Quantinno Capital Management LP Grows Position in Qorvo, Inc. $QRVO

Quantinno Capital Management LP grew its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 19.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 762,902 shares of the semiconductor company’s stock after acquiring an additional 124,786 shares during the period. Quantinno Capital Management LP’s holdings in Qorvo were worth $59,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in QRVO. AQR Arbitrage LLC purchased a new position in shares of Qorvo in the 4th quarter valued at about $118,204,000. Norges Bank acquired a new stake in shares of Qorvo in the fourth quarter valued at about $92,430,000. Marshall Wace LLP boosted its holdings in Qorvo by 16,066.5% during the third quarter. Marshall Wace LLP now owns 814,630 shares of the semiconductor company’s stock worth $74,197,000 after buying an additional 809,591 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Qorvo during the third quarter worth about $66,594,000. Finally, Magnetar Financial LLC grew its position in Qorvo by 12,037.4% during the fourth quarter. Magnetar Financial LLC now owns 542,786 shares of the semiconductor company’s stock worth $45,871,000 after buying an additional 538,314 shares during the period. 88.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on QRVO. JPMorgan Chase & Co. increased their target price on shares of Qorvo from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Zacks Research cut Qorvo from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Wall Street Zen downgraded Qorvo from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays raised Qorvo from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $95.00 to $100.00 in a report on Wednesday, April 22nd. Finally, TD Cowen reiterated a “hold” rating on shares of Qorvo in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $94.00.

Insider Buying and Selling

In other news, SVP Paul J. Fego sold 2,500 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the completion of the transaction, the senior vice president directly owned 71,038 shares of the company’s stock, valued at $7,103,800. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter A. Feld sold 1,900,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $101.20, for a total value of $192,280,000.00. Following the completion of the sale, the director owned 5,611,526 shares in the company, valued at $567,886,431.20. This represents a 25.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,966,127 shares of company stock valued at $198,911,103. 0.49% of the stock is owned by insiders.

Qorvo Trading Down 2.5%

Shares of QRVO opened at $89.50 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.24 and a quick ratio of 2.46. The firm has a 50 day simple moving average of $94.34 and a 200-day simple moving average of $86.71. Qorvo, Inc. has a 1-year low of $74.92 and a 1-year high of $109.49. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44.

Qorvo (NASDAQ:QRVO) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.53. Qorvo had a return on equity of 17.17% and a net margin of 10.95%.The firm had revenue of $784.79 million for the quarter, compared to analyst estimates of $743.28 million. During the same quarter in the prior year, the company earned $0.92 EPS. Qorvo’s revenue was down 4.2% on a year-over-year basis. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. Equities analysts forecast that Qorvo, Inc. will post 5.83 EPS for the current fiscal year.

Key Stories Impacting Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Qorvo reported adjusted earnings of $1.64 per share, well above the $1.11 consensus estimate, while revenue of approximately $784.8 million also exceeded expectations. Growth in High-Performance Analog products and cost controls helped improve profitability despite weaker smartphone-related sales. Qorvo Beats Q1 Earnings Estimates Despite Lower Year-over-Year Revenues
• Positive Sentiment: The company raised or reaffirmed its fiscal 2027 outlook at approximately $7.00 in EPS, above the roughly $6.69 analyst expectation, supporting the longer-term earnings case.
• Positive Sentiment: Qorvo and Skyworks unveiled a leadership team for their planned combination. The transaction could create scale and cost synergies, while regulatory approvals are reportedly progressing. Skyworks and Qorvo Unveil Leadership Team for Planned Merger
• Neutral Sentiment: Analysts broadly acknowledged the solid quarter but remain on the sidelines until the Skyworks merger closes. UBS raised its target to $96 while maintaining Hold, and Susquehanna reiterated Hold with an $80 target, citing valuation concerns. UBS Maintains Hold on Qorvo
• Negative Sentiment: Quarterly revenue declined about 4.2% from the prior year, reflecting softer mobile and smartphone demand. Citi lowered its price target from $100 to $95 and kept a Neutral rating, reinforcing concerns about near-term growth. Qorvo Beats Q1 Earnings and Revenue Estimates
• Negative Sentiment: The planned merger introduces execution, regulatory, financing, and integration risks. Continued insider selling reported over the past six months may also weigh on investor confidence.

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.