DekaBank Deutsche Girozentrale Has $872,000 Stock Holdings in Qorvo, Inc. $QRVO

DekaBank Deutsche Girozentrale increased its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 5.5% in the second quarter, Holdings Channel.com reports. The firm owned 10,377 shares of the semiconductor company’s stock after buying an additional 541 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Qorvo were worth $872,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in Qorvo by 10.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,561 shares of the semiconductor company’s stock worth $547,000 after purchasing an additional 717 shares in the last quarter. Voya Investment Management LLC grew its holdings in Qorvo by 19.0% during the 1st quarter. Voya Investment Management LLC now owns 18,725 shares of the semiconductor company’s stock worth $1,356,000 after acquiring an additional 2,990 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Qorvo during the 1st quarter worth approximately $963,000. Allspring Global Investments Holdings LLC grew its holdings in Qorvo by 36.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,576 shares of the semiconductor company’s stock worth $2,786,000 after acquiring an additional 10,209 shares during the last quarter. Finally, F&V Capital Management LLC grew its holdings in Qorvo by 69.0% during the 2nd quarter. F&V Capital Management LLC now owns 157,062 shares of the semiconductor company’s stock worth $13,336,000 after acquiring an additional 64,114 shares during the last quarter. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Benchmark boosted their target price on shares of Qorvo from $95.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Qorvo in a report on Saturday. Stifel Nicolaus set a $88.00 target price on shares of Qorvo and gave the stock a “hold” rating in a report on Wednesday, July 30th. TD Cowen boosted their target price on shares of Qorvo from $80.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Finally, Piper Sandler boosted their target price on shares of Qorvo from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $94.82.

Insider Transactions at Qorvo

In related news, SVP Paul J. Fego sold 13,612 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the transaction, the senior vice president directly owned 54,558 shares of the company’s stock, valued at $5,183,010. This represents a 19.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Qorvo Trading Down 1.5%

NASDAQ:QRVO opened at $90.71 on Monday. The firm’s fifty day moving average is $90.78 and its 200-day moving average is $82.66. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.81. Qorvo, Inc. has a 52 week low of $49.46 and a 52 week high of $101.11. The firm has a market cap of $8.40 billion, a P/E ratio of 106.72, a P/E/G ratio of 1.77 and a beta of 1.42.

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. Equities analysts expect that Qorvo, Inc. will post 4.09 earnings per share for the current year.

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.