Chicago Partners Investment Group LLC Raises Position in Qorvo, Inc. $QRVO

Chicago Partners Investment Group LLC raised its stake in Qorvo, Inc. (NASDAQ:QRVO) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,808 shares of the semiconductor company’s stock after purchasing an additional 342 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Qorvo were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of QRVO. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Qorvo during the second quarter valued at approximately $1,953,000. Allianz Asset Management GmbH increased its position in shares of Qorvo by 32.5% during the second quarter. Allianz Asset Management GmbH now owns 522,118 shares of the semiconductor company’s stock valued at $44,333,000 after acquiring an additional 128,162 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Qorvo during the second quarter valued at approximately $154,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of Qorvo during the second quarter valued at approximately $219,000. Finally, Yousif Capital Management LLC increased its position in shares of Qorvo by 1.0% during the second quarter. Yousif Capital Management LLC now owns 37,448 shares of the semiconductor company’s stock valued at $3,180,000 after acquiring an additional 366 shares during the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Qorvo

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 completion of the transaction, the senior vice president directly owned 54,558 shares of the company’s stock, valued at $5,183,010. This trade represents a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by insiders.

Qorvo Price Performance

Qorvo stock opened at $90.67 on Thursday. Qorvo, Inc. has a one year low of $49.46 and a one year high of $101.76. The business has a fifty day moving average price of $90.73 and a 200-day moving average price of $81.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.81 and a quick ratio of 2.01. The firm has a market capitalization of $8.40 billion, a P/E ratio of 106.67, a PEG ratio of 1.82 and a beta of 1.42.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays increased 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. Wall Street Zen raised Qorvo from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Citigroup reissued a “sell” rating on shares of Qorvo in a report on Wednesday, September 10th. Mizuho lowered Qorvo from a “neutral” rating to an “underperform” rating and set a $75.00 price objective for the company. in a report on Monday. Finally, Loop Capital increased their price objective on Qorvo from $75.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $94.82.

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.