Qorvo, Inc. $QRVO Shares Sold by Vulcan Value Partners LLC

Vulcan Value Partners LLC lowered its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,103,354 shares of the semiconductor company’s stock after selling 94,011 shares during the period. Qorvo accounts for approximately 1.7% of Vulcan Value Partners LLC’s portfolio, making the stock its 18th biggest holding. Vulcan Value Partners LLC’s holdings in Qorvo were worth $93,291,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fred Alger Management LLC grew its position in shares of Qorvo by 5.3% in the third quarter. Fred Alger Management LLC now owns 3,179 shares of the semiconductor company’s stock valued at $290,000 after purchasing an additional 160 shares during the period. Beacon Investment Advisory Services Inc. grew its holdings in shares of Qorvo by 5.7% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 3,001 shares of the semiconductor company’s stock worth $254,000 after purchasing an additional 161 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Qorvo by 60.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 180 shares in the last quarter. Larson Financial Group LLC increased its holdings in Qorvo by 14.6% in the 4th quarter. Larson Financial Group LLC now owns 1,483 shares of the semiconductor company’s stock valued at $125,000 after purchasing an additional 189 shares in the last quarter. Finally, Lido Advisors LLC grew its stake in shares of Qorvo by 4.1% in the fourth quarter. Lido Advisors LLC now owns 4,816 shares of the semiconductor company’s stock valued at $431,000 after buying an additional 191 shares in the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

Qorvo Price Performance

Shares of NASDAQ QRVO opened at $98.42 on Friday. Qorvo, Inc. has a twelve month low of $74.92 and a twelve month high of $109.49. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.53 and a beta of 1.43. The firm has a 50-day moving average of $93.40 and a two-hundred day moving average of $86.21. The company has a current ratio of 3.24, a quick ratio of 2.46 and a debt-to-equity ratio of 0.46.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.48. The firm had revenue of $808.28 million for the quarter, compared to analyst estimates of $801.31 million. Qorvo had a net margin of 9.22% and a return on equity of 15.32%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.42 earnings per share. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. As a group, analysts expect that Qorvo, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

QRVO has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qorvo in a report on Monday, April 27th. Craig Hallum reissued a “buy” rating and set a $120.00 price target on shares of Qorvo in a research report 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. JPMorgan Chase & Co. increased their target price on Qorvo from $85.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, UBS Group lifted their price target on Qorvo from $87.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Qorvo has a consensus rating of “Hold” and an average price target of $96.62.

Insiders Place Their Bets

In related news, 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 completion of the sale, the senior vice president directly owned 71,038 shares in the company, valued at approximately $7,103,800. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Gina Harrison sold 4,714 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $100.00, for a total transaction 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,966,127 shares of company stock worth $198,911,103. 0.41% of the stock is currently 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.