Bayforest Capital Ltd Makes New $154,000 Investment in Qorvo, Inc. $QRVO

Bayforest Capital Ltd acquired a new stake in Qorvo, Inc. (NASDAQ:QRVO) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,813 shares of the semiconductor company’s stock, valued at approximately $154,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Total Clarity Wealth Management Inc. purchased a new position in shares of Qorvo during the second quarter worth about $219,000. Yousif Capital Management LLC boosted its stake in Qorvo by 1.0% in the second quarter. Yousif Capital Management LLC now owns 37,448 shares of the semiconductor company’s stock worth $3,180,000 after buying an additional 366 shares in the last quarter. CWM LLC boosted its stake in Qorvo by 30.9% in the second quarter. CWM LLC now owns 2,012 shares of the semiconductor company’s stock worth $171,000 after buying an additional 475 shares in the last quarter. Callan Family Office LLC purchased a new stake in Qorvo in the second quarter worth approximately $696,000. Finally, Maryland State Retirement & Pension System boosted its stake in Qorvo by 0.7% in the second quarter. Maryland State Retirement & Pension System now owns 31,850 shares of the semiconductor company’s stock worth $2,704,000 after buying an additional 232 shares in the last quarter. 88.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on QRVO. Mizuho set a $84.00 price objective on Qorvo and gave the company a “neutral” rating in a research note on Tuesday, July 1st. Barclays raised their price target on Qorvo from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Susquehanna reiterated a “neutral” rating and issued a $95.00 price objective (up previously from $90.00) on shares of Qorvo in a report on Wednesday, July 30th. Loop Capital increased their price objective on Qorvo from $75.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Finally, Citigroup reiterated a “sell” rating on shares of Qorvo in a report on Wednesday, September 10th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Qorvo currently has a consensus rating of “Hold” and a consensus price target of $95.35.

Qorvo Trading Up 1.9%

Shares of NASDAQ:QRVO opened at $91.68 on Friday. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 107.86, a PEG ratio of 1.76 and a beta of 1.42. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.81. The stock’s 50-day simple moving average is $90.44 and its two-hundred day simple moving average is $81.04. Qorvo, Inc. has a 52-week low of $49.46 and a 52-week high of $106.25.

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

Insider Transactions at Qorvo

In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of Qorvo stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $95.00, for a total value of $1,293,140.00. Following the sale, the senior vice president owned 54,558 shares of the company’s stock, valued at $5,183,010. The trade was a 19.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by insiders.

Qorvo Company 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.