Mirae Asset Global Investments Co. Ltd. Trims Stock Position in Qorvo, Inc. $QRVO

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 25.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,999 shares of the semiconductor company’s stock after selling 35,159 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Qorvo were worth $9,563,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Qorvo in the 2nd quarter valued at about $153,994,000. LSV Asset Management grew its position in shares of Qorvo by 118.0% during the second quarter. LSV Asset Management now owns 1,382,970 shares of the semiconductor company’s stock worth $117,428,000 after acquiring an additional 748,589 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Qorvo by 63.6% in the 2nd quarter. Rafferty Asset Management LLC now owns 1,214,482 shares of the semiconductor company’s stock valued at $103,122,000 after acquiring an additional 472,211 shares during the period. Dorsal Capital Management LP acquired a new position in shares of Qorvo in the 2nd quarter valued at $34,389,000. Finally, Bank of America Corp DE raised its position in Qorvo by 20.2% in the 2nd quarter. Bank of America Corp DE now owns 1,518,964 shares of the semiconductor company’s stock valued at $128,975,000 after purchasing an additional 255,068 shares during the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

Qorvo Price Performance

Shares of QRVO opened at $78.11 on Friday. The company has a current ratio of 3.67, a quick ratio of 2.20 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $84.49 and its two-hundred day moving average is $87.57. Qorvo, Inc. has a twelve month low of $49.46 and a twelve month high of $106.30. The firm has a market capitalization of $7.24 billion, a PE ratio of 21.52, a P/E/G ratio of 1.46 and a beta of 1.36.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $984.10 million. During the same period in the prior year, the business posted $1.61 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Research analysts anticipate that Qorvo, Inc. will post 4.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on QRVO. Weiss Ratings raised shares of Qorvo from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday. UBS Group decreased their target price on shares of Qorvo from $108.00 to $87.00 and set a “neutral” rating for the company in a research note on Tuesday, January 20th. Susquehanna dropped their price target on Qorvo from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Argus raised Qorvo to a “hold” rating in a research report on Wednesday, November 5th. Finally, TD Cowen dropped their target price on Qorvo from $95.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $93.56.

Trending Headlines about Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Seeking Alpha highlights a bullish view — rates QRVO a strong buy based on long-term growth, expected merger synergies, cost restructuring and management’s margin/EPS targets (FY’27 margin and EPS improvement). Qorvo: Business Transitions Can Be Tough (Seeking Alpha)
• Positive Sentiment: TipRanks summary of Qorvo’s earnings call notes profits rising as revenue resets and management prioritizing margins — this supports the view that near-term earnings quality is improving after the quarterly beat. Qorvo Earnings Call: Profits Rise as Revenue Resets (TipRanks)
• Neutral Sentiment: TipRanks reports Qorvo issued supplemental disclosures amid merger litigation — provides additional transparency but does not remove deal execution risk. Qorvo Issues Supplemental Disclosures Amid Merger Litigation (TipRanks)
• Neutral Sentiment: Seeking Alpha also notes Qorvo could offer value but warns that achieving stable, profitable growth remains a work in progress — a balanced reminder of execution risk vs. upside. Qorvo Should Offer Value… (Seeking Alpha)
• Negative Sentiment: Multiple sell‑side firms cut expectations and price targets (Citigroup, TD Cowen, Stifel, Piper Sandler, Mizuho, Craig Hallum), increasing near-term downside pressure by signaling weaker demand or execution risk. Example: Stifel trimmed its PT to $85. Stifel Nicolaus Lowers Qorvo Price Target to $85.00
• Negative Sentiment: Piper Sandler lowered its price target to $90, signaling reduced optimism from the Street on near‑term upside. Piper Sandler Lowers Qorvo Price Target to $90.00
• Negative Sentiment: Other recent analyst notes from Citigroup, TD Cowen, Mizuho and Craig Hallum also lower expectations, contributing to selling pressure as investors reprice growth and deal risk. Citigroup Issues Pessimistic Forecast for Qorvo
• Negative Sentiment: TipRanks flags new merger risk: the Qorvo–Skyworks deal faces high regulatory hurdles, break‑up fee and execution risks that could create pronounced share‑price volatility if the transaction is delayed or altered. Qorvo–Skyworks Merger Faces High Regulatory Hurdles (TipRanks)
• Negative Sentiment: Benzinga and other commentary argue Qorvo’s long‑term outlook remains unconvincing absent clearer execution on margins and the merger, reinforcing cautious sentiment. Qorvo Stock: Long-Term Outlook Remains Unconvincing (Benzinga)

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.