Invesco Ltd. Decreases Stake in Qorvo, Inc. $QRVO

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

Other hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. boosted its position 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 during the period. Vulcan Value Partners LLC boosted its position 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 during the period. Dimensional Fund Advisors LP boosted its position in shares of Qorvo by 22.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,419,698 shares of the semiconductor company's stock valued at $99,280,000 after purchasing an additional 264,167 shares during the period. Woodline Partners LP boosted its position in shares of Qorvo by 31.3% in the 4th quarter. Woodline Partners LP now owns 968,103 shares of the semiconductor company's stock valued at $67,699,000 after purchasing an additional 230,710 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Qorvo by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 888,814 shares of the semiconductor company's stock valued at $64,359,000 after purchasing an additional 57,838 shares during the period. Hedge funds and other institutional investors own 88.57% of the company's stock.

Qorvo Price Performance

Shares of Qorvo stock traded down $0.83 during trading on Monday, reaching $92.12. The company's stock had a trading volume of 934,725 shares, compared to its average volume of 1,984,301. 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 12-month low of $49.46 and a 12-month high of $117.90. The company has a market capitalization of $8.53 billion, a P/E ratio of 108.38, a price-to-earnings-growth ratio of 1.81 and a beta of 1.35. The business has a 50 day moving average price of $86.43 and a 200-day moving average price of $76.65.

Qorvo (NASDAQ:QRVO - Get Free Report) last posted 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 firm had revenue of $818.80 million for the quarter, compared to the consensus estimate of $775.61 million. During the same period in the previous year, the business earned $0.87 earnings per share. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. As a group, sell-side analysts anticipate that Qorvo, Inc. will post 4.09 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on QRVO. Wall Street Zen raised Qorvo from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Needham & Company LLC upped their target price on Qorvo from $90.00 to $104.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Loop Capital upped their target price on Qorvo from $75.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, July 30th. Barclays upped their target price on Qorvo from $70.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Piper Sandler increased their price objective on Qorvo from $110.00 to $125.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Five research 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $95.35.

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.