Lecap Asset Management Ltd. Invests $2.69 Million in Qorvo, Inc. $QRVO

Lecap Asset Management Ltd. bought a new stake in Qorvo, Inc. (NASDAQ:QRVO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 29,525 shares of the semiconductor company’s stock, valued at approximately $2,689,000. Qorvo comprises 0.9% of Lecap Asset Management Ltd.’s investment portfolio, making the stock its 12th biggest position.

Several other institutional investors have also added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new position in Qorvo during the 2nd quarter worth $25,000. Salomon & Ludwin LLC bought a new position in Qorvo during the third quarter worth about $34,000. True Wealth Design LLC increased its position in Qorvo by 560.3% during the third quarter. True Wealth Design LLC now owns 416 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 353 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Qorvo by 166.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 303 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Qorvo in the 2nd quarter valued at about $43,000. 88.57% of the stock is currently owned by institutional investors.

Qorvo Stock Performance

Qorvo stock opened at $81.49 on Thursday. The company has a quick ratio of 2.20, a current ratio of 2.95 and a debt-to-equity ratio of 0.44. The stock has a market cap of $7.53 billion, a PE ratio of 35.28, a P/E/G ratio of 1.60 and a beta of 1.36. Qorvo, Inc. has a 12-month low of $49.46 and a 12-month high of $106.30. The business’s 50-day moving average price is $86.53 and its two-hundred day moving average price is $88.18.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.19. The company 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 for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.88 earnings per share. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. As a group, analysts expect that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on QRVO. Argus raised shares of Qorvo to a “hold” rating in a report on Wednesday, November 5th. Cfra reissued a “hold” rating and set a $122.00 price target on shares of Qorvo in a research report on Tuesday, October 28th. UBS Group lifted their price objective on Qorvo from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Citigroup upgraded Qorvo from a “sell” rating to a “neutral” rating and upped their target price for the company from $70.00 to $105.00 in a research report on Tuesday, October 28th. Finally, Piper Sandler cut Qorvo from an “overweight” rating to a “hold” rating and set a $110.00 price target on the stock. in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $102.00.

About Qorvo

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.