Stephens Inc. AR Has $569,000 Position in Qorvo, Inc. $QRVO

Stephens Inc. AR cut its position in Qorvo, Inc. (NASDAQ:QRVO) by 4.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,703 shares of the semiconductor company’s stock after selling 278 shares during the quarter. Stephens Inc. AR’s holdings in Qorvo were worth $569,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC raised its position in shares of Qorvo by 7.7% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,808 shares of the semiconductor company’s stock valued at $426,000 after buying an additional 342 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Qorvo in the 2nd quarter valued at approximately $1,953,000. Allianz Asset Management GmbH grew its holdings 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 valued at $44,333,000 after purchasing an additional 128,162 shares during the last quarter. Bayforest Capital Ltd acquired a new position in Qorvo during the 2nd quarter worth approximately $154,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in Qorvo during the 2nd quarter worth approximately $219,000. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Qorvo Trading Down 1.5%

QRVO opened at $90.71 on Friday. Qorvo, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $101.11. 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 price-to-earnings ratio of 106.72, a PEG ratio of 1.77 and a beta of 1.42. The company’s 50 day moving average price is $90.78 and its two-hundred day moving average price is $82.52.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings data on Tuesday, July 29th. The semiconductor company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.30. Qorvo had a net margin of 2.21% and a return on equity of 12.63%. The company had revenue of $818.80 million for the quarter, compared to analyst estimates of $775.61 million. During the same period in the prior year, the firm posted $0.87 EPS. The company’s quarterly revenue 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, research analysts predict that Qorvo, Inc. will post 4.09 earnings per share for the current year.

Insider Activity at Qorvo

In other news, SVP Paul J. Fego sold 13,612 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were 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 of the company’s stock, valued at approximately $5,183,010. This represents a 19.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

QRVO has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Qorvo from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 30th. Benchmark upped their price objective on shares of Qorvo from $95.00 to $125.00 and gave the stock 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 Saturday. Mizuho cut shares of Qorvo from a “neutral” rating to an “underperform” rating and set a $75.00 price objective for the company. in a research report on Monday, October 20th. Finally, Wall Street Zen raised shares of Qorvo from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Qorvo currently has an average rating of “Hold” and a consensus target price of $94.82.

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.