Mirabella Financial Services LLP Buys New Holdings in Qorvo, Inc. $QRVO

Mirabella Financial Services LLP purchased a new position in shares of Qorvo, Inc. (NASDAQ:QRVO) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 18,362 shares of the semiconductor company’s stock, valued at approximately $1,559,000.

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

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 stock was 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 of the company’s stock, valued at approximately $5,183,010. This represents a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by corporate insiders.

Qorvo Price Performance

Shares of NASDAQ QRVO opened at $88.97 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.95 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average price is $88.82 and its two-hundred day moving average price is $86.79. The company has a market cap of $8.22 billion, a PE ratio of 38.52, a price-to-earnings-growth ratio of 1.62 and a beta of 1.37. Qorvo, Inc. has a twelve month low of $49.46 and a twelve month high of $106.30.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.19. Qorvo had a return on equity of 13.30% and a net margin of 5.95%.The business had revenue of $1.06 billion for the quarter. During the same quarter last year, the company posted $1.88 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. On average, analysts predict that Qorvo, Inc. will post 4.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on QRVO. Cfra restated a “hold” rating and set a $122.00 price objective on shares of Qorvo in a report on Tuesday, October 28th. Cfra Research raised Qorvo to a “hold” rating in a research report on Tuesday, October 28th. Citigroup raised shares of Qorvo from a “sell” rating to a “neutral” rating and raised their price target for the stock from $70.00 to $105.00 in a research note on Tuesday, October 28th. Argus raised shares of Qorvo to a “hold” rating in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and raised their target price for the company from $92.00 to $105.00 in a research report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $102.00.

Qorvo Company Profile

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.