Evergreen Capital Management LLC Grows Stake in Qorvo, Inc. $QRVO

Evergreen Capital Management LLC raised its stake in Qorvo, Inc. (NASDAQ:QRVO) by 17.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,502 shares of the semiconductor company’s stock after acquiring an additional 683 shares during the quarter. Evergreen Capital Management LLC’s holdings in Qorvo were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QRVO. City Holding Co. purchased a new position in Qorvo in the first quarter valued at about $25,000. Larson Financial Group LLC boosted its stake in Qorvo by 222.6% in the first quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 296 shares during the last quarter. Curat Global LLC purchased a new position in Qorvo in the first quarter valued at about $34,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Qorvo in the first quarter valued at about $34,000. Finally, SVB Wealth LLC purchased a new position in Qorvo in the first quarter valued at about $47,000. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on QRVO. Craig Hallum restated a “buy” rating on shares of Qorvo in a research note on Wednesday, July 30th. Benchmark upped their price target on shares of Qorvo from $95.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Needham & Company LLC upped their price target on shares of Qorvo from $90.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group began coverage on shares of Qorvo in a research note on Thursday, July 10th. They set a “neutral” rating and a $90.00 price target on the stock. Finally, Citigroup restated a “sell” rating on shares of Qorvo in a research note on Tuesday, June 10th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Qorvo presently has a consensus rating of “Hold” and a consensus target price of $95.35.

Qorvo Price Performance

Shares of NASDAQ:QRVO opened at $90.34 on Wednesday. The company’s fifty day moving average price is $87.72 and its 200-day moving average price is $77.25. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 106.28, a PEG ratio of 1.77 and a beta of 1.39. Qorvo, Inc. has a one year low of $49.46 and a one year high of $113.88. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.81 and a quick ratio of 2.01.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.30. The firm had revenue of $818.80 million for the quarter, compared to analyst estimates of $775.61 million. Qorvo had a net margin of 2.21% and a return on equity of 12.63%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. On average, equities research analysts anticipate that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Qorvo Profile

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.