Jump Financial LLC Cuts Holdings in Qorvo, Inc. $QRVO

Jump Financial LLC lessened its stake in Qorvo, Inc. (NASDAQ:QRVO) by 66.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 41,767 shares of the semiconductor company’s stock after selling 84,608 shares during the quarter. Jump Financial LLC’s holdings in Qorvo were worth $3,024,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in QRVO. Signaturefd LLC raised its holdings in Qorvo by 34.6% in the first quarter. Signaturefd LLC now owns 662 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 170 shares in the last quarter. Brooklyn Investment Group grew its holdings in Qorvo by 33.1% during the 1st quarter. Brooklyn Investment Group now owns 1,170 shares of the semiconductor company’s stock worth $85,000 after acquiring an additional 291 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Qorvo by 222.6% in the 1st quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 296 shares during the last quarter. City Holding Co. acquired a new stake in shares of Qorvo in the 1st quarter valued at $25,000. Finally, Curat Global LLC purchased a new stake in shares of Qorvo during the 1st quarter worth $34,000. 88.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QRVO. Needham & Company LLC increased their target price on Qorvo from $90.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Citigroup reaffirmed a “sell” rating on shares of Qorvo in a research report on Tuesday, June 10th. Craig Hallum reissued a “buy” rating on shares of Qorvo in a research report on Wednesday, July 30th. Wall Street Zen upgraded Qorvo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Finally, TD Cowen increased their price target on shares of Qorvo from $80.00 to $95.00 and gave the company a “hold” rating in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Qorvo presently has an average rating of “Hold” and a consensus price target of $95.35.

Qorvo Trading Up 0.3%

NASDAQ:QRVO opened at $92.37 on Wednesday. The stock’s 50 day moving average price is $86.68 and its 200 day moving average price is $76.76. The company has a market capitalization of $8.56 billion, a PE ratio of 108.67, a P/E/G ratio of 1.80 and a beta of 1.35. The company has a quick ratio of 2.01, a current ratio of 2.81 and a debt-to-equity ratio of 0.45. Qorvo, Inc. has a 52-week low of $49.46 and a 52-week high of $117.90.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings data on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.30. The company had revenue of $818.80 million during the quarter, compared to analysts’ expectations of $775.61 million. Qorvo had a return on equity of 12.63% and a net margin of 2.21%.The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 earnings per share. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. On average, research analysts anticipate that Qorvo, Inc. will post 4.09 EPS for the current year.

About Qorvo

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.