14,808 Shares in Qorvo, Inc. $QRVO Purchased by Optimize Financial Inc

Optimize Financial Inc acquired a new position in Qorvo, Inc. (NASDAQ:QRVO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,808 shares of the semiconductor company’s stock, valued at approximately $1,349,000.

Several other large investors have also recently made changes to their positions in QRVO. State Street Corp grew its stake in shares of Qorvo by 5.0% in the 2nd quarter. State Street Corp now owns 3,704,113 shares of the semiconductor company’s stock worth $314,516,000 after buying an additional 175,031 shares during the last quarter. Norges Bank purchased a new position in Qorvo during the second quarter valued at $153,994,000. Bank of America Corp DE boosted its holdings in Qorvo by 20.2% in the second quarter. Bank of America Corp DE now owns 1,518,964 shares of the semiconductor company’s stock worth $128,975,000 after acquiring an additional 255,068 shares in the last quarter. LSV Asset Management boosted its holdings in Qorvo by 118.0% in the second quarter. LSV Asset Management now owns 1,382,970 shares of the semiconductor company’s stock worth $117,428,000 after acquiring an additional 748,589 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its stake in shares of Qorvo by 63.6% in the second quarter. Rafferty Asset Management LLC now owns 1,214,482 shares of the semiconductor company’s stock worth $103,122,000 after acquiring an additional 472,211 shares during the last quarter. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

Qorvo Stock Down 1.3%

QRVO opened at $78.80 on Wednesday. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.39 and a beta of 1.37. The firm has a 50 day moving average price of $84.31 and a 200-day moving average price of $87.43. Qorvo, Inc. has a twelve month low of $49.46 and a twelve month high of $106.30. 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 (NASDAQ:QRVO) last issued its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.24. The company had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $984.10 million. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company posted $1.61 earnings per share. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities research analysts forecast that Qorvo, Inc. will post 4.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QRVO has been the subject of several recent analyst reports. Mizuho lowered their price target on Qorvo from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, January 28th. TD Cowen reduced their price objective on shares of Qorvo from $95.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Zacks Research cut shares of Qorvo from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Susquehanna cut their price target on shares of Qorvo from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Finally, Morgan Stanley set a $84.00 price target on shares of Qorvo in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Qorvo currently has an average rating of “Hold” and a consensus target price of $93.56.

Qorvo Profile

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.