Qorvo, Inc. $QRVO Stock Holdings Cut by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. has reduced its holdings in Qorvo, Inc. by 9.2%, now owning 50,200 shares valued at approximately $3.37 million.
• Qorvo reported better-than-expected earnings for the last quarter, with an EPS of $0.92 against analysts' estimates of $0.62, despite a 7.7% decline in revenue year-over-year.
• Institutional investors now hold 88.57% of Qorvo's stock, reflecting significant interest from various hedge funds and institutional investors in recent quarters.

APG Asset Management N.V. lowered its holdings in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 9.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,200 shares of the semiconductor company's stock after selling 5,115 shares during the period. APG Asset Management N.V. owned approximately 0.05% of Qorvo worth $3,365,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Ameriprise Financial Inc. increased its position in shares of Qorvo by 102.0% in the fourth quarter. Ameriprise Financial Inc. now owns 3,597,546 shares of the semiconductor company's stock worth $251,577,000 after acquiring an additional 1,816,811 shares in the last quarter. Woodline Partners LP lifted its position in shares of Qorvo by 31.3% during the fourth quarter. Woodline Partners LP now owns 968,103 shares of the semiconductor company's stock worth $67,699,000 after purchasing an additional 230,710 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Qorvo by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 888,814 shares of the semiconductor company's stock worth $64,359,000 after purchasing an additional 57,838 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Qorvo by 20.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 682,076 shares of the semiconductor company's stock worth $47,698,000 after purchasing an additional 117,053 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Qorvo by 114.4% during the first quarter. LSV Asset Management now owns 634,381 shares of the semiconductor company's stock worth $45,936,000 after purchasing an additional 338,521 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company's stock.

Qorvo Stock Performance

Shares of NASDAQ QRVO traded down $0.79 during trading on Monday, reaching $90.70. The stock had a trading volume of 1,451,497 shares, compared to its average volume of 1,466,318. Qorvo, Inc. has a one year low of $49.46 and a one year high of $117.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.81. The stock has a market cap of $8.40 billion, a PE ratio of 106.71, a P/E/G ratio of 1.77 and a beta of 1.39. The firm's 50 day moving average price is $87.55 and its two-hundred day moving average price is $77.16.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup reissued a "sell" rating on shares of Qorvo in a research report on Tuesday, June 10th. Benchmark boosted their target price on shares of 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 shares of Qorvo and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Stifel Nicolaus set a $88.00 target price on Qorvo and gave the company a "hold" rating in a research note on Wednesday, July 30th. Finally, Loop Capital increased their target price on Qorvo from $75.00 to $90.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $95.35.

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.