Callan Family Office LLC Invests $696,000 in Qorvo, Inc. $QRVO

Key Points

• Callan Family Office LLC has acquired a new stake in Qorvo, Inc. by purchasing 8,193 shares valued at approximately $696,000 in the second quarter.
• Institutional investors own a significant 88.57% of Qorvo's stock, with several large investors, including Maryland State Retirement & Pension System, increasing their positions in the company recently.
• Qorvo recently posted earnings results that exceeded estimates, reporting $0.92 EPS for the quarter, against a consensus estimate of $0.62, while its revenue dropped 7.7% year-over-year.

Callan Family Office LLC purchased a new position in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,193 shares of the semiconductor company's stock, valued at approximately $696,000.

Several other large investors also recently made changes to their positions in QRVO. Maryland State Retirement & Pension System grew its holdings in Qorvo by 0.7% in the 2nd quarter. Maryland State Retirement & Pension System now owns 31,850 shares of the semiconductor company's stock valued at $2,704,000 after buying an additional 232 shares during the last quarter. KLP Kapitalforvaltning AS lifted its holdings in shares of Qorvo by 4.6% during the second quarter. KLP Kapitalforvaltning AS now owns 18,200 shares of the semiconductor company's stock worth $1,545,000 after buying an additional 800 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Qorvo in the second quarter valued at approximately $43,000. F&V Capital Management LLC boosted its position in shares of Qorvo by 69.0% in the second quarter. F&V Capital Management LLC now owns 157,062 shares of the semiconductor company's stock valued at $13,336,000 after acquiring an additional 64,114 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Qorvo by 4.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 140,158 shares of the semiconductor company's stock valued at $11,901,000 after acquiring an additional 5,989 shares during the period. Institutional investors own 88.57% of the company's stock.

Insider Activity at Qorvo

In related news, SVP Paul J. Fego sold 13,612 shares of the firm's stock in a transaction that occurred on 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 owned 54,558 shares in the company, valued at $5,183,010. This trade represents a 19.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

QRVO has been the subject of several research reports. Craig Hallum reissued a "buy" rating on shares of Qorvo in a research report on Wednesday, July 30th. Citigroup reissued a "sell" rating on shares of Qorvo in a research report on Wednesday, September 10th. TD Cowen increased their price objective on Qorvo from $80.00 to $95.00 and gave the company a "hold" rating in a research report on Wednesday, July 30th. Susquehanna reissued 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. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Qorvo in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $95.35.

Qorvo Price Performance

Qorvo stock opened at $87.92 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.81 and a quick ratio of 2.01. The company has a market capitalization of $8.15 billion, a PE ratio of 103.44, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42. Qorvo, Inc. has a one year low of $49.46 and a one year high of $107.33. The business has a 50 day simple moving average of $90.18 and a 200 day simple moving average of $80.80.

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

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