Nissay Asset Management Corp Japan ADV Has $1.59 Million Holdings in Qorvo, Inc. $QRVO

Key Points

• Nissay Asset Management Corp Japan ADV decreased its holdings in Qorvo, Inc. by 32.0%, now owning 21,992 shares valued at approximately $1.59 million.
• Several institutional investors, including Jericho Capital and Contour Asset Management, have recently increased their positions in Qorvo, reflecting a strong institutional interest with 88.57% of shares owned by such investors.
• Analysts have mixed ratings for Qorvo, with a consensus target price of $95.35, while recent earnings results exceeded expectations with $0.92 earnings per share and revenue of $818.80 million.

Nissay Asset Management Corp Japan ADV trimmed its stake in Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 32.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,992 shares of the semiconductor company's stock after selling 10,352 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Qorvo were worth $1,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Qorvo by 10.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,561 shares of the semiconductor company's stock worth $547,000 after purchasing an additional 717 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Qorvo during the 1st quarter worth about $963,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Qorvo by 36.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,576 shares of the semiconductor company's stock worth $2,786,000 after acquiring an additional 10,209 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Qorvo by 22.3% during the 4th quarter. Cetera Investment Advisers now owns 10,364 shares of the semiconductor company's stock worth $725,000 after acquiring an additional 1,892 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Qorvo by 99.1% during the 1st quarter. GAMMA Investing LLC now owns 3,665 shares of the semiconductor company's stock worth $265,000 after acquiring an additional 1,824 shares during the period. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Qorvo Trading Down 1.0%

Shares of NASDAQ:QRVO traded down $0.86 during trading on Friday, hitting $86.81. 2,045,327 shares of the company's stock were exchanged, compared to its average volume of 1,473,118. Qorvo, Inc. has a 1-year low of $49.46 and a 1-year high of $108.44. The firm has a 50-day moving average price of $88.64 and a two-hundred day moving average price of $78.01. The company has a current ratio of 2.81, a quick ratio of 2.01 and a debt-to-equity ratio of 0.45. The firm has a market cap of $8.04 billion, a P/E ratio of 102.13, a PEG ratio of 1.71 and a beta of 1.39.

Qorvo (NASDAQ:QRVO - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $818.80 million during the quarter, compared to analysts' expectations 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 company earned $0.87 earnings per share. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Equities analysts predict that Qorvo, Inc. will post 4.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Benchmark raised their price objective on shares of Qorvo from $95.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Needham & Company LLC raised their price objective on shares of Qorvo from $90.00 to $104.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Citigroup reaffirmed a "sell" rating on shares of Qorvo in a report on Wednesday. UBS Group set a $100.00 price objective on shares of Qorvo and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, Mizuho set a $84.00 price objective on shares of Qorvo and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Qorvo presently has an average rating of "Hold" and a consensus price target 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.