Qorvo, Inc. $QRVO Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 4.5% during the second quarter, Holdings Channel reports. The fund owned 140,158 shares of the semiconductor company’s stock after buying an additional 5,989 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Qorvo were worth $11,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. City Holding Co. acquired a new stake in shares of Qorvo in the first quarter worth $25,000. Banque Transatlantique SA acquired a new stake in Qorvo during the first quarter valued at $27,000. Larson Financial Group LLC grew its position in Qorvo by 222.6% during the first quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 296 shares during the period. Curat Global LLC acquired a new stake in Qorvo during the first quarter valued at $34,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Qorvo during the first quarter valued at $34,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

Qorvo Price Performance

Qorvo stock opened at $93.48 on Friday. The company’s 50 day simple moving average is $89.65 and its 200-day simple moving average is $80.09. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 109.98, a price-to-earnings-growth ratio of 1.82 and a beta of 1.42. Qorvo, Inc. has a 1 year low of $49.46 and a 1 year high of $107.33. 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 (NASDAQ:QRVO) last released its quarterly earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.30. The business had revenue of $818.80 million for the quarter, compared to the consensus estimate of $775.61 million. Qorvo had a net margin of 2.21% and a return on equity of 12.63%. The business’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. As a group, equities research analysts expect that Qorvo, Inc. will post 4.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group set a $100.00 price target on shares of Qorvo and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Weiss Ratings restated a “sell (d+)” rating on shares of Qorvo in a research report on Saturday, September 27th. Loop Capital raised their price target on shares of Qorvo from $75.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, July 30th. Citigroup restated a “sell” rating on shares of Qorvo in a research report on Wednesday, September 10th. Finally, The Goldman Sachs Group initiated coverage on shares of Qorvo in a research report on Thursday, July 10th. They set a “neutral” rating and a $90.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $95.35.

Insider Buying and Selling at Qorvo

In related news, SVP Paul J. Fego sold 13,612 shares of Qorvo stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total value of $1,293,140.00. Following the completion of the transaction, the senior vice president owned 54,558 shares in the company, valued at approximately $5,183,010. The trade was a 19.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

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.