26,689 Shares in Qorvo, Inc. $QRVO Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new stake in Qorvo, Inc. (NASDAQ:QRVO) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 26,689 shares of the semiconductor company’s stock, valued at approximately $2,431,000.

Several other large investors also recently bought and sold shares of the company. Lecap Asset Management Ltd. acquired a new stake in shares of Qorvo in the third quarter valued at approximately $2,689,000. Norges Bank purchased a new stake in Qorvo in the 2nd quarter valued at $153,994,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Qorvo in the 2nd quarter worth $2,758,000. Vinva Investment Management Ltd purchased a new position in shares of Qorvo during the 2nd quarter worth $507,000. Finally, F&V Capital Management LLC boosted its position in shares of Qorvo by 69.0% during the 2nd quarter. F&V Capital Management LLC now owns 157,062 shares of the semiconductor company’s stock valued at $13,336,000 after acquiring an additional 64,114 shares during the last quarter. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on QRVO shares. Morgan Stanley set a $110.00 price objective on shares of Qorvo and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Weiss Ratings downgraded shares of Qorvo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Citigroup upgraded Qorvo from a “sell” rating to a “neutral” rating and upped their price objective for the company from $70.00 to $105.00 in a report on Tuesday, October 28th. Susquehanna lowered their price objective on Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Zacks Research downgraded Qorvo from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Three equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $99.73.

Qorvo Stock Down 0.8%

Qorvo stock opened at $80.91 on Friday. The company has a market capitalization of $7.48 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.53 and a beta of 1.36. 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 fifty-two week low of $49.46 and a fifty-two week high of $106.30. The firm has a 50 day moving average price of $84.62 and a 200 day moving average price of $87.88.

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

Qorvo Company 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.