F&V Capital Management LLC Purchases 5,975 Shares of Qorvo, Inc. $QRVO

F&V Capital Management LLC increased its holdings in shares of Qorvo, Inc. (NASDAQ:QRVO) by 3.9% in the second quarter, HoldingsChannel reports. The firm owned 160,315 shares of the semiconductor company’s stock after buying an additional 5,975 shares during the period. Qorvo makes up 2.8% of F&V Capital Management LLC’s portfolio, making the stock its 17th largest position. F&V Capital Management LLC’s holdings in Qorvo were worth $14,953,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fred Alger Management LLC raised its stake in Qorvo by 5.3% in the third quarter. Fred Alger Management LLC now owns 3,179 shares of the semiconductor company’s stock valued at $290,000 after buying an additional 160 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Qorvo by 4.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 3,955 shares of the semiconductor company’s stock worth $306,000 after acquiring an additional 167 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in Qorvo by 60.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 180 shares during the period. Larson Financial Group LLC grew its stake in shares of Qorvo by 14.6% in the fourth quarter. Larson Financial Group LLC now owns 1,483 shares of the semiconductor company’s stock valued at $125,000 after acquiring an additional 189 shares in the last quarter. Finally, Lido Advisors LLC grew its position in shares of Qorvo by 4.1% during the 4th quarter. Lido Advisors LLC now owns 4,816 shares of the semiconductor company’s stock worth $431,000 after purchasing an additional 191 shares in the last quarter. Institutional investors own 88.57% of the company’s stock.

Insider Transactions at Qorvo

In related news, SVP Philip Chesley sold 5,487 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $97.50, for a total transaction of $534,982.50. Following the completion of the transaction, the senior vice president directly owned 44,021 shares of the company’s stock, valued at $4,292,047.50. This trade represents a 11.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Grant Brown sold 5,179 shares of Qorvo stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $97.50, for a total value of $504,952.50. Following the transaction, the chief financial officer directly owned 49,268 shares in the company, valued at $4,803,630. The trade was a 9.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,910,666 shares of company stock worth $193,319,935. Company insiders own 0.49% of the company’s stock.

Qorvo Stock Performance

Shares of QRVO stock opened at $94.73 on Monday. The stock’s fifty day simple moving average is $91.92 and its 200 day simple moving average is $88.98. 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 $8.36 billion, a P/E ratio of 21.98 and a beta of 1.44. The company has a quick ratio of 2.68, a current ratio of 3.54 and a debt-to-equity ratio of 0.45.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.53. The company had revenue of $784.79 million for the quarter, compared to analysts’ expectations of $743.28 million. Qorvo had a return on equity of 17.23% and a net margin of 10.95%.The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. As a group, sell-side analysts predict that Qorvo, Inc. will post 6.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. TD Cowen reaffirmed a “hold” rating on shares of Qorvo in a research report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price target on shares of Qorvo from $85.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. UBS Group lifted their price objective on shares of Qorvo from $91.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded Qorvo from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qorvo in a research report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $94.00.

About Qorvo

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.