SG Americas Securities LLC Acquires 5,024 Shares of Qorvo, Inc. $QRVO

SG Americas Securities LLC increased its holdings in Qorvo, Inc. (NASDAQ:QRVO) by 51.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,804 shares of the semiconductor company’s stock after acquiring an additional 5,024 shares during the quarter. SG Americas Securities LLC’s holdings in Qorvo were worth $1,257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in QRVO. Wealth Enhancement Advisory Services LLC raised its holdings in Qorvo by 1.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock worth $682,000 after purchasing an additional 118 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Qorvo by 6.9% during the 2nd quarter. HB Wealth Management LLC now owns 2,955 shares of the semiconductor company’s stock valued at $251,000 after purchasing an additional 190 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Qorvo by 0.7% during the second quarter. Public Employees Retirement System of Ohio now owns 30,974 shares of the semiconductor company’s stock valued at $2,630,000 after buying an additional 203 shares during the period. Teacher Retirement System of Texas raised its stake in Qorvo by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 13,515 shares of the semiconductor company’s stock worth $1,148,000 after buying an additional 220 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in Qorvo by 0.7% in the second quarter. Maryland State Retirement & Pension System now owns 31,850 shares of the semiconductor company’s stock worth $2,704,000 after buying an additional 232 shares in the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Paul J. Fego sold 13,612 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total value of $1,293,140.00. Following the transaction, the senior vice president owned 54,558 shares in the company, valued at approximately $5,183,010. This represents a 19.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Morgan Stanley set a $110.00 price objective on Qorvo and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Wall Street Zen upgraded Qorvo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Argus raised Qorvo to a “hold” rating in a research note on Wednesday, November 5th. Stifel Nicolaus set a $88.00 price objective on Qorvo and gave the stock a “hold” rating in a report on Wednesday, July 30th. Finally, Benchmark raised their price objective on Qorvo from $95.00 to $125.00 and gave the company a “buy” rating in a research report 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $102.00.

Qorvo Trading Up 3.1%

NASDAQ QRVO opened at $81.69 on Friday. Qorvo, Inc. has a 12 month low of $49.46 and a 12 month high of $106.30. The company has a current ratio of 2.95, a quick ratio of 2.20 and a debt-to-equity ratio of 0.44. The stock’s fifty day moving average price is $89.67 and its 200-day moving average price is $86.13. The stock has a market cap of $7.55 billion, a P/E ratio of 35.36, a P/E/G ratio of 1.44 and a beta of 1.44.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter. During the same quarter in the previous year, the firm earned $1.88 EPS. The business’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, equities analysts forecast 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.