UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Qorvo, Inc. $QRVO

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 8.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,295 shares of the semiconductor company’s stock after acquiring an additional 18,652 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Qorvo were worth $21,946,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Nissay Asset Management Corp Japan boosted its position in shares of Qorvo by 35.1% in the second quarter. Nissay Asset Management Corp Japan now owns 30,643 shares of the semiconductor company’s stock worth $2,858,000 after buying an additional 7,960 shares during the period. Archer Investment Corp bought a new position in shares of Qorvo during the second quarter valued at approximately $243,000. Rakuten Investment Management Inc. acquired a new position in shares of Qorvo during the second quarter worth approximately $1,063,000. Mint Tower Capital Management B.V. bought a new position in shares of Qorvo in the second quarter valued at approximately $2,332,000. Finally, North Star Asset Management Inc. bought a new stake in shares of Qorvo in the 2nd quarter worth approximately $443,000. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on QRVO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Qorvo in a research note on Friday, July 24th. Citigroup reduced their price objective on shares of Qorvo from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Wall Street Zen raised shares of Qorvo from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. UBS Group increased their price objective on Qorvo from $91.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, TD Cowen reissued a “hold” rating on shares of Qorvo in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $94.00.

Insider Buying and Selling

In other Qorvo news, SVP Philip Chesley sold 5,487 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $97.50, for a total transaction of $534,982.50. Following the completion of the sale, the senior vice president directly owned 44,021 shares in the company, valued at $4,292,047.50. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Grant Brown sold 5,179 shares of Qorvo stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $97.50, for a total transaction of $504,952.50. Following the sale, the chief financial officer directly owned 49,268 shares in the company, valued at $4,803,630. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 54,999 shares of company stock worth $5,458,714. 0.49% of the stock is owned by company insiders.

Qorvo Price Performance

Shares of QRVO stock opened at $102.84 on Friday. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45. The company has a quick ratio of 2.68, a current ratio of 3.54 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average of $92.09 and a 200-day moving average of $89.47. Qorvo, Inc. has a 12-month low of $74.92 and a 12-month high of $109.49.

Qorvo (NASDAQ:QRVO) last released its earnings results on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.53. Qorvo had a return on equity of 17.23% and a net margin of 10.95%.The firm had revenue of $784.79 million during the quarter, compared to analysts’ expectations of $743.28 million. During the same quarter in the prior year, the company earned $0.92 EPS. The company’s revenue was down 4.2% on a year-over-year basis. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. On average, equities research analysts forecast that Qorvo, Inc. will post 6.3 earnings per share for the current year.

Key Qorvo News

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Qorvo’s latest quarterly results exceeded expectations: earnings per share came in at $1.64 versus the $1.11 consensus estimate, while revenue of roughly $784.8 million surpassed forecasts of $743.3 million. The earnings beat provides support for the stock, although revenue declined 4.2% year over year.
• Positive Sentiment: Institutional ownership remains high at approximately 88.6%, with major investors including BlackRock, California State Teachers’ Retirement System and Bank of America reportedly adding or initiating sizable positions. Such buying can reinforce investor confidence and provide demand for QRVO shares.
• Positive Sentiment: Qorvo’s exposure to radio-frequency solutions for drones, satellite communications and industrial IoT may offer longer-term growth opportunities in bandwidth, connectivity and power-efficiency markets.
• Neutral Sentiment: Brokerages maintain an average “Hold” recommendation, with three Buy ratings, fourteen Holds and one Sell. The average price target is $94, below recent trading levels, suggesting analysts see limited near-term upside despite the earnings beat. Qorvo Given Average Recommendation of Hold
• Neutral Sentiment: Skyworks Solutions’ extension of exchange offers for Qorvo notes keeps the companies’ merger plans in focus. The potential transaction could be a catalyst, but the extension also leaves timing, financing and completion risks unresolved.
• Negative Sentiment: Several executives recently sold shares. CEO Robert Bruggeworth sold 28,744 shares for approximately $2.9 million, while SVPs Steven Creviston, Paul Fego and Frank Stewart also reduced their holdings. The combined sales total roughly $4.4 million and could weigh on sentiment, though they may reflect routine diversification rather than a change in business outlook. Qorvo Insider Selling

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.