Vinva Investment Management Ltd Takes $507,000 Position in Qorvo, Inc. $QRVO

Vinva Investment Management Ltd bought a new position in Qorvo, Inc. (NASDAQ:QRVO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,976 shares of the semiconductor company’s stock, valued at approximately $507,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jericho Capital Asset Management L.P. bought a new position in Qorvo in the 1st quarter valued at $168,980,000. Contour Asset Management LLC acquired a new stake in shares of Qorvo in the first quarter valued at $151,698,000. LSV Asset Management raised its holdings in shares of Qorvo by 118.0% in the second quarter. LSV Asset Management now owns 1,382,970 shares of the semiconductor company’s stock valued at $117,428,000 after buying an additional 748,589 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Qorvo by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 897,678 shares of the semiconductor company’s stock valued at $76,222,000 after buying an additional 8,864 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Qorvo by 82.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 763,654 shares of the semiconductor company’s stock worth $64,842,000 after buying an additional 345,929 shares in the last quarter. 88.57% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Qorvo

In other news, SVP Paul J. Fego sold 13,612 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the completion of the transaction, the senior vice president directly owned 54,558 shares in the company, valued at approximately $5,183,010. The trade was a 19.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on QRVO shares. Wall Street Zen upgraded shares of Qorvo from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Argus raised shares of Qorvo to a “hold” rating in a report on Wednesday, November 5th. Mizuho upgraded shares of Qorvo from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $93.00 in a research report on Tuesday, November 11th. Cfra reiterated a “hold” rating and issued a $122.00 price objective on shares of Qorvo in a research report on Tuesday, October 28th. Finally, Citigroup raised Qorvo from a “sell” rating to a “neutral” rating and lifted their target price for the company from $70.00 to $105.00 in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.00.

Qorvo Price Performance

QRVO opened at $85.91 on Friday. The company has a fifty day moving average price of $89.31 and a two-hundred day moving average price of $86.59. The firm has a market capitalization of $7.94 billion, a PE ratio of 37.19, a P/E/G ratio of 1.56 and a beta of 1.44. Qorvo, Inc. has a 52 week low of $49.46 and a 52 week high of $106.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.20 and a current ratio of 2.95.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the business earned $1.88 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. As a group, analysts anticipate that Qorvo, Inc. will post 4.09 earnings per share for the current year.

About Qorvo

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.