Perbak Capital Partners LLP Invests $353,000 in Qorvo, Inc. $QRVO

Key Points

• Perbak Capital Partners LLP has invested approximately $353,000 in Qorvo, Inc. during the 1st quarter, acquiring 4,869 shares of the semiconductor company's stock.
• Several other institutional investors, including Ameriprise Financial Inc. and Contour Asset Management LLC, have also significantly increased their holdings in Qorvo, indicating strong institutional interest.
• Qorvo has received mixed ratings from analysts, with five analysts giving it a "Buy" rating, but the consensus rating being "Hold" with a price target of $95.35.

Perbak Capital Partners LLP acquired a new position in Qorvo, Inc. (NASDAQ:QRVO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,869 shares of the semiconductor company's stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in shares of Qorvo by 102.0% in the fourth quarter. Ameriprise Financial Inc. now owns 3,597,546 shares of the semiconductor company's stock worth $251,577,000 after buying an additional 1,816,811 shares during the last quarter. Contour Asset Management LLC acquired a new stake in shares of Qorvo in the first quarter worth $151,698,000. Woodline Partners LP lifted its stake in shares of Qorvo by 31.3% in the fourth quarter. Woodline Partners LP now owns 968,103 shares of the semiconductor company's stock worth $67,699,000 after buying an additional 230,710 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Qorvo by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 888,814 shares of the semiconductor company's stock worth $64,359,000 after buying an additional 57,838 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Qorvo by 20.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 682,076 shares of the semiconductor company's stock worth $47,698,000 after buying an additional 117,053 shares during the last quarter. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Qorvo Stock Performance

Qorvo stock traded up $0.69 on Friday, hitting $92.89. The company's stock had a trading volume of 973,373 shares, compared to its average volume of 2,321,178. The firm has a market cap of $8.61 billion, a P/E ratio of 109.28, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. 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 company has a fifty day moving average price of $88.07 and a 200-day moving average price of $77.46. Qorvo, Inc. has a one year low of $49.46 and a one year high of $108.44.

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 the consensus estimate of $0.62 by $0.30. The firm 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%. The business's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS. 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.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on QRVO. Loop Capital boosted their price objective on shares of Qorvo from $75.00 to $90.00 and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded shares of Qorvo from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. The Goldman Sachs Group initiated coverage on shares of Qorvo in a research note on Thursday, July 10th. They set a "neutral" rating and a $90.00 target price for the company. TD Cowen upped their target price on shares of Qorvo from $80.00 to $95.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. Finally, UBS Group set a $100.00 target price on shares of Qorvo and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.