24,551 Shares in Qorvo, Inc. $QRVO Purchased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC purchased a new stake in shares of Qorvo, Inc. (NASDAQ:QRVO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 24,551 shares of the semiconductor company’s stock, valued at approximately $2,236,000.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Qorvo by 5.0% in the second quarter. State Street Corp now owns 3,704,113 shares of the semiconductor company’s stock valued at $314,516,000 after purchasing an additional 175,031 shares in the last quarter. Norges Bank bought a new position in Qorvo during the second quarter valued at $153,994,000. Bank of America Corp DE grew its stake in shares of Qorvo by 20.2% in the 2nd quarter. Bank of America Corp DE now owns 1,518,964 shares of the semiconductor company’s stock worth $128,975,000 after buying an additional 255,068 shares in the last quarter. LSV Asset Management increased its holdings in shares of Qorvo by 118.0% in the 2nd quarter. LSV Asset Management now owns 1,382,970 shares of the semiconductor company’s stock worth $117,428,000 after buying an additional 748,589 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its position in shares of Qorvo by 63.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 1,214,482 shares of the semiconductor company’s stock valued at $103,122,000 after buying an additional 472,211 shares in the last quarter. Institutional investors own 88.57% of the company’s stock.

Qorvo Price Performance

QRVO opened at $79.82 on Tuesday. The business has a fifty day moving average of $84.42 and a 200 day moving average of $87.50. The stock has a market cap of $7.40 billion, a P/E ratio of 21.99, a PEG ratio of 1.36 and a beta of 1.37. The company has a quick ratio of 2.89, a current ratio of 3.67 and a debt-to-equity ratio of 0.42. Qorvo, Inc. has a 52-week low of $49.46 and a 52-week high of $106.30.

Qorvo (NASDAQ:QRVO) last released its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.24. The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $984.10 million. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.61 earnings per share. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, sell-side analysts anticipate that Qorvo, Inc. will post 4.09 EPS for the current year.

Wall Street Analyst Weigh In

QRVO has been the subject of several recent research reports. Argus upgraded Qorvo to a “hold” rating in a research report on Wednesday, November 5th. Zacks Research cut Qorvo from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Cfra Research upgraded Qorvo to a “hold” rating in a report on Tuesday, October 28th. Stifel Nicolaus lowered their price target on Qorvo from $88.00 to $85.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Finally, Cfra reiterated a “hold” rating and set a $122.00 price objective on shares of Qorvo in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Qorvo currently has a consensus rating of “Hold” and an average target price of $93.56.

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.