Jackson Creek Investment Advisors LLC Invests $2.24 Million in Qorvo, Inc. $QRVO

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Qorvo, Inc. (NASDAQ:QRVO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,551 shares of the semiconductor company’s stock, valued at approximately $2,236,000.

A number of other large investors have also added to or reduced their stakes in the stock. Lingohr Asset Management GmbH bought a new position in shares of Qorvo during the 3rd quarter valued at $328,000. Winnow Wealth LLC purchased a new stake in Qorvo during the third quarter valued at $27,000. AlphaQuest LLC lifted its holdings in Qorvo by 7,233.1% in the third quarter. AlphaQuest LLC now owns 8,653 shares of the semiconductor company’s stock valued at $788,000 after acquiring an additional 8,535 shares during the period. Arizona State Retirement System boosted its position in Qorvo by 0.8% in the third quarter. Arizona State Retirement System now owns 26,084 shares of the semiconductor company’s stock worth $2,376,000 after purchasing an additional 210 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Qorvo by 14.9% during the 3rd quarter. New York State Common Retirement Fund now owns 50,183 shares of the semiconductor company’s stock valued at $4,571,000 after purchasing an additional 6,500 shares during the period. Institutional investors own 88.57% of the company’s stock.

Wall Street Analysts Forecast Growth

QRVO has been the topic of a number of research reports. Cfra Research raised shares of Qorvo to a “hold” rating in a report on Tuesday, October 28th. TD Cowen dropped their price target on shares of Qorvo from $95.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Stifel Nicolaus cut their price objective on shares of Qorvo from $88.00 to $85.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. JPMorgan Chase & Co. raised Qorvo from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $92.00 to $105.00 in a report on Tuesday, November 4th. Finally, Mizuho lowered their target price on Qorvo from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $93.56.

Qorvo Price Performance

Shares of Qorvo stock opened at $79.82 on Tuesday. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.36 and a beta of 1.37. The company has a quick ratio of 2.89, a current ratio of 3.67 and a debt-to-equity ratio of 0.42. The stock’s 50-day simple moving average is $84.42 and its 200-day simple moving average is $87.50. Qorvo, Inc. has a 52 week low of $49.46 and a 52 week high of $106.30.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The company had revenue of $993.00 million for the quarter, compared to the consensus estimate of $984.10 million. During the same quarter last year, the company earned $1.61 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, analysts expect that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Qorvo Company Profile

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.