. James L. Klein, VP reported the sale of 2,600 shares of QRVO stock. The shares were purchased at an average price of $72.93. The VP now owns $2,945,861 of the stock per the Form 4 SEC filing.
Robert A. Bruggeworth, President and CEO disclosed the sale of 27,839 shares. The shares were sold on July 7th for a price of $65.02. Bruggeworth now owns $13,708,947 of the stock according to the SEC filing.
A few notable investment firms have updated their holdings. Next Financial Group, Inc grew its position by buying 49 shares an increase of 2.1%. Next Financial Group, Inc controls 2,370 shares worth $150,000,000. The total value of its holdings increased 94,836.7%. Edmond De Rothschild Holding S.a. cut its holdings by shedding 19,000 shares a decrease of 19.6% as of 06/30/2017. Edmond De Rothschild Holding S.a. currently owns 78,000 shares with a value of $4,939,000. The value of the position overall is down by 25.7%.
Lebenthal Asset Management, LLC augmented its ownership by buying 950 shares an increase of 2.2% from 12/31/2016 to 03/31/2017. Lebenthal Asset Management, LLC owns 44,200 shares valued at $3,030,000. The value of the position overall is up by 32.8%. Kavi Asset Management, Lp downsized its stake by selling 22,800 shares a decrease of 43.3% in the quarter. Kavi Asset Management, Lp now controls 29,900 shares valued at $1,894,000. The total value of its holdings decreased 47.6%.
On August 3 Canaccord Genuity held the stock rating at “Buy” but lowered the price target to $81.00 from $89.00.
The company is up from yesterday’s close of 72.95. Company chares are trading at $72.98 impressively higher than $46.06, the 50 day moving average and quite a bit higher than the 200 day moving average of $57.57. The 50 day moving average went up $26.92 or +58.45% and the 200 day average went up by +26.77%.
In the last earnings report the EPS was $-0.33 and is expected to be $5.54 for the current year with 127,267,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.76 and the next full year EPS is anticipated to be $6.59.
Qorvo, Inc., launched on December 13, 2013, is a provider of technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs). Its segments include Mobile Products (MP) and Infrastructure and Defense Products (IDP). The Company operates design, sales and manufacturing facilities located throughout Asia, Europe and North America. Its primary manufacturing facilities are located in North Carolina, Oregon, Texas and Florida, and its primary assembly and test facilities are located in China, Costa Rica and Texas..