Crossmark Global Holdings Inc. Has $2.56 Million Stock Holdings in Qorvo, Inc. $QRVO

Key Points

• Crossmark Global Holdings boosted its stake in Qorvo by 599.1% in Q3, ending the period with 28,047 shares worth about $2.56 million after buying 24,035 additional shares.
• Qorvo reported stronger-than-expected results — $2.17 EPS vs $1.93 expected and $993M revenue (up 8.4% YoY) — and set Q4 2026 guidance of 1.05–1.35 EPS while analysts project about 4.09 EPS for the year.
• Institutional ownership is high at roughly 88.6%, with large investors (Vanguard, State Street, Norges Bank, Dimensional) increasing positions, yet the Street consensus remains a "Hold" with an average target of $93.88.

Crossmark Global Holdings Inc. lifted its position in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 599.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,047 shares of the semiconductor company's stock after purchasing an additional 24,035 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Qorvo were worth $2,555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Qorvo by 0.9% during the third quarter. Vanguard Group Inc. now owns 11,105,104 shares of the semiconductor company's stock worth $1,011,453,000 after acquiring an additional 100,058 shares in the last quarter. State Street Corp increased its holdings in shares of Qorvo by 5.0% in the second quarter. State Street Corp now owns 3,704,113 shares of the semiconductor company's stock worth $314,516,000 after acquiring an additional 175,031 shares in the last quarter. Norges Bank bought a new stake in shares of Qorvo in the second quarter worth about $153,994,000. Dimensional Fund Advisors LP raised its position in shares of Qorvo by 16.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,727,103 shares of the semiconductor company's stock worth $157,298,000 after purchasing an additional 243,147 shares during the period. Finally, LSV Asset Management raised its position in shares of Qorvo by 10.0% during the third quarter. LSV Asset Management now owns 1,520,856 shares of the semiconductor company's stock worth $138,520,000 after purchasing an additional 137,886 shares during the period. Institutional investors and hedge funds own 88.57% of the company's stock.

Qorvo Stock Down 2.2%

QRVO stock opened at $77.64 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.67 and a quick ratio of 2.89. The stock has a market capitalization of $7.20 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.35 and a beta of 1.35. Qorvo, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $106.30. The business has a 50-day moving average of $82.19 and a 200-day moving average of $86.70.

Qorvo (NASDAQ:QRVO - Get Free Report) last announced its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The business had revenue of $993.00 million for the quarter, compared to analyst estimates of $984.10 million. During the same quarter last year, the firm earned $1.61 EPS. Qorvo's revenue for the quarter was up 8.4% compared to the same quarter last year. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. On average, sell-side analysts anticipate that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus decreased their price objective on Qorvo from $88.00 to $85.00 and set a "hold" rating for the company in a research report on Wednesday, January 28th. Citigroup dropped their target price on shares of Qorvo from $105.00 to $90.00 and set a "neutral" rating on the stock in a report on Wednesday, January 28th. Mizuho cut their price target on shares of Qorvo from $85.00 to $70.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 28th. Susquehanna reduced their price target on shares of Qorvo from $95.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, January 22nd. Finally, Craig Hallum lowered their price objective on shares of Qorvo from $110.00 to $95.00 and set a "buy" rating for the company in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating and eighteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, Qorvo presently has a consensus rating of "Hold" and an average target price of $93.88.

Qorvo Company Profile

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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