Senvest Management LLC Invests $13.76 Million in Qorvo, Inc. $QRVO

Senvest Management LLC acquired a new stake in Qorvo, Inc. (NASDAQ:QRVO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 162,083 shares of the semiconductor company’s stock, valued at approximately $13,762,000. Senvest Management LLC owned approximately 0.17% of Qorvo at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Voya Investment Management LLC raised its stake in Qorvo by 19.0% in the 1st quarter. Voya Investment Management LLC now owns 18,725 shares of the semiconductor company’s stock valued at $1,356,000 after purchasing an additional 2,990 shares during the last quarter. F&V Capital Management LLC grew its holdings in shares of Qorvo by 69.0% during the second quarter. F&V Capital Management LLC now owns 157,062 shares of the semiconductor company’s stock worth $13,336,000 after buying an additional 64,114 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Qorvo in the second quarter valued at approximately $2,758,000. Janney Montgomery Scott LLC lifted its stake in shares of Qorvo by 61.6% during the second quarter. Janney Montgomery Scott LLC now owns 10,901 shares of the semiconductor company’s stock valued at $926,000 after buying an additional 4,157 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in Qorvo during the first quarter worth approximately $267,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

Insider Activity

In other news, SVP Paul J. Fego sold 13,612 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the completion of the transaction, the senior vice president directly owned 54,558 shares of the company’s stock, valued at approximately $5,183,010. This represents a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

QRVO has been the topic of a number of recent analyst reports. Loop Capital increased their price target on Qorvo from $75.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Needham & Company LLC lifted their price target on shares of Qorvo from $90.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Morgan Stanley set a $110.00 price target on Qorvo and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $92.00 to $105.00 in a research report on Tuesday, November 4th. Finally, Mizuho raised shares of Qorvo from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $75.00 to $93.00 in a research report on Tuesday, November 11th. Three equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat, Qorvo presently has a consensus rating of “Hold” and a consensus target price of $102.00.

Qorvo Stock Down 3.9%

Shares of Qorvo stock opened at $81.63 on Tuesday. Qorvo, Inc. has a 1-year low of $49.46 and a 1-year high of $106.30. The company has a market capitalization of $7.54 billion, a PE ratio of 35.34, a P/E/G ratio of 1.54 and a beta of 1.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.95 and a quick ratio of 2.20. The business has a 50-day moving average of $90.31 and a 200-day moving average of $86.06.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.19. The firm had revenue of $1.06 billion for the quarter. Qorvo had a net margin of 5.95% and a return on equity of 13.30%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.88 earnings per share. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. As a group, equities analysts forecast that Qorvo, Inc. will post 4.09 EPS for the current fiscal 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.