Qorvo, Inc. $QRVO Stake Lessened by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its position in Qorvo, Inc. by 12.7%, now holding approximately 0.47% of the company's shares, valued at around $31.5 million.
• Several large investors significantly increased their holdings in Qorvo during the fourth quarter, with Ameriprise Financial Inc. raising its position by 102%.
• Analyst reports indicate mixed sentiment with a majority holding rating; the average price target for Qorvo shares has been set at $95.35.

Invesco Ltd. reduced its position in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 12.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 435,564 shares of the semiconductor company's stock after selling 63,252 shares during the period. Invesco Ltd. owned approximately 0.47% of Qorvo worth $31,539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in shares of Qorvo by 102.0% in the 4th quarter. Ameriprise Financial Inc. now owns 3,597,546 shares of the semiconductor company's stock valued at $251,577,000 after purchasing an additional 1,816,811 shares in the last quarter. Vulcan Value Partners LLC raised its stake in shares of Qorvo by 53.7% in the 4th quarter. Vulcan Value Partners LLC now owns 2,581,296 shares of the semiconductor company's stock valued at $180,487,000 after purchasing an additional 902,353 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Qorvo in the 4th quarter valued at about $29,650,000. LSV Asset Management raised its stake in shares of Qorvo by 114.4% in the 1st quarter. LSV Asset Management now owns 634,381 shares of the semiconductor company's stock valued at $45,936,000 after purchasing an additional 338,521 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Qorvo by 484.4% in the 1st quarter. Victory Capital Management Inc. now owns 336,846 shares of the semiconductor company's stock valued at $24,391,000 after purchasing an additional 279,211 shares in the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

Qorvo Stock Performance

NASDAQ QRVO traded up $3.88 on Friday, hitting $92.95. The stock had a trading volume of 1,870,274 shares, compared to its average volume of 1,984,179. Qorvo, Inc. has a one year low of $49.46 and a one year high of $117.90. The company has a quick ratio of 2.01, a current ratio of 2.81 and a debt-to-equity ratio of 0.45. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 109.35, a P/E/G ratio of 1.74 and a beta of 1.35. The company's 50-day moving average is $86.21 and its two-hundred day moving average is $76.60.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on QRVO. Wall Street Zen upgraded shares of Qorvo from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Craig Hallum restated a "buy" rating on shares of Qorvo in a research note on Wednesday, July 30th. Susquehanna restated a "neutral" rating and issued a $95.00 target price (up previously from $90.00) on shares of Qorvo in a research note on Wednesday, July 30th. Mizuho set a $84.00 price objective on shares of Qorvo and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Finally, Stifel Nicolaus set a $88.00 price objective on shares of Qorvo and gave the stock 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $95.35.

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.