FNY Investment Advisers LLC Has $124,000 Stock Holdings in Qorvo, Inc. $QRVO

FNY Investment Advisers LLC raised its stake in Qorvo, Inc. (NASDAQ:QRVO) by 980.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,470 shares of the semiconductor company’s stock after acquiring an additional 1,334 shares during the period. FNY Investment Advisers LLC’s holdings in Qorvo were worth $124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale raised its holdings in Qorvo by 5.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 10,377 shares of the semiconductor company’s stock valued at $872,000 after acquiring an additional 541 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Qorvo by 7.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,808 shares of the semiconductor company’s stock worth $426,000 after buying an additional 342 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Qorvo during the 2nd quarter worth $1,953,000. Allianz Asset Management GmbH lifted its position in shares of Qorvo by 32.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 522,118 shares of the semiconductor company’s stock worth $44,333,000 after buying an additional 128,162 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in shares of Qorvo during the 2nd quarter worth $154,000. 88.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Qorvo

In related 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 sale, the senior vice president directly owned 54,558 shares in the company, valued at $5,183,010. This represents a 19.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on QRVO shares. Wall Street Zen upgraded Qorvo from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Piper Sandler upped their price objective on Qorvo from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Susquehanna restated a “neutral” rating and set a $95.00 price objective (up from $90.00) on shares of Qorvo in a research report on Wednesday, July 30th. Craig Hallum restated a “buy” rating on shares of Qorvo in a research report on Wednesday, July 30th. Finally, Mizuho cut Qorvo from a “neutral” rating to an “underperform” rating and set a $75.00 target price for the company. in a report on Monday. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $94.82.

Qorvo Price Performance

Shares of QRVO opened at $90.67 on Thursday. Qorvo, Inc. has a 12-month low of $49.46 and a 12-month high of $101.76. The business has a 50-day simple moving average of $90.73 and a two-hundred day simple moving average of $81.78. 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 stock has a market cap of $8.40 billion, a PE ratio of 106.67, a PEG ratio of 1.82 and a beta of 1.42.

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 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 business had revenue of $818.80 million during the quarter, compared to analysts’ expectations of $775.61 million. During the same quarter in the prior year, the firm earned $0.87 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Analysts anticipate that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Qorvo 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.