Comerica Bank Sells 19,197 Shares of Qorvo, Inc. $QRVO

Comerica Bank trimmed its position in Qorvo, Inc. (NASDAQ:QRVO) by 49.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,269 shares of the semiconductor company’s stock after selling 19,197 shares during the period. Comerica Bank’s holdings in Qorvo were worth $1,628,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of QRVO. Marshall Wace LLP lifted its holdings in shares of Qorvo by 16,066.5% in the third quarter. Marshall Wace LLP now owns 814,630 shares of the semiconductor company’s stock valued at $74,197,000 after purchasing an additional 809,591 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Qorvo during the third quarter worth approximately $66,594,000. Dorsal Capital Management LP increased its position in Qorvo by 146.9% during the third quarter. Dorsal Capital Management LP now owns 1,000,000 shares of the semiconductor company’s stock worth $91,080,000 after buying an additional 595,000 shares during the last quarter. Voloridge Investment Management LLC grew its position in shares of Qorvo by 2,502.2% in the third quarter. Voloridge Investment Management LLC now owns 553,596 shares of the semiconductor company’s stock valued at $50,422,000 after purchasing an additional 532,322 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its position in shares of Qorvo by 63.6% in the second quarter. Rafferty Asset Management LLC now owns 1,214,482 shares of the semiconductor company’s stock valued at $103,122,000 after purchasing an additional 472,211 shares during the last quarter. 88.57% of the stock is currently owned by institutional investors.

Qorvo Price Performance

Shares of NASDAQ QRVO opened at $88.97 on Friday. Qorvo, Inc. has a fifty-two week low of $71.64 and a fifty-two week high of $106.30. The firm’s 50-day simple moving average is $81.28 and its 200 day simple moving average is $83.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.89 and a current ratio of 3.24. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 1.40 and a beta of 1.42.

Qorvo (NASDAQ:QRVO) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.21 by $0.48. Qorvo had a net margin of 9.22% and a return on equity of 15.32%. The firm had revenue of $808.30 million for the quarter, compared to analysts’ expectations of $801.31 million. During the same quarter last year, the firm earned $1.42 EPS. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. As a group, research analysts anticipate that Qorvo, Inc. will post 5.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

QRVO has been the topic of several research reports. Craig Hallum reaffirmed a “buy” rating and issued a $120.00 target price on shares of Qorvo in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on Qorvo from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wolfe Research cut Qorvo from an “outperform” rating to a “peer perform” rating in a research note on Friday, April 17th. Zacks Research cut Qorvo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Finally, Morgan Stanley set a $84.00 price objective on Qorvo in a report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $96.63.

Trending Headlines about Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Qorvo reported fiscal Q4 results that beat EPS and revenue expectations, driven by stronger margins, cost control and favorable product mix—this is the primary catalyst for the stock move. Qorvo® Announces Fiscal 2026 Fourth Quarter Financial Results
• Positive Sentiment: JPMorgan raised its price target on QRVO from $85 to $100 (keeping a neutral rating), signaling ~12% upside versus recent levels and reinforcing analyst confidence after the quarter. Qorvo (NASDAQ:QRVO) Given New $100.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Citigroup also raised its price target to $100 while maintaining a neutral rating, aligning with JPMorgan’s upgrade in target level and supporting upside expectations. Benzinga
• Neutral Sentiment: Broader chip?stock action is mixed — sector rallies (led by some peers) coexist with uneven performers; this creates crosscurrents for QRVO that may amplify volatility but not change the company’s fundamentals. Nvidia Shares Are Having a Great Day. It’s Still One of the Year’s Worst in Chip Stocks.
• Negative Sentiment: Despite the beat, revenue fell ~7% year?over?year and management flagged higher inventory levels — risks that could pressure near?term revenue growth and margin durability if end?market demand remains soft. Qorvo Q4 Earnings Surpass Estimates Despite Lower Revenue Growth

Qorvo 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.