KLP Kapitalforvaltning AS Acquires 123,200 Shares of Qorvo, Inc. $QRVO

Key Points

• KLP Kapitalforvaltning AS bought 123,200 shares of Qorvo in Q4, increasing its stake 669.6% to 141,600 shares (about $11.97 million), roughly 0.15% of the company.
• Qorvo beat quarterly expectations with $2.17 EPS vs. $1.93 expected and $993 million in revenue (up 8.4% YoY), and set Q4 2026 EPS guidance of 1.050–1.350.
• Analysts' consensus is a "Hold" with a $93.94 price target; the stock has a $7.85 billion market cap and a 23.32 PE, and institutional investors own about 88.6%.

KLP Kapitalforvaltning AS grew its holdings in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 669.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,600 shares of the semiconductor company's stock after acquiring an additional 123,200 shares during the quarter. KLP Kapitalforvaltning AS owned 0.15% of Qorvo worth $11,967,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new stake in shares of Qorvo in the third quarter worth about $25,000. Winnow Wealth LLC bought a new position in shares of Qorvo during the third quarter worth about $27,000. Stance Capital LLC bought a new position in shares of Qorvo during the third quarter worth about $27,000. Sound Income Strategies LLC grew its holdings in shares of Qorvo by 952.8% during the fourth quarter. Sound Income Strategies LLC now owns 379 shares of the semiconductor company's stock worth $30,000 after buying an additional 343 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new position in shares of Qorvo during the third quarter worth about $34,000. 88.57% of the stock is currently owned by institutional investors.

Qorvo Stock Performance

Shares of NASDAQ QRVO opened at $84.65 on Friday. The stock has a 50 day moving average price of $80.34 and a 200 day moving average price of $84.01. Qorvo, Inc. has a 52 week low of $60.92 and a 52 week high of $106.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.89 and a current ratio of 3.67. The stock has a market capitalization of $7.85 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 1.34 and a beta of 1.34.

Qorvo (NASDAQ:QRVO - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The firm had revenue of $993.00 million during the quarter, compared to analysts' expectations of $984.10 million. During the same period in the prior year, the firm posted $1.61 earnings per share. The business's quarterly revenue was up 8.4% compared to the same quarter last year. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Analysts predict that Qorvo, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Morgan Stanley set a $84.00 price objective on Qorvo in a report on Wednesday, January 28th. Piper Sandler reiterated a "neutral" rating on shares of Qorvo in a report on Wednesday, January 28th. TD Cowen decreased their price objective on Qorvo from $95.00 to $80.00 and set a "hold" rating for the company in a report on Wednesday, January 28th. Stifel Nicolaus decreased their price objective on Qorvo from $88.00 to $85.00 and set a "hold" rating for the company in a report on Wednesday, January 28th. Finally, Zacks Research downgraded Qorvo from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $93.94.

About Qorvo

Qorvo, Inc is a leading provider of advanced radio-frequency (RF), analog and mixed-signal semiconductor solutions. The company designs, develops and manufactures a broad portfolio of components and modules that enable wireless and wired connectivity across mobile devices, network infrastructure, defense systems and Internet of Things (IoT) applications.

Qorvo's product offerings include RF filters, power amplifiers, switches, integrated front-end modules and other custom mixed-signal devices.

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