Total Clarity Wealth Management Inc. Acquires Shares of 2,577 Qorvo, Inc. $QRVO

Total Clarity Wealth Management Inc. acquired a new stake in shares of Qorvo, Inc. (NASDAQ:QRVO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,577 shares of the semiconductor company’s stock, valued at approximately $219,000.

Several other institutional investors have also added to or reduced their stakes in QRVO. GAMMA Investing LLC lifted its holdings in Qorvo by 99.1% during the first quarter. GAMMA Investing LLC now owns 3,665 shares of the semiconductor company’s stock valued at $265,000 after purchasing an additional 1,824 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Qorvo by 240.5% during the first quarter. SG Americas Securities LLC now owns 9,780 shares of the semiconductor company’s stock valued at $708,000 after buying an additional 6,908 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Qorvo by 10.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,561 shares of the semiconductor company’s stock valued at $547,000 after buying an additional 717 shares during the period. Clarius Group LLC bought a new stake in shares of Qorvo during the first quarter valued at about $240,000. Finally, United Advisor Group LLC bought a new stake in shares of Qorvo during the first quarter valued at about $351,000. 88.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QRVO has been the topic of several analyst reports. Susquehanna reiterated a “neutral” rating and set a $95.00 price target (up from $90.00) on shares of Qorvo in a research report on Wednesday, July 30th. Benchmark upped their price target on Qorvo from $95.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Qorvo in a research report on Wednesday, October 8th. Barclays upped their price target on Qorvo from $70.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Finally, Needham & Company LLC upped their price target on Qorvo from $90.00 to $104.00 and gave the company a “buy” rating in a research report 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’s stock. According to MarketBeat.com, Qorvo has an average rating of “Hold” and an average price target of $95.35.

Qorvo Stock Down 0.1%

QRVO stock opened at $87.87 on Wednesday. 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 company’s 50 day moving average is $90.24 and its 200 day moving average is $80.85. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 103.38, a price-to-earnings-growth ratio of 1.72 and a beta of 1.42. Qorvo, Inc. has a 1-year low of $49.46 and a 1-year high of $107.33.

Qorvo (NASDAQ:QRVO) last issued its 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. The business had revenue of $818.80 million during the quarter, compared to analyst estimates of $775.61 million. Qorvo had a return on equity of 12.63% and a net margin of 2.21%.Qorvo’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Sell-side analysts predict that Qorvo, Inc. will post 4.09 EPS for the current fiscal year.

Insider Transactions at Qorvo

In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 54,558 shares of the company’s stock, valued at $5,183,010. This represents 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 through the SEC website. 0.41% of the stock is currently 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.