GSA Capital Partners LLP Buys New Shares in Qorvo, Inc. $QRVO

GSA Capital Partners LLP purchased a new stake in shares of Qorvo, Inc. (NASDAQ:QRVO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,663 shares of the semiconductor company’s stock, valued at approximately $3,977,000. Qorvo comprises about 0.3% of GSA Capital Partners LLP’s investment portfolio, making the stock its 6th largest holding.

Several other institutional investors have also recently made changes to their positions in the stock. Sage Rhino Capital LLC increased its holdings in Qorvo by 4.4% during the third quarter. Sage Rhino Capital LLC now owns 3,758 shares of the semiconductor company’s stock worth $342,000 after buying an additional 160 shares during the last quarter. Versant Capital Management Inc lifted its stake in Qorvo by 4.5% in the 3rd quarter. Versant Capital Management Inc now owns 4,139 shares of the semiconductor company’s stock valued at $377,000 after purchasing an additional 177 shares during the last quarter. KLP Kapitalforvaltning AS raised its stake in Qorvo by 1.1% in the third quarter. KLP Kapitalforvaltning AS now owns 18,400 shares of the semiconductor company’s stock valued at $1,676,000 after buying an additional 200 shares during the period. Resonant Capital Advisors LLC boosted its stake in shares of Qorvo by 7.6% during the 3rd quarter. Resonant Capital Advisors LLC now owns 2,881 shares of the semiconductor company’s stock worth $262,000 after acquiring an additional 204 shares during the period. Finally, Arizona State Retirement System raised its stake in Qorvo by 0.8% in the 3rd quarter. Arizona State Retirement System now owns 26,084 shares of the semiconductor company’s stock valued at $2,376,000 after acquiring an additional 210 shares during the period. Institutional investors and hedge funds own 88.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on QRVO shares. Stifel Nicolaus decreased their price objective on shares of Qorvo from $88.00 to $85.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and increased their price target for the company from $92.00 to $105.00 in a report on Tuesday, November 4th. Argus upgraded Qorvo to a “hold” rating in a report on Wednesday, November 5th. Benchmark reiterated a “hold” rating on shares of Qorvo in a research note on Wednesday, January 28th. Finally, Piper Sandler reiterated a “neutral” rating on shares of Qorvo in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Qorvo presently has a consensus rating of “Hold” and an average target price of $93.56.

Qorvo Stock Performance

Shares of NASDAQ:QRVO opened at $84.44 on Tuesday. Qorvo, Inc. has a 1 year low of $49.46 and a 1 year high of $106.30. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 1.47 and a beta of 1.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.89. The company’s 50 day simple moving average is $83.58 and its 200 day simple moving average is $87.28.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.24. The company had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $984.10 million. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.Qorvo’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 EPS. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. As a group, research analysts predict that Qorvo, Inc. will post 4.09 EPS for the current fiscal year.

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.