Qorvo, Inc. $QRVO Shares Purchased by Lido Advisors LLC

Lido Advisors LLC increased its holdings in shares of Qorvo, Inc. (NASDAQ:QRVO) by 147.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,935 shares of the semiconductor company’s stock after buying an additional 7,119 shares during the quarter. Lido Advisors LLC’s holdings in Qorvo were worth $924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in QRVO. Cetera Investment Advisers increased its stake in shares of Qorvo by 16.0% during the 1st quarter. Cetera Investment Advisers now owns 8,921 shares of the semiconductor company’s stock valued at $690,000 after acquiring an additional 1,228 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Qorvo by 16.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,181,479 shares of the semiconductor company’s stock worth $168,842,000 after acquiring an additional 311,645 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Qorvo by 29.6% in the first quarter. Parallel Advisors LLC now owns 1,230 shares of the semiconductor company’s stock worth $95,000 after acquiring an additional 281 shares during the last quarter. California Public Employees Retirement System grew its holdings in Qorvo by 3.6% in the first quarter. California Public Employees Retirement System now owns 165,667 shares of the semiconductor company’s stock valued at $12,823,000 after purchasing an additional 5,716 shares during the period. Finally, Kera Capital Partners Inc. grew its holdings in Qorvo by 13.6% in the first quarter. Kera Capital Partners Inc. now owns 5,400 shares of the semiconductor company’s stock valued at $418,000 after purchasing an additional 645 shares during the period. 88.57% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Quarterly results exceeded expectations. Qorvo reported fiscal first-quarter adjusted earnings of $1.64 per share, up from $0.92 a year earlier and well above the $1.11 consensus estimate. Revenue of approximately $784.8 million also surpassed analyst expectations of roughly $743 million. Qorvo Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and cash generation improved. Reported gross profit rose to $401 million, operating profit reached $96.8 million and net income attributable to common shareholders increased to $85.8 million. Qorvo generated $139.5 million in operating cash flow and ended the quarter with $1.3 billion in cash. Qorvo Fiscal Q1 2027 Earnings
• Positive Sentiment: Full-year guidance was raised relative to expectations. Qorvo provided fiscal 2027 earnings guidance of $7.00 per share, above the analyst consensus of $6.69, reinforcing the view that cost controls and product mix may support earnings even with softer year-over-year revenue. Qorvo Earnings Press Release
• Positive Sentiment: Merger preparations advanced. Qorvo and Skyworks unveiled a leadership team for their planned merger, while Skyworks said regulatory approvals are progressing and outlined acquisition financing plans. The combination could create longer-term scale and cost synergies, although it remains subject to closing conditions. Skyworks and Qorvo Merger Leadership Announcement
• Neutral Sentiment: Revenue remains below the prior-year level. Fiscal first-quarter revenue declined approximately 4.1% year over year, indicating that the earnings improvement was driven largely by profitability gains rather than broad-based sales growth.
• Negative Sentiment: Insider selling is a potential overhang. Data cited in the coverage showed 11 insider sales and no insider purchases during the past six months, including sizable sales by former and current executives. Such activity may raise caution among investors, although it does not necessarily reflect the company’s operating outlook.

Insider Buying and Selling

In other news, Director Peter A. Feld sold 1,900,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $101.20, for a total value of $192,280,000.00. Following the completion of the sale, the director owned 5,611,526 shares in the company, valued at approximately $567,886,431.20. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gina Harrison sold 4,714 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $100.00, for a total value of $471,400.00. Following the sale, the vice president owned 24,429 shares in the company, valued at approximately $2,442,900. The trade was a 16.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,966,127 shares of company stock worth $198,911,103 over the last three months. 0.49% of the stock is currently owned by corporate insiders.

Qorvo Stock Performance

NASDAQ:QRVO opened at $91.76 on Wednesday. The firm’s fifty day simple moving average is $94.52 and its 200 day simple moving average is $86.66. The company has a current ratio of 3.24, a quick ratio of 2.46 and a debt-to-equity ratio of 0.46. Qorvo, Inc. has a twelve month low of $74.92 and a twelve month high of $109.49. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.41 and a beta of 1.44.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.53. Qorvo had a return on equity of 15.32% and a net margin of 9.22%.The firm had revenue of $784.79 million during the quarter, compared to the consensus estimate of $743.28 million. During the same period in the prior year, the firm earned $0.92 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. As a group, equities research analysts expect that Qorvo, Inc. will post 5.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

QRVO has been the topic of a number of recent analyst reports. Wolfe Research downgraded shares of Qorvo from an “outperform” rating to a “peer perform” rating in a research note on Friday, April 17th. Weiss Ratings restated a “hold (c)” rating on shares of Qorvo in a report on Friday. Citigroup increased their target price on Qorvo from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Craig Hallum reiterated a “buy” rating and issued a $120.00 target price on shares of Qorvo in a report on Wednesday, May 6th. Finally, Wall Street Zen downgraded Qorvo from a “buy” rating to a “hold” rating in a research report on Saturday. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $97.07.

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.