Qorvo, Inc. $QRVO Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its stake in Qorvo, Inc. (NASDAQ:QRVO) by 12.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,579 shares of the semiconductor company’s stock after selling 1,613 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Qorvo were worth $983,000 at the end of the most recent quarter.

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

Insider Transactions at Qorvo

In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president owned 54,558 shares of the company’s stock, valued at $5,183,010. The trade was a 19.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barclays lifted their price target on Qorvo from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Qorvo in a report on Wednesday, October 8th. Loop Capital lifted their price target on Qorvo from $75.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, July 30th. Craig Hallum reiterated a “buy” rating on shares of Qorvo in a report on Wednesday, July 30th. Finally, Susquehanna reiterated a “neutral” rating and set a $95.00 price target (up previously from $90.00) on shares of Qorvo in a report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Qorvo currently has a consensus rating of “Hold” and an average target price of $95.35.

Qorvo Price Performance

QRVO opened at $92.13 on Monday. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 108.39, a PEG ratio of 1.80 and a beta of 1.42. Qorvo, Inc. has a 1 year low of $49.46 and a 1 year high of $105.39. The company has a current ratio of 2.81, a quick ratio of 2.01 and a debt-to-equity ratio of 0.45. The stock has a fifty day moving average price of $90.52 and a 200 day moving average price of $81.38.

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

Qorvo Company Profile

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.