Tidal Investments LLC Buys 5,752 Shares of Qorvo, Inc. $QRVO

Tidal Investments LLC raised its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 9.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,810 shares of the semiconductor company’s stock after purchasing an additional 5,752 shares during the quarter. Tidal Investments LLC’s holdings in Qorvo were worth $6,325,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in Qorvo by 801.4% in the first quarter. Bank of America Corp DE now owns 1,767,373 shares of the semiconductor company’s stock worth $136,795,000 after buying an additional 1,571,303 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Qorvo by 12.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 825,960 shares of the semiconductor company’s stock worth $77,037,000 after acquiring an additional 89,378 shares during the period. LSV Asset Management raised its position in shares of Qorvo by 2.3% in the 4th quarter. LSV Asset Management now owns 1,555,461 shares of the semiconductor company’s stock worth $131,452,000 after acquiring an additional 34,605 shares in the last quarter. Amundi raised its position in shares of Qorvo by 197.2% in the 1st quarter. Amundi now owns 772,352 shares of the semiconductor company’s stock worth $59,780,000 after acquiring an additional 512,475 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Qorvo in the 2nd quarter worth approximately $1,866,000. 88.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity at Qorvo

In other news, SVP Steven E. Creviston sold 4,810 shares of Qorvo stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $100.87, for a total transaction of $485,184.70. Following the transaction, the senior vice president directly owned 119,451 shares of the company’s stock, valued at $12,049,022.37. The trade was a 3.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Frank P. Stewart sold 8,279 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $94.72, for a total value of $784,186.88. Following the transaction, the senior vice president owned 43,069 shares of the company’s stock, valued at approximately $4,079,495.68. This trade represents a 16.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,999 shares of company stock valued at $5,458,714 in the last ninety days. Corporate insiders own 0.49% of the company’s stock.

Key Stories Impacting Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Skyworks CEO Phil Brace said the approximately $22 billion merger with Qorvo has entered its final stages and is expected to close by year-end. The comments reduced perceived regulatory and execution risk and helped drive renewed buying in Qorvo. Skyworks Solutions Stock Eyes Best Weekly Rally Since 2009
• Positive Sentiment: Reports indicated that Qorvo gained alongside Skyworks after the merger update, suggesting investors are assigning a higher probability to the transaction’s completion and potential strategic benefits from combining the two chipmakers. Skyworks Rises as Qorvo Merger Nears Completion
• Positive Sentiment: Qorvo’s latest quarterly results exceeded expectations, with earnings of $1.64 per share versus a $1.11 consensus estimate and revenue of $784.8 million versus $743.3 million expected. The earnings beat reinforces the company’s operating momentum, although year-over-year revenue declined. Qorvo Stock Surges Past 52-Week High
• Neutral Sentiment: Qorvo reached a new one-year high, increasing the possibility of profit-taking after the recent rally. Trading volume was also elevated, indicating strong investor attention but potentially greater short-term volatility.
• Negative Sentiment: Some analysts remain cautious, with a reported price target near $94—well below the current trading range. Options activity also reportedly points to a possible pullback, creating downside risk if merger optimism fades. Skyworks Stock Hits a New 52-Week High

Qorvo Price Performance

QRVO opened at $116.65 on Monday. The company has a current ratio of 3.54, a quick ratio of 2.68 and a debt-to-equity ratio of 0.45. Qorvo, Inc. has a 1-year low of $74.92 and a 1-year high of $120.52. The company has a market capitalization of $10.29 billion, a PE ratio of 27.07, a PEG ratio of 2.02 and a beta of 1.45. The firm’s 50 day simple moving average is $93.86 and its two-hundred day simple moving average is $90.40.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.53. The firm had revenue of $784.79 million during the quarter, compared to the consensus estimate of $743.28 million. Qorvo had a net margin of 10.95% and a return on equity of 17.23%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 EPS. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. As a group, equities analysts forecast that Qorvo, Inc. will post 6.41 EPS for the current year.

Qorvo Profile

Qorvo, Inc is a semiconductor company that develops and manufactures radio-frequency (RF) and related connectivity solutions. Its products are used to generate, filter, amplify and manage wireless signals in communications equipment and electronic devices.

The company supplies RF components, modules and integrated circuits for smartphones, cellular base stations, Wi-Fi equipment, automotive systems, Internet of Things devices, consumer electronics, and aerospace and defense applications.