Qorvo, Inc. $QRVO Shares Acquired by Jain Global LLC

Jain Global LLC lifted its holdings in shares of Qorvo, Inc. (NASDAQ:QRVO) by 71.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,219 shares of the semiconductor company’s stock after purchasing an additional 115,640 shares during the period. Jain Global LLC’s holdings in Qorvo were worth $25,249,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its position 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 in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Qorvo by 9.2% in the second quarter. Envestnet Asset Management Inc. now owns 22,028 shares of the semiconductor company’s stock valued at $1,870,000 after acquiring an additional 1,851 shares in the last quarter. Savant Capital LLC acquired a new stake in shares of Qorvo during the second quarter valued at $313,000. Los Angeles Capital Management LLC purchased a new stake in Qorvo during the 2nd quarter worth about $427,000. Finally, Allworth Financial LP increased its position in Qorvo by 17.1% during the 2nd quarter. Allworth Financial LP now owns 3,145 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Qorvo Stock Performance

NASDAQ QRVO opened at $78.12 on Monday. The business’s 50-day moving average price is $81.49 and its 200 day moving average price is $86.21. The company has a current ratio of 3.67, a quick ratio of 2.89 and a debt-to-equity ratio of 0.42. Qorvo, Inc. has a twelve month low of $49.46 and a twelve month high of $106.30. The company has a market capitalization of $7.24 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 1.35 and a beta of 1.35.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.93 by $0.24. The company had revenue of $993.00 million during 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%.The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.61 EPS. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, research analysts predict that Qorvo, Inc. will post 4.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

QRVO has been the subject of several analyst reports. Piper Sandler reissued a “neutral” rating on shares of Qorvo in a research note on Wednesday, January 28th. Morgan Stanley set a $84.00 price target on shares of Qorvo in a research note on Wednesday, January 28th. Citigroup lowered their price target on shares of Qorvo from $105.00 to $90.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. UBS Group reduced their price objective 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, Weiss Ratings upgraded shares of Qorvo from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating and eighteen have given a Hold rating to the stock. According to data from MarketBeat, Qorvo presently has an average rating of “Hold” and a consensus target price of $93.88.

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.