Callan Family Office LLC Purchases New Shares in Qorvo, Inc. $QRVO

Callan Family Office LLC purchased a new stake in shares of Qorvo, Inc. (NASDAQ:QRVO) in the second quarter, Holdings Channel.com reports. The fund purchased 8,193 shares of the semiconductor company’s stock, valued at approximately $696,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Transatlantique SA acquired a new stake in Qorvo during the 1st quarter valued at $27,000. Larson Financial Group LLC increased its holdings in Qorvo by 222.6% during the 1st quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 296 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Qorvo during the 1st quarter valued at $34,000. MassMutual Private Wealth & Trust FSB increased its holdings in Qorvo by 166.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 303 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Qorvo during the 2nd quarter valued at $43,000. 88.57% of the stock is owned by institutional investors and hedge funds.

Qorvo Stock Up 5.6%

NASDAQ:QRVO opened at $87.92 on Tuesday. Qorvo, Inc. has a 12-month low of $49.46 and a 12-month high of $107.33. The company has a quick ratio of 2.01, a current ratio of 2.81 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $8.15 billion, a P/E ratio of 103.44, a P/E/G ratio of 1.62 and a beta of 1.42. The stock’s fifty day simple moving average is $90.18 and its 200-day simple moving average is $80.80.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.30. Qorvo had a return on equity of 12.63% and a net margin of 2.21%.The business had revenue of $818.80 million for the quarter, compared to analyst estimates of $775.61 million. During the same period last year, the company earned $0.87 EPS. The firm’s revenue was down 7.7% on a year-over-year basis. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Equities research analysts expect that Qorvo, Inc. will post 4.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on QRVO. Stifel Nicolaus set a $88.00 target price on Qorvo and gave the company a “hold” rating in a research note on Wednesday, July 30th. Piper Sandler lifted their target price on Qorvo from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Barclays lifted their target price on Qorvo from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Loop Capital lifted their target price on Qorvo from $75.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, July 30th. Finally, Craig Hallum reissued a “buy” rating on shares of Qorvo in a research note on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $95.35.

Insider Activity

In other news, SVP Paul J. Fego sold 13,612 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $95.00, for a total value of $1,293,140.00. Following the transaction, the senior vice president directly owned 54,558 shares in the company, valued at $5,183,010. This trade represents a 19.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by corporate insiders.

About Qorvo

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.