Ossiam Has $41.54 Million Stock Holdings in Qorvo, Inc. $QRVO

Ossiam lifted its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 149.2% in the third quarter, Holdings Channel.com reports. The fund owned 456,067 shares of the semiconductor company’s stock after acquiring an additional 273,067 shares during the quarter. Ossiam’s holdings in Qorvo were worth $41,539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QRVO. Twin Peaks Wealth Advisors LLC bought a new position in Qorvo during the 2nd quarter worth approximately $25,000. Nisa Investment Advisors LLC bought a new stake in shares of Qorvo in the 3rd quarter valued at $25,000. Winnow Wealth LLC acquired a new stake in shares of Qorvo during the third quarter worth $27,000. Salomon & Ludwin LLC acquired a new stake in shares of Qorvo during the third quarter worth $34,000. Finally, True Wealth Design LLC raised its stake in Qorvo by 560.3% during the third quarter. True Wealth Design LLC now owns 416 shares of the semiconductor company’s stock worth $38,000 after buying an additional 353 shares during the last quarter. 88.57% of the stock is owned by institutional investors and hedge funds.

Qorvo Price Performance

Shares of NASDAQ QRVO opened at $78.12 on Friday. The company has a current ratio of 3.67, a quick ratio of 2.89 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $81.49 and its 200-day moving average price is $86.30. The firm has a market capitalization of $7.24 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.36 and a beta of 1.35. Qorvo, Inc. has a 1-year low of $49.46 and a 1-year high of $106.30.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $984.10 million. During the same period in the previous year, the company posted $1.61 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities research analysts anticipate that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

QRVO has been the topic of several recent analyst reports. TD Cowen dropped their target price on shares of Qorvo from $95.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Zacks Research upgraded Qorvo from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. Benchmark reissued a “hold” rating on shares of Qorvo in a research report on Wednesday, January 28th. UBS Group dropped their price objective on Qorvo from $108.00 to $87.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 20th. Finally, Weiss Ratings raised Qorvo from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.88.

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.