Swiss National Bank Has $12.60 Million Stock Holdings in Qorvo, Inc. $QRVO

Key Points

• The Swiss National Bank has reduced its holdings in Qorvo, Inc. by 35%, now owning approximately $12.6 million worth of shares.
• Qorvo's stock recently saw a **trading drop** of 1.4%, with shares trading at $89.35, while the stock has had a one-year range between $49.46 and $117.90.
• Analysts have varied opinions on Qorvo, with price targets ranging from $95.00 to $125.00, reflecting a mix of ratings including buy, hold, and neutral.

Swiss National Bank decreased its stake in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 35.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 174,045 shares of the semiconductor company's stock after selling 93,900 shares during the period. Swiss National Bank owned approximately 0.19% of Qorvo worth $12,603,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of QRVO. Envestnet Asset Management Inc. increased its stake in Qorvo by 25.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 37,651 shares of the semiconductor company's stock valued at $2,633,000 after buying an additional 7,536 shares during the period. Raymond James Financial Inc. bought a new position in shares of Qorvo during the 4th quarter valued at about $1,327,000. Mariner LLC boosted its position in shares of Qorvo by 8.7% during 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. CANADA LIFE ASSURANCE Co boosted its position in shares of Qorvo by 107.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 134,809 shares of the semiconductor company's stock valued at $9,426,000 after purchasing an additional 69,823 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Qorvo by 22.9% during 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. Institutional investors and hedge funds own 88.57% of the company's stock.

Qorvo Stock Up 0.2%

Shares of QRVO stock traded up $0.2040 during trading on Tuesday, hitting $89.4540. 118,135 shares of the company were exchanged, compared to its average volume of 2,388,123. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.81. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 105.21, a P/E/G ratio of 1.74 and a beta of 1.35. The business's 50-day simple moving average is $85.53 and its 200 day simple moving average is $76.30. Qorvo, Inc. has a twelve month low of $49.46 and a twelve month high of $117.90.

Qorvo (NASDAQ:QRVO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.62 by $0.30. The business 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 firm's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.87 earnings per share. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. As a group, analysts forecast that Qorvo, Inc. will post 4.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on QRVO shares. UBS Group set a $100.00 price objective on shares of Qorvo and gave the company a "neutral" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group started coverage on shares of Qorvo in a research report on Thursday, July 10th. They set a "neutral" rating and a $90.00 price objective for the company. TD Cowen raised their price objective on shares of Qorvo from $80.00 to $95.00 and gave the company a "hold" rating in a research report on Wednesday, July 30th. Benchmark raised their price objective on shares of Qorvo from $95.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Piper Sandler raised their price objective on shares of Qorvo from $110.00 to $125.00 and gave the company an "overweight" rating in a research report 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $95.35.

Qorvo Company 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.