Norden Group LLC Invests $205,000 in Qorvo, Inc. $QRVO

Norden Group LLC acquired a new position in shares of Qorvo, Inc. (NASDAQ:QRVO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,415 shares of the semiconductor company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. City Holding Co. bought a new position in shares of Qorvo during the 1st quarter worth about $25,000. Banque Transatlantique SA bought a new position in shares of Qorvo during the 1st quarter worth about $27,000. Larson Financial Group LLC lifted its holdings in shares of Qorvo by 222.6% during the 1st quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 296 shares during the period. Curat Global LLC bought a new position in shares of Qorvo during the 1st quarter worth about $34,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Qorvo during the 1st quarter worth about $34,000. 88.57% of the stock is owned by institutional investors.

Qorvo Stock Performance

Shares of QRVO opened at $93.02 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.81. Qorvo, Inc. has a twelve month low of $49.46 and a twelve month high of $107.33. The firm’s 50 day moving average price is $89.23 and its two-hundred day moving average price is $79.40. The firm has a market cap of $8.62 billion, a P/E ratio of 109.44, a PEG ratio of 1.81 and a beta of 1.39.

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

Insider Activity

In other news, SVP Paul J. Fego sold 13,612 shares of Qorvo stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total value of $1,293,140.00. Following the sale, the senior vice president directly owned 54,558 shares in the company, valued at $5,183,010. This trade represents a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

QRVO has been the subject of a number of recent analyst reports. Mizuho set a $84.00 target price on shares of Qorvo and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. UBS Group set a $100.00 target price on shares of Qorvo and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. TD Cowen increased their target price on shares of Qorvo from $80.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, July 30th. Citigroup reiterated a “sell” rating on shares of Qorvo in a research report on Wednesday, September 10th. Finally, Piper Sandler raised their price objective on shares of Qorvo from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $95.35.

About Qorvo

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.