Janney Montgomery Scott LLC Buys 4,157 Shares of Qorvo, Inc. $QRVO

Key Points

• Janney Montgomery Scott LLC increased its stake in Qorvo, Inc. by 61.6%, purchasing an additional 4,157 shares, bringing their total holdings to 10,901 shares valued at approximately $926,000.
• Qorvo's stock received mixed ratings from analysts, with price targets ranging from $70.00 to $125.00, and a consensus rating of "Hold" with an average target price of $95.35.
• The semiconductor company reported a quarterly earnings per share (EPS) of $0.92, significantly exceeding the estimates of $0.62, despite a 7.7% decline in revenue compared to the previous year.

Janney Montgomery Scott LLC raised its stake in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 61.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,901 shares of the semiconductor company's stock after purchasing an additional 4,157 shares during the quarter. Janney Montgomery Scott LLC's holdings in Qorvo were worth $926,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Transatlantique SA bought a new position in shares of Qorvo in the first quarter valued at approximately $27,000. Larson Financial Group LLC grew its holdings 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Qorvo in the first quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Qorvo by 166.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 303 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in shares of Qorvo in the first quarter valued at approximately $47,000. 88.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

QRVO has been the subject of several research reports. Mizuho set a $84.00 price objective on Qorvo and gave the company a "neutral" rating in a report on Tuesday, July 1st. TD Cowen increased their price objective on Qorvo from $80.00 to $95.00 and gave the company a "hold" rating in a report on Wednesday, July 30th. Citigroup reissued a "sell" rating on shares of Qorvo in a report on Wednesday, September 10th. Piper Sandler increased their price objective on Qorvo from $110.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Finally, 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. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $95.35.

Qorvo Stock Down 0.1%

Shares of NASDAQ:QRVO opened at $87.87 on Wednesday. The stock's 50-day moving average price is $90.24 and its 200-day moving average price is $80.85. Qorvo, Inc. has a 12-month low of $49.46 and a 12-month high of $107.33. The stock has a market capitalization of $8.14 billion, a P/E ratio of 103.38, a price-to-earnings-growth ratio of 1.72 and a beta of 1.42. The company has a current ratio of 2.81, a quick ratio of 2.01 and a debt-to-equity ratio of 0.45.

Qorvo (NASDAQ:QRVO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share (EPS) 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 company had revenue of $818.80 million for the quarter, compared to the consensus estimate of $775.61 million. During the same quarter in the previous year, the business earned $0.87 EPS. Qorvo's revenue was down 7.7% compared to the same quarter last year. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. On average, equities analysts anticipate that Qorvo, Inc. will post 4.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Paul J. Fego sold 13,612 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total value of $1,293,140.00. Following the completion of the transaction, the senior vice president directly owned 54,558 shares in the company, valued at $5,183,010. The trade was a 19.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by insiders.

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.

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