Deutsche Bank AG Has $11.44 Million Stake in Qorvo, Inc. $QRVO

Key Points

• Deutsche Bank AG reduced its stake in Qorvo, Inc. by 39.9% in the first quarter, owning 157,993 shares valued at approximately $11.44 million.
• Qorvo reported a quarterly EPS of $0.92, exceeding analyst expectations of $0.62, despite a 7.7% year-over-year decline in revenue.
• Analysts have a consensus rating of "Hold" for Qorvo, with a price target averaging $95.35.

Deutsche Bank AG trimmed its holdings in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 39.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,993 shares of the semiconductor company's stock after selling 104,709 shares during the quarter. Deutsche Bank AG owned about 0.17% of Qorvo worth $11,440,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of QRVO. Signaturefd LLC boosted its holdings in Qorvo by 34.6% during the first quarter. Signaturefd LLC now owns 662 shares of the semiconductor company's stock valued at $48,000 after acquiring an additional 170 shares during the period. Larson Financial Group LLC boosted its holdings in Qorvo by 222.6% during the first quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 296 shares during the period. City Holding Co. bought a new stake in Qorvo during the first quarter valued at about $25,000. Curat Global LLC bought a new stake in Qorvo during the first quarter valued at about $34,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Qorvo during the first quarter valued at about $34,000. 88.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QRVO has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Qorvo from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Citigroup restated a "sell" rating on shares of Qorvo in a report on Tuesday, June 10th. Mizuho set a $84.00 target price on shares of Qorvo and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Loop Capital increased their target price on shares of Qorvo from $75.00 to $90.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus set a $88.00 target price on shares of Qorvo and gave the company a "hold" rating in a research note on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $95.35.

Qorvo Price Performance

QRVO traded up $0.2040 during midday trading on Tuesday, reaching $89.4540. 118,135 shares of the company's stock were exchanged, compared to its average volume of 2,388,123. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 105.21, a price-to-earnings-growth ratio of 1.74 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, Inc. has a one year low of $49.46 and a one year high of $117.90. The business has a 50-day simple moving average of $85.53 and a two-hundred day simple moving average of $76.30.

Qorvo (NASDAQ:QRVO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.30. The firm had revenue of $818.80 million during the quarter, compared to analysts' expectations of $775.61 million. Qorvo had a net margin of 2.21% and a return on equity of 12.63%. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 earnings per share. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. As a group, research analysts predict 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.