Yousif Capital Management LLC Boosts Stake in Qorvo, Inc. $QRVO

Yousif Capital Management LLC lifted its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 37,448 shares of the semiconductor company’s stock after purchasing an additional 366 shares during the period. Yousif Capital Management LLC’s holdings in Qorvo were worth $3,180,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Banque Transatlantique SA purchased a new position in shares of Qorvo in the first quarter worth about $27,000. Larson Financial Group LLC lifted its stake in shares of Qorvo by 222.6% in the first quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company’s stock worth $31,000 after buying an additional 296 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Qorvo during the first quarter worth about $34,000. MassMutual Private Wealth & Trust FSB raised its stake in Qorvo by 166.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 303 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Qorvo during the second quarter worth about $43,000. 88.57% of the stock is owned by hedge funds and other institutional investors.

Qorvo Stock Performance

NASDAQ:QRVO opened at $91.68 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. The stock has a market capitalization of $8.49 billion, a P/E ratio of 107.86, a PEG ratio of 1.76 and a beta of 1.42. The company has a 50 day moving average price of $90.44 and a 200 day moving average price of $81.04. Qorvo, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $106.25.

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

Insider Buying and Selling at Qorvo

In related news, SVP Paul J. Fego sold 13,612 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the completion of the transaction, the senior vice president owned 54,558 shares of the company’s stock, valued at approximately $5,183,010. This trade represents a 19.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Susquehanna reaffirmed a “neutral” rating and set a $95.00 target price (up from $90.00) on shares of Qorvo in a research note on Wednesday, July 30th. Needham & Company LLC lifted their target price on shares of Qorvo from $90.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Loop Capital lifted their target price on shares of Qorvo from $75.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $88.00 target price on shares of Qorvo and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Qorvo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $95.35.

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.