Comerica Bank Has $1.63 Million Holdings in Qorvo, Inc. $QRVO

Key Points

• Comerica Bank cut its stake in Qorvo by 49.9% in the 4th quarter, selling 19,197 shares and retaining 19,269 shares worth about $1.63 million.
• Qorvo beat fiscal Q4 EPS ($1.69 vs. $1.21 est.) and topped revenue estimates, but revenue was down ~7% year‑over‑year and management flagged higher inventory, creating mixed near‑term outlooks.
• Analysts are broadly cautious — the consensus rating is a "Hold" with a $96.63 target, though JPMorgan and Citigroup recently raised price targets to $100 amid the earnings beat while several firms cut ratings or objectives.

Comerica Bank reduced its position in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 49.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,269 shares of the semiconductor company's stock after selling 19,197 shares during the period. Comerica Bank's holdings in Qorvo were worth $1,628,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Sage Rhino Capital LLC increased its holdings in shares of Qorvo by 4.4% during the 3rd quarter. Sage Rhino Capital LLC now owns 3,758 shares of the semiconductor company's stock valued at $342,000 after acquiring an additional 160 shares during the last quarter. Fred Alger Management LLC grew its holdings in Qorvo by 5.3% in the 3rd quarter. Fred Alger Management LLC now owns 3,179 shares of the semiconductor company's stock valued at $290,000 after buying an additional 160 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in Qorvo by 5.7% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 3,001 shares of the semiconductor company's stock valued at $254,000 after buying an additional 161 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Qorvo by 4.5% in the 3rd quarter. Versant Capital Management Inc now owns 4,139 shares of the semiconductor company's stock worth $377,000 after acquiring an additional 177 shares during the period. Finally, NorthCrest Asset Manangement LLC lifted its position in shares of Qorvo by 0.3% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 62,938 shares of the semiconductor company's stock worth $5,479,000 after acquiring an additional 194 shares during the period. Institutional investors and hedge funds own 88.57% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on QRVO shares. Mizuho restated an "underperform" rating and set a $66.00 target price (down from $70.00) on shares of Qorvo in a research report on Monday, April 20th. TD Cowen cut their price objective on Qorvo from $95.00 to $80.00 and set a "hold" rating for the company in a research report on Wednesday, January 28th. Wolfe Research cut Qorvo from an "outperform" rating to a "peer perform" rating in a research note on Friday, April 17th. Benchmark reissued a "hold" rating on shares of Qorvo in a research note on Wednesday, January 28th. Finally, Zacks Research downgraded Qorvo from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 16th. Three analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Qorvo currently has a consensus rating of "Hold" and a consensus target price of $96.63.

Qorvo News Summary

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Qorvo reported fiscal Q4 results that beat EPS and revenue expectations, driven by stronger margins, cost control and favorable product mix—this is the primary catalyst for the stock move. Qorvo® Announces Fiscal 2026 Fourth Quarter Financial Results
• Positive Sentiment: JPMorgan raised its price target on QRVO from $85 to $100 (keeping a neutral rating), signaling ~12% upside versus recent levels and reinforcing analyst confidence after the quarter. Qorvo NASDAQ: QRVO Given New $100.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Citigroup also raised its price target to $100 while maintaining a neutral rating, aligning with JPMorgan’s upgrade in target level and supporting upside expectations. Benzinga
• Neutral Sentiment: Broader chip‑stock action is mixed — sector rallies (led by some peers) coexist with uneven performers; this creates crosscurrents for QRVO that may amplify volatility but not change the company’s fundamentals. Nvidia Shares Are Having a Great Day. It’s Still One of the Year’s Worst in Chip Stocks.
• Negative Sentiment: Despite the beat, revenue fell ~7% year‑over‑year and management flagged higher inventory levels — risks that could pressure near‑term revenue growth and margin durability if end‑market demand remains soft. Qorvo Q4 Earnings Surpass Estimates Despite Lower Revenue Growth

Qorvo Stock Performance

QRVO stock opened at $88.97 on Friday. The business's 50-day moving average price is $81.28 and its two-hundred day moving average price is $83.91. The company has a current ratio of 3.24, a quick ratio of 2.89 and a debt-to-equity ratio of 0.46. The firm has a market cap of $8.25 billion, a PE ratio of 24.58, a P/E/G ratio of 1.40 and a beta of 1.42. Qorvo, Inc. has a 1-year low of $71.64 and a 1-year high of $106.30.

Qorvo (NASDAQ:QRVO - Get Free Report) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.48. The firm had revenue of $808.30 million for the quarter, compared to analyst estimates of $801.31 million. Qorvo had a return on equity of 15.32% and a net margin of 9.22%.The company's revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 earnings per share. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. As a group, research analysts forecast that Qorvo, Inc. will post 5.8 earnings per share for the current year.

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.

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