Qorvo, Inc. $QRVO Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 43.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,410 shares of the semiconductor company’s stock after selling 6,394 shares during the quarter. SG Americas Securities LLC’s holdings in Qorvo were worth $766,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QRVO. State Street Corp lifted its holdings in Qorvo by 5.0% in the second quarter. State Street Corp now owns 3,704,113 shares of the semiconductor company’s stock valued at $314,516,000 after acquiring an additional 175,031 shares during the period. Norges Bank acquired a new position in shares of Qorvo during the 2nd quarter worth $153,994,000. Bank of America Corp DE increased its holdings 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 in the last quarter. LSV Asset Management lifted its stake in shares of Qorvo by 118.0% in the second 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 period. Finally, Rafferty Asset Management LLC boosted its holdings in Qorvo by 63.6% during the second 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 in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Mizuho set a $85.00 target price on shares of Qorvo in a report on Friday, January 9th. Piper Sandler cut Qorvo from an “overweight” rating to a “hold” rating and set a $110.00 price target on the stock. in a report on Wednesday, October 29th. Morgan Stanley set a $110.00 price objective on Qorvo and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. UBS Group reduced their price objective on Qorvo from $108.00 to $87.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Citigroup raised Qorvo from a “sell” rating to a “neutral” rating and upped their target price for the company from $70.00 to $105.00 in a report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Qorvo presently has an average rating of “Hold” and an average target price of $100.07.

Qorvo Trading Down 0.3%

Shares of Qorvo stock opened at $79.85 on Wednesday. Qorvo, Inc. has a 1 year low of $49.46 and a 1 year high of $106.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.95 and a quick ratio of 2.20. The business has a 50 day moving average price of $84.93 and a 200 day moving average price of $88.01. The company has a market capitalization of $7.38 billion, a P/E ratio of 34.57, a P/E/G ratio of 1.50 and a beta of 1.36.

Qorvo (NASDAQ:QRVO) last announced its earnings results on Monday, November 3rd. The semiconductor company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.19. Qorvo had a return on equity of 13.30% and a net margin of 5.95%.The firm had revenue of $1.06 billion for the quarter. During the same quarter last year, the company posted $1.88 EPS. Qorvo’s quarterly revenue was up 1.1% compared to the same quarter last year. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. Sell-side analysts anticipate that Qorvo, Inc. will post 4.09 EPS for the current fiscal 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.