Qorvo, Inc. $QRVO Shares Bought by M&T Bank Corp

M&T Bank Corp lifted its stake in Qorvo, Inc. (NASDAQ:QRVO) by 3,397.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 150,173 shares of the semiconductor company’s stock after purchasing an additional 145,879 shares during the period. M&T Bank Corp’s holdings in Qorvo were worth $12,691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Salomon & Ludwin LLC increased its stake in Qorvo by 54.4% during the fourth quarter. Salomon & Ludwin LLC now owns 559 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 197 shares during the last quarter. Optas LLC acquired a new stake in Qorvo during the fourth quarter worth $385,000. Krilogy Financial LLC acquired a new stake in Qorvo during the fourth quarter worth $288,000. Bayforest Capital Ltd increased its stake in Qorvo by 370.6% during the fourth quarter. Bayforest Capital Ltd now owns 5,676 shares of the semiconductor company’s stock worth $480,000 after acquiring an additional 4,470 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in Qorvo during the fourth quarter worth $1,579,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

Qorvo Trading Down 0.4%

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

Qorvo (NASDAQ:QRVO) last released its earnings results 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 firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $984.10 million. During the same period last year, the business posted $1.61 earnings per share. Qorvo’s revenue was up 8.4% compared to the same quarter last year. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Sell-side analysts anticipate that Qorvo, Inc. will post 5.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. KeyCorp reissued a “sector weight” rating on shares of Qorvo in a research note on Wednesday, January 28th. Stifel Nicolaus lowered their price target on Qorvo from $88.00 to $85.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Susquehanna lowered their price target on Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Morgan Stanley set a $84.00 price target on Qorvo in a research report on Wednesday, January 28th. Finally, Benchmark restated a “hold” rating on shares of Qorvo in a research report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $93.94.

Qorvo 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.