14,728 Shares in Qorvo, Inc. $QRVO Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in Qorvo, Inc. (NASDAQ:QRVO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,728 shares of the semiconductor company’s stock, valued at approximately $1,341,000.

Several other hedge funds also recently bought and sold shares of QRVO. Norges Bank bought a new position in Qorvo in the second quarter worth approximately $153,994,000. LSV Asset Management lifted its holdings in shares of Qorvo by 118.0% during the 2nd quarter. LSV Asset Management now owns 1,382,970 shares of the semiconductor company’s stock valued at $117,428,000 after purchasing an additional 748,589 shares during the last quarter. Rafferty Asset Management LLC grew its stake in Qorvo by 63.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 1,214,482 shares of the semiconductor company’s stock worth $103,122,000 after buying an additional 472,211 shares during the last quarter. Dorsal Capital Management LP acquired a new stake in Qorvo in the second quarter worth about $34,389,000. Finally, Bank of America Corp DE raised its position 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 valued at $128,975,000 after purchasing an additional 255,068 shares during the last quarter. Institutional investors own 88.57% of the company’s stock.

Wall Street Analysts Forecast Growth

QRVO has been the subject of several recent research reports. Citigroup reduced their target price on shares of Qorvo from $105.00 to $90.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Mizuho dropped their target price on Qorvo from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Zacks Research upgraded Qorvo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. upgraded shares of Qorvo from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $92.00 to $105.00 in a research report on Tuesday, November 4th. Finally, TD Cowen reduced their price objective on Qorvo from $95.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Qorvo presently has a consensus rating of “Hold” and a consensus price target of $93.56.

Qorvo Trading Down 1.0%

NASDAQ:QRVO opened at $82.36 on Thursday. The stock has a fifty day moving average price of $82.85 and a 200 day moving average price of $87.13. The company has a current ratio of 3.67, a quick ratio of 2.89 and a debt-to-equity ratio of 0.42. Qorvo, Inc. has a 12-month low of $49.46 and a 12-month high of $106.30. The firm has a market cap of $7.64 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.37.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings data 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 business 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%.The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 EPS. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Sell-side analysts anticipate that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Qorvo Company 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.