Korea Investment CORP Has $321,000 Stake in Qorvo, Inc. $QRVO

Key Points

• Korea Investment CORP significantly reduced its stake in Qorvo, Inc. by 95.1%, leaving it with a $321,000 position after selling over 85,000 shares.
• Qorvo recently reported quarterly earnings of $0.92 EPS, exceeding analysts' expectations, but experienced a 7.7% revenue decline compared to the same quarter last year.
• Institutional investors hold 88.57% of Qorvo's shares, indicating high institutional interest in the semiconductor company's stock.

Korea Investment CORP trimmed its position in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 95.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,429 shares of the semiconductor company's stock after selling 85,308 shares during the period. Korea Investment CORP's holdings in Qorvo were worth $321,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in QRVO. Envestnet Asset Management Inc. boosted its position in shares of Qorvo by 25.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 37,651 shares of the semiconductor company's stock worth $2,633,000 after acquiring an additional 7,536 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Qorvo in the 4th quarter valued at $1,327,000. Mariner LLC boosted its holdings in shares of Qorvo by 8.7% in the 4th quarter. Mariner LLC now owns 16,296 shares of the semiconductor company's stock valued at $1,140,000 after purchasing an additional 1,298 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Qorvo by 206.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 22,550 shares of the semiconductor company's stock valued at $1,577,000 after purchasing an additional 15,184 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company's stock.

Qorvo Price Performance

Shares of NASDAQ:QRVO opened at $92.95 on Friday. The firm has a market cap of $8.61 billion, a PE ratio of 109.35, a price-to-earnings-growth ratio of 1.81 and a beta of 1.35. The firm's fifty day moving average is $86.21 and its 200-day moving average is $76.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.81. Qorvo, Inc. has a 52 week low of $49.46 and a 52 week high of $117.90.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on QRVO. Mizuho set a $84.00 price objective on Qorvo and gave the company a "neutral" rating in a research note on Tuesday, July 1st. The Goldman Sachs Group began coverage on shares of Qorvo in a research note on Thursday, July 10th. They issued a "neutral" rating and a $90.00 price target on the stock. Piper Sandler raised their price target on shares of Qorvo from $110.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Craig Hallum restated a "buy" rating on shares of Qorvo in a research report on Wednesday, July 30th. Finally, Needham & Company LLC raised their target price on shares of Qorvo from $90.00 to $104.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Qorvo presently has a consensus 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.

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