Qorvo, Inc. $QRVO Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Qorvo, Inc. (NASDAQ:QRVO) by 0.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,105,104 shares of the semiconductor company’s stock after purchasing an additional 100,058 shares during the period. Vanguard Group Inc. owned approximately 12.02% of Qorvo worth $1,011,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its stake in Qorvo by 440.1% during the first quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock worth $589,000 after buying an additional 6,628 shares during the last quarter. CWM LLC increased its holdings in Qorvo by 30.9% in the 2nd quarter. CWM LLC now owns 2,012 shares of the semiconductor company’s stock valued at $171,000 after purchasing an additional 475 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Qorvo by 5.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 10,377 shares of the semiconductor company’s stock valued at $872,000 after purchasing an additional 541 shares during the period. Resonant Capital Advisors LLC acquired a new position in Qorvo during the second quarter worth $227,000. Finally, Envestnet Asset Management Inc. lifted its stake in Qorvo by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 22,028 shares of the semiconductor company’s stock worth $1,870,000 after purchasing an additional 1,851 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

Analyst Ratings Changes

QRVO has been the topic of several research analyst reports. Benchmark reiterated a “hold” rating on shares of Qorvo in a report on Wednesday, January 28th. TD Cowen cut their price target on shares of Qorvo from $95.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Piper Sandler reissued a “neutral” rating on shares of Qorvo in a research note on Wednesday, January 28th. JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $92.00 to $105.00 in a research note on Tuesday, November 4th. Finally, Craig Hallum reduced their target price on shares of Qorvo from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $93.56.

Qorvo Stock Performance

Shares of Qorvo stock opened at $82.24 on Friday. The business has a 50-day simple moving average of $83.10 and a 200-day simple moving average of $87.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.89 and a current ratio of 3.67. Qorvo, Inc. has a one year low of $49.46 and a one year high of $106.30. The company has a market cap of $7.62 billion, a PE ratio of 22.66, a P/E/G ratio of 1.43 and a beta of 1.37.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.24. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. The firm had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $984.10 million. During the same quarter last year, the company earned $1.61 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, equities research analysts forecast that Qorvo, Inc. will post 4.09 EPS for the current fiscal year.

About Qorvo

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.