Talos Eurisko Asset Management LP Has $14.73 Million Holdings in Qorvo, Inc. $QRVO

Talos Eurisko Asset Management LP decreased its position in Qorvo, Inc. (NASDAQ:QRVO) by 18.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 161,700 shares of the semiconductor company’s stock after selling 36,200 shares during the period. Qorvo makes up approximately 2.8% of Talos Eurisko Asset Management LP’s holdings, making the stock its 14th biggest position. Talos Eurisko Asset Management LP’s holdings in Qorvo were worth $14,728,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC bought a new position in shares of Qorvo in the 3rd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Qorvo during the second quarter worth approximately $25,000. Winnow Wealth LLC acquired a new stake in Qorvo during the third quarter worth approximately $27,000. Salomon & Ludwin LLC bought a new stake in Qorvo in the third quarter worth approximately $34,000. Finally, True Wealth Design LLC lifted its stake in Qorvo by 560.3% in the third quarter. True Wealth Design LLC now owns 416 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 353 shares during the period. Institutional investors own 88.57% of the company’s stock.

Qorvo Stock Performance

Shares of QRVO opened at $79.46 on Thursday. The firm has a market capitalization of $7.37 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.41 and a beta of 1.35. Qorvo, Inc. has a 52 week low of $49.46 and a 52 week high of $106.30. The stock has a 50 day moving average price of $82.46 and a two-hundred day moving average price of $86.85. 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 (NASDAQ:QRVO) last announced its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.24. The company had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $984.10 million. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.Qorvo’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 earnings per share. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities analysts forecast that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Craig Hallum reduced their price objective on shares of Qorvo from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. UBS Group reduced their price target on shares of Qorvo from $108.00 to $87.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. Citigroup decreased their price target on shares of Qorvo from $105.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Benchmark reissued a “hold” rating on shares of Qorvo in a research report on Wednesday, January 28th. Finally, Morgan Stanley set a $84.00 target price on Qorvo in a research report 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, the company has an average rating of “Hold” and an average price target of $93.88.

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.