3,000 Shares in Qorvo, Inc. $QRVO Acquired by Corient IA LLC

Key Points

• Corient IA LLC has invested approximately $217,000 in 3,000 shares of Qorvo, Inc. during the first quarter, marking a notable addition to their portfolio.
• Qorvo reported $0.92 EPS for the last quarter, exceeding analysts' expectations of $0.62, but showed a 7.7% decline in revenue year-over-year.
• Analysts have mixed ratings on Qorvo's stock, with a consensus rating of "Hold" and an average price target of $95.35.

Corient IA LLC bought a new position in Qorvo, Inc. (NASDAQ:QRVO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,000 shares of the semiconductor company's stock, valued at approximately $217,000.

Several other large investors also recently modified their holdings of the business. Ameriprise Financial Inc. grew its stake 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 purchasing an additional 1,816,811 shares during the last quarter. Vulcan Value Partners LLC grew its stake in shares of Qorvo by 53.7% in the fourth quarter. Vulcan Value Partners LLC now owns 2,581,296 shares of the semiconductor company's stock worth $180,487,000 after purchasing an additional 902,353 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Qorvo by 22.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,419,698 shares of the semiconductor company's stock worth $99,280,000 after purchasing an additional 264,167 shares during the last quarter. Woodline Partners LP grew its stake in shares of Qorvo by 31.3% in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Qorvo by 7.0% in 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 during the last quarter. 88.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on QRVO. TD Cowen raised their price objective on shares of Qorvo from $80.00 to $95.00 and gave the stock a "hold" rating in a report on Wednesday, July 30th. The Goldman Sachs Group began coverage on shares of Qorvo in a report on Thursday, July 10th. They issued a "neutral" rating and a $90.00 price objective for the company. Barclays raised their price objective on shares of Qorvo from $70.00 to $90.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Benchmark raised their price objective on shares of Qorvo from $95.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, UBS Group set a $100.00 price objective on shares of Qorvo and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $95.35.

Qorvo Stock Up 4.4%

Shares of QRVO stock traded up $3.88 during trading hours on Friday, hitting $92.95. 1,870,274 shares of the company's stock traded hands, compared to its average volume of 1,984,301. The stock's fifty day simple moving average is $86.21 and its two-hundred day simple moving average is $76.55. Qorvo, Inc. has a 12-month low of $49.46 and a 12-month high of $117.90. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 109.35, a PEG ratio of 1.81 and a beta of 1.35. The company has a quick ratio of 2.01, a current ratio of 2.81 and a debt-to-equity ratio of 0.45.

Qorvo (NASDAQ:QRVO - Get Free Report) last released its earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $775.61 million. During the same period last year, the business earned $0.87 earnings per share. The business's 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, analysts expect that Qorvo, Inc. will post 4.09 EPS for the current year.

Qorvo Company 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.