Qorvo, Inc. $QRVO Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in Qorvo, Inc. by 68.0%, with holdings valued at approximately $2.42 million after selling 72,146 shares in the first quarter.
• Several analysts have issued ratings on Qorvo, with five analysts rating it as a Buy and a consensus rating of "Hold" from twenty investment analysts.
• Qorvo reported earnings of $0.92 EPS for the last quarter, exceeding expectations, and anticipates earnings of 1.750-2.250 EPS for Q2 2026.

Hsbc Holdings PLC decreased its stake in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 68.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,913 shares of the semiconductor company's stock after selling 72,146 shares during the quarter. Hsbc Holdings PLC's holdings in Qorvo were worth $2,415,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Qorvo by 10.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,561 shares of the semiconductor company's stock worth $547,000 after purchasing an additional 717 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Qorvo during the 1st quarter worth $963,000. Allspring Global Investments Holdings LLC lifted its position in shares of Qorvo by 36.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,576 shares of the semiconductor company's stock worth $2,786,000 after purchasing an additional 10,209 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Qorvo by 22.3% during the 4th quarter. Cetera Investment Advisers now owns 10,364 shares of the semiconductor company's stock worth $725,000 after purchasing an additional 1,892 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Qorvo by 99.1% during the 1st quarter. GAMMA Investing LLC now owns 3,665 shares of the semiconductor company's stock worth $265,000 after purchasing an additional 1,824 shares during the last quarter. Hedge funds and other institutional investors own 88.57% of the company's stock.

Qorvo Stock Performance

NASDAQ:QRVO traded down $0.36 during mid-day trading on Tuesday, reaching $90.34. 1,040,954 shares of the stock were exchanged, compared to its average volume of 1,394,952. The company has a 50 day simple moving average of $87.72 and a 200-day simple moving average of $77.25. The stock has a market capitalization of $8.37 billion, a P/E ratio of 106.28, a P/E/G ratio of 1.77 and a beta of 1.39. 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 1 year low of $49.46 and a 1 year high of $113.88.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.30. The firm had revenue of $818.80 million for 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 firm's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Analysts anticipate that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

QRVO has been the topic of a number of recent analyst reports. Barclays increased their price objective on Qorvo from $70.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Wall Street Zen upgraded Qorvo from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Susquehanna reiterated a "neutral" rating and issued a $95.00 price objective (up previously from $90.00) on shares of Qorvo in a report on Wednesday, July 30th. The Goldman Sachs Group initiated coverage on Qorvo in a report on Thursday, July 10th. They issued a "neutral" rating and a $90.00 price objective on the stock. Finally, Mizuho set a $84.00 price objective on Qorvo and gave the company a "neutral" rating in a report 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 MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $95.35.

About Qorvo

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.