The Manufacturers Life Insurance Company Takes Position in Qorvo, Inc. $QRVO

The Manufacturers Life Insurance Company purchased a new stake in Qorvo, Inc. (NASDAQ:QRVO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,518 shares of the semiconductor company’s stock, valued at approximately $888,000.

A number of other large investors have also added to or reduced their stakes in QRVO. Smartleaf Asset Management LLC increased its stake in Qorvo by 215.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 338 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 231 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Qorvo during the 2nd quarter valued at $32,000. Advisory Services Network LLC bought a new stake in shares of Qorvo during the 3rd quarter valued at $36,000. Elevation Wealth Partners LLC lifted its position in shares of Qorvo by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 413 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 310 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in shares of Qorvo by 60.0% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

Insider Transactions at Qorvo

In related news, SVP Frank P. Stewart sold 8,279 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $94.72, for a total transaction of $784,186.88. Following the completion of the transaction, the senior vice president directly owned 43,069 shares in the company, valued at $4,079,495.68. This represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Grant Brown sold 5,179 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $97.50, for a total transaction of $504,952.50. Following the completion of the transaction, the chief financial officer directly owned 49,268 shares of the company’s stock, valued at approximately $4,803,630. The trade was a 9.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 54,999 shares of company stock valued at $5,458,714. 0.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Cowen restated a “hold” rating on shares of Qorvo in a research report on Wednesday, July 29th. Citigroup cut their price objective on shares of Qorvo from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. UBS Group raised their target price on shares of Qorvo from $91.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Qorvo from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qorvo in a report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Qorvo currently has an average rating of “Hold” and a consensus target price of $94.00.

Qorvo Price Performance

Qorvo stock opened at $102.84 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.68 and a current ratio of 3.54. Qorvo, Inc. has a 52 week low of $74.92 and a 52 week high of $109.49. The stock has a market capitalization of $9.07 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 1.81 and a beta of 1.45. The stock has a fifty day moving average of $92.09 and a 200-day moving average of $89.47.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.53. Qorvo had a return on equity of 17.23% and a net margin of 10.95%.The business had revenue of $784.79 million for the quarter, compared to analyst estimates of $743.28 million. During the same period last year, the firm posted $0.92 earnings per share. Qorvo’s revenue was down 4.2% compared to the same quarter last year. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. On average, sell-side analysts expect that Qorvo, Inc. will post 6.3 earnings per share for the current fiscal year.

Key Headlines Impacting Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Qorvo’s latest quarterly results exceeded expectations: earnings per share came in at $1.64 versus the $1.11 consensus estimate, while revenue of roughly $784.8 million surpassed forecasts of $743.3 million. The earnings beat provides support for the stock, although revenue declined 4.2% year over year.
• Positive Sentiment: Institutional ownership remains high at approximately 88.6%, with major investors including BlackRock, California State Teachers’ Retirement System and Bank of America reportedly adding or initiating sizable positions. Such buying can reinforce investor confidence and provide demand for QRVO shares.
• Positive Sentiment: Qorvo’s exposure to radio-frequency solutions for drones, satellite communications and industrial IoT may offer longer-term growth opportunities in bandwidth, connectivity and power-efficiency markets.
• Neutral Sentiment: Brokerages maintain an average “Hold” recommendation, with three Buy ratings, fourteen Holds and one Sell. The average price target is $94, below recent trading levels, suggesting analysts see limited near-term upside despite the earnings beat. Qorvo Given Average Recommendation of Hold
• Neutral Sentiment: Skyworks Solutions’ extension of exchange offers for Qorvo notes keeps the companies’ merger plans in focus. The potential transaction could be a catalyst, but the extension also leaves timing, financing and completion risks unresolved.
• Negative Sentiment: Several executives recently sold shares. CEO Robert Bruggeworth sold 28,744 shares for approximately $2.9 million, while SVPs Steven Creviston, Paul Fego and Frank Stewart also reduced their holdings. The combined sales total roughly $4.4 million and could weigh on sentiment, though they may reflect routine diversification rather than a change in business outlook. Qorvo Insider Selling

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.