Quantbot Technologies LP Makes New $12.40 Million Investment in Qorvo, Inc. $QRVO

Quantbot Technologies LP bought a new stake in shares of Qorvo, Inc. (NASDAQ:QRVO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 136,181 shares of the semiconductor company’s stock, valued at approximately $12,403,000. Quantbot Technologies LP owned 0.15% of Qorvo as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC purchased a new position in Qorvo during the second quarter valued at approximately $25,000. Nisa Investment Advisors LLC bought a new stake in Qorvo during the 3rd quarter valued at $25,000. Winnow Wealth LLC purchased a new position in shares of Qorvo in the 3rd quarter valued at $27,000. Salomon & Ludwin LLC bought a new position in shares of Qorvo in the 3rd quarter worth $34,000. Finally, True Wealth Design LLC lifted its stake in shares of Qorvo by 560.3% during the 3rd quarter. True Wealth Design LLC now owns 416 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.

Qorvo Price Performance

Shares of QRVO opened at $82.90 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.89. The company’s fifty day moving average price is $82.74 and its 200-day moving average price is $87.06. Qorvo, Inc. has a 1-year low of $49.46 and a 1-year high of $106.30. The firm has a market capitalization of $7.69 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.43 and a beta of 1.37.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on QRVO shares. Susquehanna dropped their price objective on Qorvo from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. UBS Group cut their price objective on shares of Qorvo from $108.00 to $87.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 20th. Weiss Ratings raised shares of Qorvo from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, January 29th. Benchmark reaffirmed a “hold” rating on shares of Qorvo in a report on Wednesday, January 28th. Finally, Citigroup reduced their price target on Qorvo from $105.00 to $90.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $93.56.

About Qorvo

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.