Wolverine Asset Management LLC Takes Position in Qorvo, Inc. $QRVO

Wolverine Asset Management LLC acquired a new stake in Qorvo, Inc. (NASDAQ:QRVO) during the 4th quarter, Holdings Channel.com reports. The fund acquired 13,400 shares of the semiconductor company’s stock, valued at approximately $1,132,000.

Other large investors have also made changes to their positions in the company. Marshall Wace LLP boosted its holdings in Qorvo by 16,066.5% in the third quarter. Marshall Wace LLP now owns 814,630 shares of the semiconductor company’s stock valued at $74,197,000 after purchasing an additional 809,591 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Qorvo in the third quarter valued at $66,594,000. Dorsal Capital Management LP boosted its holdings in Qorvo by 146.9% in the third quarter. Dorsal Capital Management LP now owns 1,000,000 shares of the semiconductor company’s stock valued at $91,080,000 after purchasing an additional 595,000 shares during the last quarter. Voloridge Investment Management LLC boosted its holdings in Qorvo by 2,502.2% in the third quarter. Voloridge Investment Management LLC now owns 553,596 shares of the semiconductor company’s stock valued at $50,422,000 after purchasing an additional 532,322 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in Qorvo by 63.6% in the second quarter. Rafferty Asset Management LLC now owns 1,214,482 shares of the semiconductor company’s stock valued at $103,122,000 after purchasing an additional 472,211 shares during the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on QRVO shares. Barclays upgraded Qorvo from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $95.00 to $100.00 in a research note on Wednesday, April 22nd. Wolfe Research downgraded Qorvo from an “outperform” rating to a “peer perform” rating in a research note on Friday, April 17th. Benchmark restated a “hold” rating on shares of Qorvo in a research note on Wednesday, January 28th. Morgan Stanley set a $84.00 target price on Qorvo in a research note on Wednesday, January 28th. Finally, TD Cowen lowered their target price on Qorvo from $95.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $93.94.

Key Headlines Impacting Qorvo

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Q4 beat: Qorvo reported non‑GAAP EPS of $1.69 vs. consensus ~$1.21 and revenue of $808.3M vs. ~$801M — an earnings surprise of ~40% and a modest revenue beat. This drove near‑term bullish trading. Qorvo (QRVO) Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Raised FY‑2027 guidance: Management set FY‑2027 EPS at $7.00 (midpoint = $7.00), above the Street consensus (~$6.53), which supports a re‑rating of the stock if execution continues. Qorvo® Announces Fiscal 2026 Fourth Quarter Financial Results
• Neutral Sentiment: GAAP vs. non‑GAAP mix: GAAP EPS was $0.32 while non‑GAAP metrics (gross margin 52.6%, operating income $190.2M) look stronger — investors should watch whether the non‑GAAP performance is sustainable. Qorvo® Announces Fiscal 2026 Fourth Quarter Financial Results
• Neutral Sentiment: Recent momentum and valuation scrutiny: QRVO has shown a short‑term rally, prompting analysts and investors to recheck valuation vs. the stock’s longer‑term performance. That momentum can amplify moves but raises expectations. Qorvo (QRVO) Valuation Check After Recent Share Price Momentum
• Negative Sentiment: Revenue decline and inventory: Revenue was down ~7% year‑over‑year and the company flagged higher inventories — a potential short‑term drag on margins and a warning sign for demand trends. Qorvo (NASDAQ:QRVO) Q1: Beats On Revenue But Inventory Levels Increase
• Negative Sentiment: Top‑line contraction vs. EPS beat: The EPS beat was largely driven by margin/non‑GAAP adjustments and cost control rather than top‑line growth, leaving the stock exposed if revenue trends don’t stabilize. Compared to Estimates, Qorvo (QRVO) Q4 Earnings: A Look at Key Metrics

Qorvo Stock Performance

Shares of NASDAQ QRVO opened at $96.35 on Wednesday. The company’s fifty day moving average price is $81.03 and its 200 day moving average price is $83.95. Qorvo, Inc. has a 1 year low of $69.03 and a 1 year high of $106.30. The company has a market capitalization of $8.93 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 1.46 and a beta of 1.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.89 and a current ratio of 3.67.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.48. The firm had revenue of $808.30 million for the quarter, compared to the consensus estimate of $801.31 million. Qorvo had a net margin of 9.11% and a return on equity of 14.57%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.42 earnings per share. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. On average, research analysts predict that Qorvo, Inc. will post 5.29 earnings per share for the current year.

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.