Quantbot Technologies LP Takes $12.40 Million Position in Qorvo, Inc. $QRVO

Quantbot Technologies LP acquired a new position in Qorvo, Inc. (NASDAQ:QRVO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 136,181 shares of the semiconductor company’s stock, valued at approximately $12,403,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QRVO. Lecap Asset Management Ltd. purchased a new stake in shares of Qorvo during the 3rd quarter worth about $2,689,000. Optimize Financial Inc acquired a new position in Qorvo in the 3rd quarter worth about $1,349,000. Norges Bank purchased a new position in Qorvo during the second quarter worth approximately $153,994,000. Seizert Capital Partners LLC acquired a new stake in Qorvo in the third quarter valued at approximately $2,092,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Qorvo in the second quarter valued at approximately $2,758,000. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Qorvo Price Performance

QRVO stock opened at $82.90 on Friday. Qorvo, Inc. has a 1 year low of $49.46 and a 1 year high of $106.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.89. The firm has a market capitalization of $7.69 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.43 and a beta of 1.37. The business has a 50 day simple moving average of $82.74 and a 200-day simple moving average of $87.06.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings data on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.24. The company had revenue of $993.00 million for the quarter, compared to analyst estimates of $984.10 million. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 earnings per share. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities research analysts anticipate that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $92.00 to $105.00 in a research note on Tuesday, November 4th. Morgan Stanley set a $84.00 target price on shares of Qorvo in a research report on Wednesday, January 28th. Stifel Nicolaus reduced their price target on shares of Qorvo from $88.00 to $85.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. UBS Group decreased their price target on shares of Qorvo from $108.00 to $87.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 20th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Qorvo in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Buy rating and eighteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Qorvo presently has an average rating of “Hold” and an average price target of $93.56.

Qorvo 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.