Virtu Financial LLC Invests $1.59 Million in Qorvo, Inc. $QRVO

Virtu Financial LLC acquired a new position in shares of Qorvo, Inc. (NASDAQ:QRVO) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 18,876 shares of the semiconductor company’s stock, valued at approximately $1,595,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Stance Capital LLC purchased a new stake in Qorvo in the third quarter valued at approximately $27,000. Smartleaf Asset Management LLC lifted its stake in Qorvo by 215.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 231 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Qorvo by 952.8% during the fourth quarter. Sound Income Strategies LLC now owns 379 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 343 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Qorvo during the third quarter worth $36,000. Finally, Clearstead Advisors LLC boosted its position in shares of Qorvo by 93.3% during the third quarter. Clearstead Advisors LLC now owns 431 shares of the semiconductor company’s stock worth $39,000 after buying an additional 208 shares during the period. Institutional investors and hedge funds own 88.57% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on QRVO shares. Citigroup boosted their price objective on Qorvo from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research lowered shares of Qorvo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Mizuho reissued an “underperform” rating and set a $66.00 price target (down from $70.00) on shares of Qorvo in a research report on Monday, April 20th. Barclays raised shares of Qorvo from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $95.00 to $100.00 in a research report on Wednesday, April 22nd. Finally, Craig Hallum restated a “buy” rating and issued a $120.00 price objective on shares of Qorvo in a report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $96.62.

Insider Activity

In related news, VP Gina Harrison sold 4,714 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $100.00, for a total value of $471,400.00. Following the sale, the vice president owned 24,429 shares of the company’s stock, valued at $2,442,900. This trade represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul J. Fego sold 2,500 shares of Qorvo stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the transaction, the senior vice president owned 71,038 shares of the company’s stock, valued at $7,103,800. This represents a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,966,127 shares of company stock valued at $198,911,103 over the last three months. 0.41% of the stock is currently owned by corporate insiders.

Qorvo Price Performance

Shares of NASDAQ QRVO opened at $98.42 on Friday. The stock’s 50-day moving average is $93.40 and its two-hundred day moving average is $86.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.24 and a quick ratio of 2.46. Qorvo, Inc. has a 1-year low of $74.92 and a 1-year high of $109.49. The company has a market cap of $8.66 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.53 and a beta of 1.43.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.48. The business had revenue of $808.28 million during the quarter, compared to analysts’ expectations of $801.31 million. Qorvo had a return on equity of 15.32% and a net margin of 9.22%.The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.42 EPS. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. Analysts forecast that Qorvo, Inc. will post 5.88 EPS for the current fiscal year.

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.