Nordea Investment Management AB lowered its holdings in Qorvo, Inc. (NASDAQ:QRVO – Free Report) by 2.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 146,730 shares of the semiconductor company’s stock after selling 3,903 shares during the quarter. Nordea Investment Management AB owned 0.16% of Qorvo worth $12,268,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jericho Capital Asset Management L.P. acquired a new position in shares of Qorvo during the 1st quarter worth $168,980,000. Contour Asset Management LLC purchased a new stake in Qorvo in the 1st quarter valued at about $151,698,000. Charles Schwab Investment Management Inc. grew its holdings in Qorvo by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 888,814 shares of the semiconductor company’s stock valued at $64,359,000 after buying an additional 57,838 shares during the period. Assenagon Asset Management S.A. grew its holdings in Qorvo by 82.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 763,654 shares of the semiconductor company’s stock valued at $64,842,000 after buying an additional 345,929 shares during the period. Finally, LSV Asset Management grew its holdings in Qorvo by 114.4% in the 1st quarter. LSV Asset Management now owns 634,381 shares of the semiconductor company’s stock valued at $45,936,000 after buying an additional 338,521 shares during the period. Institutional investors and hedge funds own 88.57% of the company’s stock.
Insider Activity
In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of the company’s 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 transaction, the senior vice president directly owned 54,558 shares of the company’s stock, valued at $5,183,010. This represents a 19.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on QRVO
Qorvo Stock Performance
Shares of QRVO opened at $92.13 on Monday. The business’s 50 day moving average is $90.52 and its two-hundred day moving average is $81.38. Qorvo, Inc. has a 52-week low of $49.46 and a 52-week high of $105.39. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 108.39, a PEG ratio of 1.80 and a beta of 1.42. The company has a quick ratio of 2.01, a current ratio of 2.81 and a debt-to-equity ratio of 0.45.
Qorvo (NASDAQ:QRVO – Get Free Report) last announced its earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.30. Qorvo had a return on equity of 12.63% and a net margin of 2.21%.The company had revenue of $818.80 million for the quarter, compared to analyst estimates of $775.61 million. During the same period in the prior year, the company posted $0.87 EPS. Qorvo’s quarterly revenue was down 7.7% on a year-over-year basis. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Analysts forecast that Qorvo, Inc. will post 4.09 EPS 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.
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