Qorvo, Inc. $QRVO Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Qorvo, Inc. (NASDAQ:QRVO) by 2,687.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,464 shares of the semiconductor company’s stock after purchasing an additional 226,054 shares during the quarter. SG Americas Securities LLC’s holdings in Qorvo were worth $19,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in Qorvo in the second quarter valued at approximately $25,000. Nisa Investment Advisors LLC acquired a new position in shares of Qorvo during the third quarter worth $25,000. Winnow Wealth LLC acquired a new position in shares of Qorvo during the third quarter worth $27,000. Stance Capital LLC purchased a new position in shares of Qorvo in the third quarter valued at $27,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of Qorvo in the third quarter valued at $34,000. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on QRVO shares. Citigroup cut their price objective on shares of Qorvo from $105.00 to $90.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Susquehanna lowered their target price on Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Morgan Stanley set a $84.00 target price on Qorvo in a research report on Wednesday, January 28th. UBS Group cut their price target 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, Mizuho lowered their price objective on Qorvo from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $93.88.

Qorvo Stock Performance

Shares of QRVO stock opened at $77.35 on Friday. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 1.40 and a beta of 1.35. Qorvo, Inc. has a one year low of $49.46 and a one year high of $106.30. The company’s 50-day simple moving average is $80.73 and its 200-day simple moving average is $85.40. 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 data on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The firm 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 earned $1.61 earnings per share. Qorvo’s quarterly revenue was up 8.4% on a year-over-year basis. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities analysts anticipate that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

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.