LMR Partners LLP Cuts Holdings in Qorvo, Inc. $QRVO

LMR Partners LLP lowered its stake in Qorvo, Inc. (NASDAQ:QRVO) by 38.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,191 shares of the semiconductor company’s stock after selling 126,003 shares during the period. LMR Partners LLP’s holdings in Qorvo were worth $17,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Qorvo during the second quarter worth about $25,000. Banque Transatlantique SA purchased a new position in Qorvo in the first quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB grew its holdings in Qorvo by 166.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 303 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Qorvo in the 2nd quarter valued at approximately $43,000. Finally, SVB Wealth LLC acquired a new stake in shares of Qorvo in the 1st quarter valued at $47,000. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Insider Buying and Selling at Qorvo

In other news, SVP Paul J. Fego sold 13,612 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the transaction, the senior vice president directly owned 54,558 shares in the company, valued at approximately $5,183,010. This trade represents a 19.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on QRVO. JPMorgan Chase & Co. upgraded shares of Qorvo from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $92.00 to $105.00 in a research note on Tuesday, November 4th. UBS Group lifted their price target on Qorvo from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Argus raised Qorvo to a “hold” rating in a research report on Wednesday, November 5th. Citigroup raised Qorvo from a “sell” rating to a “neutral” rating and raised their target price for the stock from $70.00 to $105.00 in a research report on Tuesday, October 28th. Finally, Cfra restated a “hold” rating and set a $122.00 target price on shares of Qorvo in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Qorvo currently has an average rating of “Hold” and a consensus price target of $102.00.

Qorvo Stock Performance

Shares of QRVO stock opened at $88.07 on Friday. The stock’s 50-day moving average is $88.53 and its two-hundred day moving average is $87.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.20 and a current ratio of 2.95. Qorvo, Inc. has a 1 year low of $49.46 and a 1 year high of $106.30. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 1.62 and a beta of 1.37.

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

Qorvo Company Profile

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.