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

Jain Global LLC raised its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 71.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 277,219 shares of the semiconductor company’s stock after purchasing an additional 115,640 shares during the quarter. Jain Global LLC owned 0.30% of Qorvo worth $25,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Qorvo during the 2nd quarter worth approximately $25,000. Nisa Investment Advisors LLC purchased a new stake in shares of Qorvo in the third quarter valued at approximately $25,000. Winnow Wealth LLC acquired a new position in Qorvo during the third quarter worth $27,000. Salomon & Ludwin LLC acquired a new position in Qorvo during the third quarter worth $34,000. Finally, True Wealth Design LLC raised its position in Qorvo by 560.3% in the third quarter. True Wealth Design LLC now owns 416 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 353 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

Qorvo Stock Down 0.8%

QRVO opened at $78.12 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.89 and a current ratio of 3.67. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 1.35 and a beta of 1.35. Qorvo, Inc. has a one year low of $49.46 and a one year high of $106.30. The business’s fifty day moving average is $81.49 and its two-hundred day moving average is $86.21.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.24. The business 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 business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $1.61 earnings per share. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Analysts anticipate that Qorvo, Inc. will post 4.09 EPS for the current fiscal year.

Analyst Ratings Changes

QRVO has been the subject of a number of recent analyst reports. Mizuho reduced their target price on Qorvo from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Susquehanna lowered their price target on shares of Qorvo from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Barclays raised their price objective on shares of Qorvo from $90.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Weiss Ratings raised shares of Qorvo from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, January 29th. Finally, Stifel Nicolaus lowered their target price on shares of Qorvo from $88.00 to $85.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently 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.