United Services Automobile Association Invests $440,000 in Qorvo, Inc. $QRVO

Key Points

• United Services Automobile Association has purchased a new position in Qorvo, Inc. (NASDAQ:QRVO), acquiring 6,151 shares valued at approximately $440,000.
• Qorvo reported $0.92 EPS for the last quarter, exceeding analysts' expectations and having a revenue of $818.80 million, though this represents a 7.7% year-over-year decline.
• Institutional investors own 88.57% of Qorvo's stock, indicating significant institutional interest in the semiconductor company.

United Services Automobile Association bought a new position in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,151 shares of the semiconductor company's stock, valued at approximately $440,000.

Other hedge funds have also modified their holdings of the company. City Holding Co. purchased a new position in Qorvo in the 1st quarter valued at about $25,000. Banque Transatlantique SA acquired a new stake in shares of Qorvo during the 1st quarter worth approximately $27,000. Larson Financial Group LLC increased its holdings in shares of Qorvo by 222.6% during the 1st quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company's stock worth $31,000 after buying an additional 296 shares during the last quarter. Curat Global LLC acquired a new stake in shares of Qorvo during the 1st quarter worth approximately $34,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Qorvo in the 1st quarter valued at approximately $34,000. 88.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on QRVO. UBS Group set a $100.00 target price on shares of Qorvo and gave the company a "neutral" rating in a report on Wednesday, July 30th. Benchmark boosted their price target 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. The Goldman Sachs Group assumed coverage on shares of Qorvo in a research note on Thursday, July 10th. They set a "neutral" rating and a $90.00 price target on the stock. Piper Sandler boosted their price objective on shares of Qorvo from $110.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Loop Capital upped their price objective on shares of Qorvo from $75.00 to $90.00 and gave the company a "hold" 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 issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $95.35.

Qorvo Stock Performance

Shares of NASDAQ QRVO traded down $0.31 during midday trading on Tuesday, hitting $86.11. The company's stock had a trading volume of 278,001 shares, compared to its average volume of 2,306,790. Qorvo, Inc. has a 1-year low of $49.46 and a 1-year high of $107.33. The firm's fifty day moving average price is $88.63 and its 200-day moving average price is $78.18. 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 cap of $7.98 billion, a P/E ratio of 101.30, a P/E/G ratio of 1.69 and a beta of 1.39.

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, beating the consensus estimate of $0.62 by $0.30. The business had revenue of $818.80 million during 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 company's quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 EPS. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. On average, sell-side analysts forecast that Qorvo, Inc. will post 4.09 EPS for the current fiscal year.

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.