FORA Capital LLC Has $2 Million Holdings in Qorvo, Inc. $QRVO

Key Points

• FORA Capital LLC increased its holdings in Qorvo, Inc. by 232.3%, acquiring an additional 19,331 shares, bringing its total to 27,654 shares valued at approximately $2 million.
• Qorvo reported an earnings surprise for its latest quarter, posting $0.92 EPS, surpassing analysts' expectations of $0.62, despite a 7.7% decline in quarterly revenue year-over-year.
• Analysts have a mixed outlook on Qorvo, with five rating the stock as a "Buy," ten as a "Hold," and three as a "Sell," resulting in an average price target of $95.35.

FORA Capital LLC boosted its stake in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 232.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,654 shares of the semiconductor company's stock after buying an additional 19,331 shares during the period. FORA Capital LLC's holdings in Qorvo were worth $2,002,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Qorvo by 10.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,561 shares of the semiconductor company's stock valued at $547,000 after purchasing an additional 717 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Qorvo during the first quarter valued at $963,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Qorvo by 36.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 38,576 shares of the semiconductor company's stock valued at $2,786,000 after purchasing an additional 10,209 shares during the period. Cetera Investment Advisers increased its holdings in shares of Qorvo by 22.3% during the fourth quarter. Cetera Investment Advisers now owns 10,364 shares of the semiconductor company's stock valued at $725,000 after purchasing an additional 1,892 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Qorvo by 99.1% during the first quarter. GAMMA Investing LLC now owns 3,665 shares of the semiconductor company's stock valued at $265,000 after purchasing an additional 1,824 shares during the period. 88.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Piper Sandler raised their price target on Qorvo from $110.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. UBS Group set a $100.00 target price on Qorvo and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Susquehanna reaffirmed a "neutral" rating and set a $95.00 target price (up from $90.00) on shares of Qorvo in a report on Wednesday, July 30th. The Goldman Sachs Group began coverage on Qorvo in a report on Thursday, July 10th. They set a "neutral" rating and a $90.00 target price on the stock. Finally, Loop Capital lifted their target price on Qorvo from $75.00 to $90.00 and gave the stock a "hold" rating in a report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $95.35.

Qorvo Trading Down 0.9%

Shares of NASDAQ:QRVO traded down $0.79 during midday trading on Monday, reaching $90.70. The company had a trading volume of 1,451,497 shares, compared to its average volume of 1,466,318. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.81. Qorvo, Inc. has a 1-year low of $49.46 and a 1-year high of $117.90. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 106.71, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. The company has a fifty day simple moving average of $87.35 and a two-hundred day simple moving average of $77.06.

Qorvo (NASDAQ:QRVO - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.30. Qorvo had a return on equity of 12.63% and a net margin of 2.21%.The business had revenue of $818.80 million during the quarter, compared to analyst estimates of $775.61 million. During the same quarter last year, the company posted $0.87 EPS. Qorvo's revenue for the quarter was down 7.7% on a year-over-year basis. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Research analysts predict that Qorvo, Inc. will post 4.09 earnings per share for the current year.

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.