Qorvo, Inc. $QRVO Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 14.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 159,884 shares of the semiconductor company’s stock after buying an additional 20,466 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.17% of Qorvo worth $13,576,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC boosted its position in Qorvo by 34.6% during the 1st quarter. Signaturefd LLC now owns 662 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 170 shares during the period. Larson Financial Group LLC lifted its stake in shares of Qorvo by 222.6% during the first quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 296 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Qorvo by 52.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 34,489 shares of the semiconductor company’s stock worth $2,497,000 after buying an additional 11,939 shares during the period. Choreo LLC grew its stake in shares of Qorvo by 77.0% in the first quarter. Choreo LLC now owns 5,352 shares of the semiconductor company’s stock valued at $388,000 after buying an additional 2,329 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Qorvo by 12.5% during the 1st quarter. Pinnacle Associates Ltd. now owns 380,926 shares of the semiconductor company’s stock valued at $27,583,000 after buying an additional 42,248 shares during the period. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 completion of the transaction, the senior vice president owned 54,558 shares in the company, valued at approximately $5,183,010. This trade represents a 19.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on QRVO. Piper Sandler cut Qorvo from an “overweight” rating to a “hold” rating and set a $110.00 price target for the company. in a report on Wednesday, October 29th. Stifel Nicolaus set a $88.00 target price on shares of Qorvo and gave the company a “hold” rating in a research note on Wednesday, July 30th. Needham & Company LLC lifted their price target 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. Cfra Research upgraded shares of Qorvo to a “hold” rating in a report on Tuesday, October 28th. Finally, Susquehanna restated 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. Three research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $102.00.

Qorvo Trading Up 0.6%

QRVO opened at $81.61 on Thursday. Qorvo, Inc. has a 12-month low of $49.46 and a 12-month high of $106.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.95 and a quick ratio of 2.20. The stock has a market capitalization of $7.54 billion, a PE ratio of 35.33, a P/E/G ratio of 1.47 and a beta of 1.44. The firm’s fifty day moving average price is $89.94 and its 200 day moving average price is $86.10.

Qorvo (NASDAQ:QRVO) last released its earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.19. Qorvo had a net margin of 5.95% and a return on equity of 13.30%. The company had revenue of $1.06 billion during the quarter. During the same period in the previous year, the firm posted $1.88 EPS. Qorvo’s revenue for the quarter was up 1.1% on a year-over-year basis. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. As a group, research analysts expect that Qorvo, Inc. will post 4.09 EPS for the current fiscal year.

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.