F&V Capital Management LLC Acquires 64,114 Shares of Qorvo, Inc. $QRVO

Key Points

• F&V Capital Management LLC increased its holdings in Qorvo, Inc. by 69.0% in Q2, now owning 157,062 shares, which represents approximately 3.4% of its investment portfolio.
• The semiconductor company reported earnings of $0.92 per share, exceeding analysts' estimates, and recorded a revenue of $818.8 million, which is a 7.7% decline compared to the previous year.
• According to analysts' ratings, Qorvo has a consensus rating of "Hold" with an average price target of $95.35, while several firms increased their target prices following recent performance.

F&V Capital Management LLC grew its holdings in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 69.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 157,062 shares of the semiconductor company's stock after acquiring an additional 64,114 shares during the quarter. Qorvo accounts for approximately 3.4% of F&V Capital Management LLC's investment portfolio, making the stock its 15th biggest position. F&V Capital Management LLC owned about 0.17% of Qorvo worth $13,336,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of QRVO. City Holding Co. bought a new stake in shares of Qorvo in the first quarter valued at about $25,000. Banque Transatlantique SA bought a new stake in shares of Qorvo in the first quarter valued at about $27,000. Larson Financial Group LLC boosted its position in shares of 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 acquiring an additional 296 shares during the period. Curat Global LLC bought a new stake in shares of Qorvo in the first quarter valued at about $34,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Qorvo in the first quarter valued at about $34,000. Institutional investors own 88.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Piper Sandler boosted their target price on shares of Qorvo from $110.00 to $125.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Citigroup reaffirmed a "sell" rating on shares of Qorvo in a research report on Wednesday, September 10th. Barclays upped their price objective on shares of Qorvo from $70.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. UBS Group set a $100.00 price objective on shares of Qorvo and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Mizuho set a $84.00 price objective on shares of Qorvo and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $95.35.

Qorvo Stock Up 1.2%

Shares of NASDAQ QRVO opened at $91.54 on Friday. The company has a 50 day simple moving average of $89.49 and a 200 day simple moving average of $79.88. The firm has a market cap of $8.48 billion, a PE ratio of 107.70, a price-to-earnings-growth ratio of 1.77 and a beta of 1.42. Qorvo, Inc. has a 1 year low of $49.46 and a 1 year high of $107.33. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.81 and a quick ratio of 2.01.

Qorvo (NASDAQ:QRVO - Get Free Report) last released its 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. The business had revenue of $818.80 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $0.87 EPS. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. On average, research analysts forecast that Qorvo, Inc. will post 4.09 EPS for the current year.

Insiders Place Their Bets

In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the completion of the sale, the senior vice president owned 54,558 shares of the company's stock, valued at approximately $5,183,010. This represents a 19.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company's stock.

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.

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