Handelsbanken Fonder AB Invests $15.26 Million in Qorvo, Inc. $QRVO

Handelsbanken Fonder AB purchased a new position in shares of Qorvo, Inc. (NASDAQ:QRVO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 167,583 shares of the semiconductor company’s stock, valued at approximately $15,263,000.

Other institutional investors have also recently bought and sold shares of the company. Sage Rhino Capital LLC boosted its stake in Qorvo by 4.4% in the third quarter. Sage Rhino Capital LLC now owns 3,758 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 160 shares in the last quarter. Versant Capital Management Inc lifted its position in Qorvo by 4.5% during the 3rd quarter. Versant Capital Management Inc now owns 4,139 shares of the semiconductor company’s stock worth $377,000 after buying an additional 177 shares in the last quarter. KLP Kapitalforvaltning AS lifted its position in Qorvo by 1.1% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 18,400 shares of the semiconductor company’s stock worth $1,676,000 after buying an additional 200 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in 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 last quarter. Finally, Clearstead Advisors LLC increased its position in Qorvo by 93.3% in the 3rd quarter. Clearstead Advisors LLC now owns 431 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 208 shares in the last quarter. Institutional investors own 88.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Craig Hallum reduced their target price on shares of Qorvo from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. UBS Group reduced their price objective on Qorvo from $108.00 to $87.00 and set a “neutral” rating on the stock in a report on Tuesday, January 20th. JPMorgan Chase & Co. raised Qorvo from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $92.00 to $105.00 in a research note on Tuesday, November 4th. Argus upgraded Qorvo to a “hold” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings upgraded Qorvo from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $93.56.

Qorvo Stock Performance

Shares of QRVO stock opened at $82.90 on Friday. The stock has a market cap of $7.69 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.44 and a beta of 1.37. The stock has a 50-day moving average of $82.74 and a 200-day moving average of $87.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.89. Qorvo, Inc. has a one year low of $49.46 and a one year high of $106.30.

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

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.