Caxton Associates LLP Has $13.74 Million Stock Holdings in Qorvo, Inc. $QRVO

Caxton Associates LLP increased its holdings in shares of Qorvo, Inc. (NASDAQ:QRVO) by 2,359.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,499 shares of the semiconductor company’s stock after buying an additional 170,283 shares during the quarter. Caxton Associates LLP’s holdings in Qorvo were worth $13,738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. AQR Arbitrage LLC purchased a new stake in Qorvo in the 4th quarter worth about $118,204,000. Norges Bank acquired a new stake in Qorvo during the 4th quarter worth about $92,430,000. Marshall Wace LLP grew its stake in Qorvo by 16,066.5% during the 3rd quarter. Marshall Wace LLP now owns 814,630 shares of the semiconductor company’s stock valued at $74,197,000 after acquiring an additional 809,591 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Qorvo during the 3rd quarter valued at about $66,594,000. Finally, Magnetar Financial LLC increased its holdings in shares of Qorvo by 12,037.4% in the 4th quarter. Magnetar Financial LLC now owns 542,786 shares of the semiconductor company’s stock valued at $45,871,000 after purchasing an additional 538,314 shares during the period. 88.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Qorvo from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. boosted their price objective on shares of Qorvo from $85.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Craig Hallum reiterated a “buy” rating and issued a $120.00 price objective on shares of Qorvo in a research note on Wednesday, May 6th. Wolfe Research lowered shares of Qorvo from an “outperform” rating to a “peer perform” rating in a research note on Friday, April 17th. Finally, Mizuho reiterated an “underperform” rating and issued a $66.00 target price (down from $70.00) on shares of Qorvo in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Qorvo has an average rating of “Hold” and a consensus price target of $97.07.

Qorvo Stock Performance

Shares of NASDAQ QRVO opened at $86.73 on Friday. The business’s 50-day moving average price is $94.78 and its two-hundred day moving average price is $86.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.24 and a quick ratio of 2.46. Qorvo, Inc. has a one year low of $74.92 and a one year high of $109.49. The company has a market capitalization of $7.65 billion, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.48. Qorvo had a return on equity of 15.32% and a net margin of 9.22%.The company had revenue of $808.28 million during the quarter, compared to the consensus estimate of $801.31 million. During the same period last year, the business earned $1.42 EPS. The business’s quarterly revenue was down 7.0% on a year-over-year basis. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. Analysts anticipate that Qorvo, Inc. will post 5.83 earnings per share for the current fiscal year.

Insider Transactions at Qorvo

In related news, VP Gina Harrison sold 4,714 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $100.00, for a total value of $471,400.00. Following the transaction, the vice president owned 24,429 shares in the company, valued at approximately $2,442,900. This represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Paul J. Fego sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the transaction, the senior vice president directly owned 71,038 shares in the company, valued at approximately $7,103,800. The trade was a 3.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,966,127 shares of company stock worth $198,911,103. 0.49% of the stock is owned by corporate insiders.

Qorvo Company 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.