Qorvo, Inc. $QRVO Shares Purchased by Lido Advisors LLC

Lido Advisors LLC raised its position in Qorvo, Inc. (NASDAQ:QRVO) by 147.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,935 shares of the semiconductor company’s stock after buying an additional 7,119 shares during the period. Lido Advisors LLC’s holdings in Qorvo were worth $924,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of Qorvo by 440.1% during the first quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock worth $589,000 after acquiring an additional 6,628 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Qorvo by 158.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,121 shares of the semiconductor company’s stock valued at $180,000 after purchasing an additional 1,301 shares during the last quarter. First Trust Advisors LP grew its stake in Qorvo by 56.5% during the 2nd quarter. First Trust Advisors LP now owns 142,503 shares of the semiconductor company’s stock valued at $12,100,000 after purchasing an additional 51,475 shares in the last quarter. Marshall Wace LLP acquired a new stake in Qorvo during the 2nd quarter valued at approximately $428,000. Finally, Cerity Partners LLC purchased a new stake in Qorvo during the 2nd quarter worth approximately $327,000. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Qorvo

In other news, CEO Robert A. Bruggeworth sold 57,957 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $100.40, for a total transaction of $5,818,882.80. Following the completion of the transaction, the chief executive officer directly owned 319,880 shares of the company’s stock, valued at approximately $32,115,952. This represents a 15.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Paul J. Fego sold 2,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the sale, the senior vice president owned 71,038 shares in the company, valued at $7,103,800. The trade was a 3.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,966,127 shares of company stock worth $198,911,103. Insiders own 0.49% of the company’s stock.

Qorvo Stock Up 2.2%

Shares of NASDAQ:QRVO opened at $91.76 on Wednesday. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44. Qorvo, Inc. has a 1-year low of $74.92 and a 1-year high of $109.49. The company’s fifty day moving average is $94.52 and its two-hundred day moving average is $86.66. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.46 and a current ratio of 3.24.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.53. Qorvo had a net margin of 9.22% and a return on equity of 15.32%. The company had revenue of $784.79 million for the quarter, compared to the consensus estimate of $743.28 million. During the same period last year, the firm posted $0.92 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. Equities analysts anticipate that Qorvo, Inc. will post 5.83 EPS for the current year.

Key Headlines Impacting Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Quarterly results exceeded expectations. Qorvo reported fiscal first-quarter adjusted earnings of $1.64 per share, up from $0.92 a year earlier and well above the $1.11 consensus estimate. Revenue of approximately $784.8 million also surpassed analyst expectations of roughly $743 million. Qorvo Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and cash generation improved. Reported gross profit rose to $401 million, operating profit reached $96.8 million and net income attributable to common shareholders increased to $85.8 million. Qorvo generated $139.5 million in operating cash flow and ended the quarter with $1.3 billion in cash. Qorvo Fiscal Q1 2027 Earnings
• Positive Sentiment: Full-year guidance was raised relative to expectations. Qorvo provided fiscal 2027 earnings guidance of $7.00 per share, above the analyst consensus of $6.69, reinforcing the view that cost controls and product mix may support earnings even with softer year-over-year revenue. Qorvo Earnings Press Release
• Positive Sentiment: Merger preparations advanced. Qorvo and Skyworks unveiled a leadership team for their planned merger, while Skyworks said regulatory approvals are progressing and outlined acquisition financing plans. The combination could create longer-term scale and cost synergies, although it remains subject to closing conditions. Skyworks and Qorvo Merger Leadership Announcement
• Neutral Sentiment: Revenue remains below the prior-year level. Fiscal first-quarter revenue declined approximately 4.1% year over year, indicating that the earnings improvement was driven largely by profitability gains rather than broad-based sales growth.
• Negative Sentiment: Insider selling is a potential overhang. Data cited in the coverage showed 11 insider sales and no insider purchases during the past six months, including sizable sales by former and current executives. Such activity may raise caution among investors, although it does not necessarily reflect the company’s operating outlook.

Wall Street Analyst Weigh In

QRVO has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qorvo in a research report on Friday. Barclays upgraded shares of Qorvo from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $100.00 in a research note on Wednesday, April 22nd. Citigroup upped their price target on shares of Qorvo from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wolfe Research downgraded shares of Qorvo from an “outperform” rating to a “peer perform” rating in a research note on Friday, April 17th. Finally, UBS Group raised their price objective on shares of Qorvo from $87.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Qorvo has a consensus rating of “Hold” and an average target price of $97.07.

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.