Qorvo, Inc. $QRVO Stock Holdings Increased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB raised its stake in Qorvo, Inc. (NASDAQ:QRVO) by 166.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 485 shares of the semiconductor company’s stock after acquiring an additional 303 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Qorvo were worth $41,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Jericho Capital Asset Management L.P. acquired a new stake in Qorvo in the first quarter worth approximately $168,980,000. Contour Asset Management LLC bought a new stake in Qorvo in the first quarter worth $151,698,000. Charles Schwab Investment Management Inc. boosted its holdings in Qorvo by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 888,814 shares of the semiconductor company’s stock valued at $64,359,000 after acquiring an additional 57,838 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Qorvo by 20.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 682,076 shares of the semiconductor company’s stock valued at $47,698,000 after buying an additional 117,053 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Qorvo by 114.4% during the first quarter. LSV Asset Management now owns 634,381 shares of the semiconductor company’s stock valued at $45,936,000 after buying an additional 338,521 shares during the last quarter. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Qorvo Stock Performance

NASDAQ QRVO opened at $91.81 on Friday. The company’s 50 day moving average is $88.63 and its 200-day moving average is $78.65. Qorvo, Inc. has a 12-month low of $49.46 and a 12-month high of $107.33. The company has a quick ratio of 2.01, a current ratio of 2.81 and a debt-to-equity ratio of 0.45. The firm has a market cap of $8.51 billion, a P/E ratio of 108.01, a price-to-earnings-growth ratio of 1.79 and a beta of 1.39.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results 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. Qorvo had a net margin of 2.21% and a return on equity of 12.63%. The company had revenue of $818.80 million for the quarter, compared to analyst estimates of $775.61 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Sell-side analysts predict that Qorvo, Inc. will post 4.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on QRVO. Stifel Nicolaus set a $88.00 price target on shares of Qorvo and gave the stock a “hold” rating in a research report on Wednesday, July 30th. Barclays raised their price objective on shares of Qorvo from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Citigroup reaffirmed a “sell” rating on shares of Qorvo in a research note on Wednesday, September 10th. Piper Sandler increased their price target on Qorvo from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Finally, TD Cowen lifted their price target on shares of Qorvo from $80.00 to $95.00 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 given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock 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.