Allianz Asset Management GmbH Increases Stake in Qorvo, Inc. $QRVO

Allianz Asset Management GmbH raised its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 32.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522,118 shares of the semiconductor company’s stock after buying an additional 128,162 shares during the quarter. Allianz Asset Management GmbH owned about 0.56% of Qorvo worth $44,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Qorvo by 1.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock valued at $682,000 after buying an additional 118 shares in the last quarter. Signaturefd LLC grew its holdings in Qorvo by 34.6% during the 1st quarter. Signaturefd LLC now owns 662 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 170 shares in the last quarter. HB Wealth Management LLC grew its holdings in Qorvo by 6.9% during the 2nd quarter. HB Wealth Management LLC now owns 2,955 shares of the semiconductor company’s stock valued at $251,000 after buying an additional 190 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Qorvo by 0.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 30,974 shares of the semiconductor company’s stock valued at $2,630,000 after buying an additional 203 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in Qorvo by 0.7% during the 2nd quarter. Maryland State Retirement & Pension System now owns 31,850 shares of the semiconductor company’s stock valued at $2,704,000 after buying an additional 232 shares in the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

Qorvo Price Performance

NASDAQ:QRVO opened at $92.13 on Friday. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 108.39, a PEG ratio of 1.79 and a beta of 1.42. Qorvo, Inc. has a 1 year low of $49.46 and a 1 year high of $105.39. The business has a 50 day simple moving average of $90.52 and a 200-day simple moving average of $81.18. 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 earnings per share (EPS) 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 analyst estimates of $775.61 million. Qorvo had a return on equity of 12.63% and a net margin of 2.21%.Qorvo’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Equities analysts forecast that Qorvo, Inc. will post 4.09 EPS for the current year.

Insiders Place Their Bets

In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of the stock in a transaction 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 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 SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on QRVO. Craig Hallum restated a “buy” rating on shares of Qorvo in a report on Wednesday, July 30th. Wall Street Zen upgraded Qorvo from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Benchmark raised their price target on Qorvo from $95.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Loop Capital raised their price objective on Qorvo from $75.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group assumed coverage on Qorvo in a research note on Thursday, July 10th. They issued a “neutral” rating and a $90.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $95.35.

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.