Corient IA LLC Acquires New Stake in Qorvo, Inc. $QRVO

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 purchased a new position in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,000 shares of the semiconductor company's stock, valued at approximately $217,000.

Other large investors have also modified their holdings of the company. City Holding Co. purchased a new stake in shares of Qorvo during the first quarter worth about $25,000. Larson Financial Group LLC boosted its position in Qorvo by 222.6% in the first quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company's stock valued at $31,000 after buying an additional 296 shares during the last quarter. Curat Global LLC purchased a new stake in Qorvo in the first quarter valued at approximately $34,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Qorvo in the first quarter valued at approximately $34,000. Finally, Signaturefd LLC boosted its position in Qorvo by 34.6% in the first quarter. Signaturefd LLC now owns 662 shares of the semiconductor company's stock valued at $48,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 88.57% of the company's stock.

Qorvo Price Performance

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 were exchanged, compared to its average volume of 1,984,179. The company has a quick ratio of 2.01, a current ratio of 2.81 and a debt-to-equity ratio of 0.45. The firm has a market cap of $8.61 billion, a P/E ratio of 109.35, a P/E/G ratio of 1.74 and a beta of 1.35. The firm has a 50 day moving average of $86.21 and a two-hundred day moving average of $76.60. Qorvo, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $117.90.

Qorvo (NASDAQ:QRVO - Get Free Report) last announced its earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share 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%.The business's quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Sell-side analysts forecast that Qorvo, Inc. will post 4.09 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on QRVO shares. The Goldman Sachs Group started coverage on Qorvo in a research report on Thursday, July 10th. They issued a "neutral" rating and a $90.00 target price on the stock. Loop Capital upped their target price on Qorvo from $75.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, July 30th. Craig Hallum reiterated a "buy" rating on shares of Qorvo in a research report on Wednesday, July 30th. TD Cowen upped their price objective on Qorvo from $80.00 to $95.00 and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Finally, Benchmark upped their price objective on Qorvo from $95.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $95.35.

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.