Vontobel Holding Ltd. Cuts Stake in Qorvo, Inc. $QRVO

Key Points

• Vontobel Holding Ltd. reduced its stake in Qorvo, Inc. by 21.7% during Q2, owning 10,940 shares after selling 3,037 shares, with holdings valued at approximately $929,000.
• Qorvo's stock recently traded down 7.6% and has a market cap of $7.71 billion, with its earnings per share for the last quarter at $0.92, surpassing analysts' expectations.
• Analysts have mixed ratings on Qorvo, with a consensus price target of $95.35, reflecting a variety of ratings ranging from Buy to Sell by different research firms.

Vontobel Holding Ltd. trimmed its position in shares of Qorvo, Inc. (NASDAQ:QRVO - Free Report) by 21.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,940 shares of the semiconductor company's stock after selling 3,037 shares during the quarter. Vontobel Holding Ltd.'s holdings in Qorvo were worth $929,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of QRVO. Banque Transatlantique SA purchased a new stake in Qorvo during the 1st quarter valued at about $27,000. Larson Financial Group LLC boosted 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 valued at $31,000 after acquiring an additional 296 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Qorvo during the 1st quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Qorvo by 166.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 303 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Qorvo during the 2nd quarter valued at about $43,000. 88.57% of the stock is owned by hedge funds and other institutional investors.

Qorvo Trading Down 7.6%

Qorvo stock opened at $83.24 on Monday. The stock has a market cap of $7.71 billion, a P/E ratio of 97.93, a PEG ratio of 1.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.81 and a quick ratio of 2.01. Qorvo, Inc. has a 1 year low of $49.46 and a 1 year high of $107.33. The firm's 50 day moving average price is $90.13 and its 200-day moving average price is $80.68.

Qorvo (NASDAQ:QRVO - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $775.61 million. Qorvo had a net margin of 2.21% and a return on equity of 12.63%. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 earnings per share. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. On average, equities analysts predict that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Paul J. Fego sold 13,612 shares of the business's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total value of $1,293,140.00. Following the sale, the senior vice president owned 54,558 shares in the company, valued at approximately $5,183,010. The trade was a 19.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stifel Nicolaus set a $88.00 price target on shares of Qorvo and gave the company a "hold" rating in a report on Wednesday, July 30th. TD Cowen raised their price target on shares of Qorvo from $80.00 to $95.00 and gave the company a "hold" rating in a report on Wednesday, July 30th. Citigroup reiterated a "sell" rating on shares of Qorvo in a research note on Wednesday, September 10th. Barclays increased their price objective on shares of Qorvo from $70.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Needham & Company LLC increased their price objective on shares of Qorvo from $90.00 to $104.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, Qorvo currently has a consensus rating of "Hold" and a consensus price target 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.

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