Russell Investments Group Ltd. Acquires 60,212 Shares of Qorvo, Inc. $QRVO

Key Points

• Russell Investments increased its stake in Qorvo by 17.6%, buying 60,212 shares to hold 402,604 shares (about 0.44% of the company) valued at roughly $36.67 million at quarter end.
• Qorvo beat the quarter’s estimates — EPS $2.17 vs. $1.93 and revenue $993M vs. $984.1M — with revenue up 8.4% year-over-year and Q4 2026 guidance of $1.05–$1.35 EPS.
• Analyst sentiment is mostly cautious: two Buys and eighteen Holds produce a consensus target of $93.88, and several firms recently trimmed price targets (e.g., TD Cowen to $80, Mizuho to $70).

Russell Investments Group Ltd. lifted its holdings in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 17.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 402,604 shares of the semiconductor company's stock after acquiring an additional 60,212 shares during the quarter. Russell Investments Group Ltd. owned 0.44% of Qorvo worth $36,668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Qorvo during the 2nd quarter valued at $25,000. Nisa Investment Advisors LLC bought a new stake in shares of Qorvo during the 3rd quarter worth $25,000. Winnow Wealth LLC purchased a new position in shares of Qorvo in the 3rd quarter worth about $27,000. Salomon & Ludwin LLC bought a new position in Qorvo during the third quarter valued at about $34,000. Finally, True Wealth Design LLC grew its position in Qorvo by 560.3% during the third quarter. True Wealth Design LLC now owns 416 shares of the semiconductor company's stock valued at $38,000 after buying an additional 353 shares during the period. Hedge funds and other institutional investors own 88.57% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on QRVO. TD Cowen lowered their price objective on shares of Qorvo from $95.00 to $80.00 and set a "hold" rating on the stock in a research report on Wednesday, January 28th. Susquehanna lowered their price target on shares of Qorvo from $95.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, January 22nd. Weiss Ratings upgraded Qorvo from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, January 29th. Benchmark reiterated a "hold" rating on shares of Qorvo in a research note on Wednesday, January 28th. Finally, Mizuho lowered their price objective on Qorvo from $85.00 to $70.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating and eighteen have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $93.88.

Qorvo Price Performance

Shares of NASDAQ QRVO opened at $78.63 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.89 and a current ratio of 3.67. Qorvo, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $106.30. The stock has a market cap of $7.29 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.35 and a beta of 1.35. The stock has a fifty day moving average of $81.77 and a 200-day moving average of $86.45.

Qorvo (NASDAQ:QRVO - Get Free Report) last issued its earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.93 by $0.24. The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $984.10 million. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The firm's revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.61 EPS. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities research analysts anticipate that Qorvo, Inc. will post 4.09 earnings per share for the current year.

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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