KLP Kapitalforvaltning AS Has $11.97 Million Stock Holdings in Qorvo, Inc. $QRVO

KLP Kapitalforvaltning AS boosted its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 669.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 141,600 shares of the semiconductor company’s stock after buying an additional 123,200 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Qorvo were worth $11,967,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of QRVO. Jones Financial Companies Lllp boosted its position in Qorvo by 440.1% during the first quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock valued at $589,000 after purchasing an additional 6,628 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Qorvo by 158.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,121 shares of the semiconductor company’s stock valued at $180,000 after purchasing an additional 1,301 shares during the last quarter. First Trust Advisors LP boosted its position in Qorvo by 56.5% during the second quarter. First Trust Advisors LP now owns 142,503 shares of the semiconductor company’s stock valued at $12,100,000 after purchasing an additional 51,475 shares during the last quarter. Marshall Wace LLP acquired a new position in Qorvo during the second quarter valued at approximately $428,000. Finally, Cerity Partners LLC acquired a new position in Qorvo during the second quarter valued at approximately $327,000. 88.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on QRVO. UBS Group cut their price objective on Qorvo from $108.00 to $87.00 and set a “neutral” rating for the company in a research report on Tuesday, January 20th. Weiss Ratings raised Qorvo from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, January 29th. Morgan Stanley set a $84.00 price objective on Qorvo in a research report on Wednesday, January 28th. Benchmark reaffirmed a “hold” rating on shares of Qorvo in a research report on Wednesday, January 28th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Qorvo in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $93.94.

Qorvo Stock Performance

QRVO opened at $84.65 on Friday. Qorvo, Inc. has a 12-month low of $60.92 and a 12-month high of $106.30. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 1.34 and a beta of 1.34. The business has a 50 day moving average of $80.34 and a 200-day moving average of $84.01. The company has a quick ratio of 2.89, a current ratio of 3.67 and a debt-to-equity ratio of 0.42.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings data on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The company had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $984.10 million. During the same period last year, the firm posted $1.61 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, equities research analysts expect that Qorvo, Inc. will post 5.29 earnings per share for the current year.

Qorvo Company Profile

Qorvo, Inc is a leading provider of advanced radio-frequency (RF), analog and mixed-signal semiconductor solutions. The company designs, develops and manufactures a broad portfolio of components and modules that enable wireless and wired connectivity across mobile devices, network infrastructure, defense systems and Internet of Things (IoT) applications.

Qorvo’s product offerings include RF filters, power amplifiers, switches, integrated front-end modules and other custom mixed-signal devices.