E20 Capital Ltd Acquires New Position in Qorvo, Inc. $QRVO

E20 Capital Ltd acquired a new stake in shares of Qorvo, Inc. (NASDAQ:QRVO) in the first quarter, HoldingsChannel.com reports. The firm acquired 272,959 shares of the semiconductor company’s stock, valued at approximately $21,127,000. Qorvo accounts for approximately 2.0% of E20 Capital Ltd’s portfolio, making the stock its 19th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of Qorvo by 215.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 231 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Qorvo by 952.8% during the fourth quarter. Sound Income Strategies LLC now owns 379 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 343 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Qorvo during the third quarter valued at $36,000. V Square Quantitative Management LLC bought a new stake in Qorvo in the 4th quarter worth about $39,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Qorvo by 60.0% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 180 shares during the period. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Insider Activity

In other Qorvo news, CEO Robert A. Bruggeworth sold 57,957 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $100.40, for a total value of $5,818,882.80. Following the completion of the sale, the chief executive officer owned 319,880 shares in the company, valued at approximately $32,115,952. This represents a 15.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 directly owned 24,429 shares in the company, valued at approximately $2,442,900. This represents a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,966,127 shares of company stock worth $198,911,103. 0.49% of the stock is currently owned by corporate insiders.

Qorvo Trading Up 1.4%

Qorvo stock opened at $90.74 on Friday. The firm has a 50 day moving average of $94.20 and a 200 day moving average of $86.77. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 1.41 and a beta of 1.44. Qorvo, Inc. has a 12-month low of $74.92 and a 12-month high of $109.49. The company has a current ratio of 3.54, a quick ratio of 2.46 and a debt-to-equity ratio of 0.45.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.53. The business had revenue of $784.79 million for the quarter, compared to the consensus estimate of $743.28 million. Qorvo had a net margin of 10.95% and a return on equity of 17.23%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. As a group, research analysts predict that Qorvo, Inc. will post 5.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on QRVO shares. JPMorgan Chase & Co. increased their price objective on shares of Qorvo from $85.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. TD Cowen reaffirmed a “hold” rating on shares of Qorvo in a report on Wednesday. Craig Hallum reissued a “buy” rating and issued a $120.00 target price on shares of Qorvo in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qorvo in a research report on Friday, July 24th. Finally, Citigroup dropped their price target on shares of Qorvo from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Qorvo presently has an average rating of “Hold” and a consensus target price of $94.00.

Qorvo News Roundup

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Strong quarterly results: Qorvo reported adjusted earnings of $1.64 per share, well above the $1.11 consensus estimate, while revenue of $784.8 million also exceeded expectations of $743.3 million. High-Performance Analog growth and cost controls helped strengthen margins despite weaker smartphone-related sales. Qorvo Beats Q1 Earnings Estimates Despite Lower Year-over-Year Revenues
• Positive Sentiment: Potentially attractive earnings valuation: Commentary suggests Qorvo’s earnings multiple remains reasonable, particularly after the quarterly beat and stronger profit margins. The company also raised its longer-term earnings outlook, supporting the bullish case. Qorvo Stock Looks Near Fair Value While Earnings Look Cheap
• Neutral Sentiment: Skyworks merger changes the investment thesis: Investors are increasingly evaluating Qorvo as a merger situation rather than solely as a standalone semiconductor company. The deal could create strategic and cost benefits, but the eventual value depends on closing and integration execution. Qorvo A Great Quarter But You Are Buying a Merger Now
• Neutral Sentiment: Analyst views remain mixed: UBS raised its price target to $96 and maintained Hold, while Citigroup reduced its target to $95 and kept a Neutral rating. Susquehanna also reiterated Hold with an $80 target, citing valuation concerns despite the solid results. UBS Maintains Hold and Raises Qorvo Price Target
• Negative Sentiment: Sales remain under pressure: Revenue declined 4.2% year over year, with smartphone-related weakness limiting the impact of the earnings beat. Investors may also remain cautious because analysts are largely waiting for the Skyworks transaction to close before reassessing the combined company. Skyworks Reports Stable Quarter as Analysts Await Qorvo Deal

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.