Wolverine Asset Management LLC Invests $1.13 Million in Qorvo, Inc. $QRVO

Key Points

• Wolverine Asset Management initiated a new Q4 position in Qorvo, buying 13,400 shares worth about $1.13 million.
• Q4 beat and raised guidance: Qorvo reported non‑GAAP EPS of $1.69 (vs. $1.21 est.) and $808.3M revenue, and management set FY‑2027 EPS guidance at $7.00, fueling near‑term bullishness.
• But risks persist: Revenue fell ~7% YoY, inventories rose, GAAP EPS was just $0.32 versus stronger non‑GAAP metrics, and analysts maintain a consensus "Hold" with a $93.94 price target.

Wolverine Asset Management LLC acquired a new position in Qorvo, Inc. (NASDAQ:QRVO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,400 shares of the semiconductor company's stock, valued at approximately $1,132,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lecap Asset Management Ltd. purchased a new position in shares of Qorvo in the 3rd quarter worth approximately $2,689,000. Optimize Financial Inc purchased a new position in shares of Qorvo in the 3rd quarter worth approximately $1,349,000. JPMorgan Chase & Co. grew its stake in Qorvo by 58.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 313,156 shares of the semiconductor company's stock worth $28,522,000 after buying an additional 115,890 shares during the last quarter. Jain Global LLC grew its stake in Qorvo by 71.6% during the 3rd quarter. Jain Global LLC now owns 277,219 shares of the semiconductor company's stock worth $25,249,000 after buying an additional 115,640 shares during the last quarter. Finally, Seizert Capital Partners LLC purchased a new position in Qorvo during the 3rd quarter worth $2,092,000. Hedge funds and other institutional investors own 88.57% of the company's stock.

Qorvo Stock Up 4.1%

NASDAQ:QRVO opened at $96.35 on Wednesday. The company has a current ratio of 3.67, a quick ratio of 2.89 and a debt-to-equity ratio of 0.42. The company's 50 day moving average is $81.03 and its two-hundred day moving average is $83.95. The company has a market cap of $8.93 billion, a PE ratio of 26.54, a P/E/G ratio of 1.46 and a beta of 1.42. Qorvo, Inc. has a twelve month low of $69.03 and a twelve month high of $106.30.

Qorvo (NASDAQ:QRVO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.48. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The business had revenue of $808.30 million for the quarter, compared to analyst estimates of $801.31 million. During the same period in the prior year, the company earned $1.42 earnings per share. The company's revenue was down 7.0% on a year-over-year basis. Qorvo has set its FY 2027 guidance at 7.000-7.000 EPS. Analysts anticipate that Qorvo, Inc. will post 5.29 EPS for the current year.

Key Qorvo News

Here are the key news stories impacting Qorvo this week:

• Positive Sentiment: Q4 beat: Qorvo reported non‑GAAP EPS of $1.69 vs. consensus ~$1.21 and revenue of $808.3M vs. ~$801M — an earnings surprise of ~40% and a modest revenue beat. This drove near‑term bullish trading. Qorvo (QRVO) Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Raised FY‑2027 guidance: Management set FY‑2027 EPS at $7.00 (midpoint = $7.00), above the Street consensus (~$6.53), which supports a re‑rating of the stock if execution continues. Qorvo® Announces Fiscal 2026 Fourth Quarter Financial Results
• Neutral Sentiment: GAAP vs. non‑GAAP mix: GAAP EPS was $0.32 while non‑GAAP metrics (gross margin 52.6%, operating income $190.2M) look stronger — investors should watch whether the non‑GAAP performance is sustainable. Qorvo® Announces Fiscal 2026 Fourth Quarter Financial Results
• Neutral Sentiment: Recent momentum and valuation scrutiny: QRVO has shown a short‑term rally, prompting analysts and investors to recheck valuation vs. the stock’s longer‑term performance. That momentum can amplify moves but raises expectations. Qorvo (QRVO) Valuation Check After Recent Share Price Momentum
• Negative Sentiment: Revenue decline and inventory: Revenue was down ~7% year‑over‑year and the company flagged higher inventories — a potential short‑term drag on margins and a warning sign for demand trends. Qorvo NASDAQ: QRVO Q1: Beats On Revenue But Inventory Levels Increase
• Negative Sentiment: Top‑line contraction vs. EPS beat: The EPS beat was largely driven by margin/non‑GAAP adjustments and cost control rather than top‑line growth, leaving the stock exposed if revenue trends don’t stabilize. Compared to Estimates, Qorvo (QRVO) Q4 Earnings: A Look at Key Metrics

Analyst Ratings Changes

Several research analysts recently weighed in on QRVO shares. Stifel Nicolaus dropped their target price on Qorvo from $88.00 to $85.00 and set a "hold" rating on the stock in a research note on Wednesday, January 28th. KeyCorp restated a "sector weight" rating on shares of Qorvo in a research note on Wednesday, January 28th. Citigroup dropped their target price on Qorvo from $105.00 to $90.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 28th. Susquehanna dropped their target price on Qorvo from $95.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, January 22nd. Finally, UBS Group reissued a "neutral" rating on shares of Qorvo in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $93.94.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.