Alliancebernstein L.P. Boosts Stock Holdings in Qorvo, Inc. $QRVO

Key Points

• Alliancebernstein L.P. has increased its stake in Qorvo, Inc. by 136.1%, acquiring an additional 155,987 shares to reach a total of 270,564 shares valued at approximately $19.6 million.
• Several institutional investors have also made significant transactions regarding Qorvo stock, with 88.57% of the stock now owned by institutional investors.
• Qorvo recently reported a quarterly earnings increase, with earnings per share of $0.92, surpassing the analyst consensus of $0.62, though the revenue decreased by 7.7% year-over-year.

Alliancebernstein L.P. increased its stake in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 136.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,564 shares of the semiconductor company's stock after purchasing an additional 155,987 shares during the quarter. Alliancebernstein L.P. owned approximately 0.29% of Qorvo worth $19,592,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its holdings in Qorvo by 22.3% in the fourth quarter. Cetera Investment Advisers now owns 10,364 shares of the semiconductor company's stock worth $725,000 after purchasing an additional 1,892 shares in the last quarter. Ethic Inc. raised its stake in shares of Qorvo by 6.6% during the 4th quarter. Ethic Inc. now owns 14,926 shares of the semiconductor company's stock worth $1,044,000 after acquiring an additional 921 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Qorvo by 1,137.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 101,542 shares of the semiconductor company's stock valued at $7,101,000 after acquiring an additional 93,334 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in Qorvo in the fourth quarter valued at approximately $522,000. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in Qorvo by 2.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 32,344 shares of the semiconductor company's stock valued at $2,310,000 after acquiring an additional 889 shares in the last quarter. Institutional investors own 88.57% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on QRVO shares. Benchmark upped their price target on Qorvo from $95.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Mizuho set a $84.00 target price on Qorvo and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Craig Hallum reiterated a "buy" rating on shares of Qorvo in a research note on Wednesday, July 30th. Citigroup reissued a "sell" rating on shares of Qorvo in a report on Wednesday, September 10th. Finally, Susquehanna reaffirmed a "neutral" rating and issued a $95.00 price objective (up from $90.00) on shares of Qorvo in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Qorvo currently has a consensus rating of "Hold" and a consensus target price of $95.35.

Qorvo Stock Performance

QRVO traded up $0.53 during trading on Tuesday, reaching $86.94. 1,635,337 shares of the company's stock were exchanged, compared to its average volume of 1,545,275. The company's fifty day simple moving average is $88.61 and its 200-day simple moving average is $78.24. The stock has a market capitalization of $8.05 billion, a P/E ratio of 102.28, a price-to-earnings-growth ratio of 1.69 and a beta of 1.39. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.81 and a quick ratio of 2.01. Qorvo, Inc. has a 1 year low of $49.46 and a 1 year high of $107.33.

Qorvo (NASDAQ:QRVO - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.30. Qorvo had a net margin of 2.21% and a return on equity of 12.63%. The firm had revenue of $818.80 million for the quarter, compared to analyst estimates of $775.61 million. During the same quarter in the prior year, the business earned $0.87 earnings per share. The business's quarterly revenue was down 7.7% compared to the same quarter last year. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. As a group, research analysts predict that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Qorvo 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.