Public Employees Retirement System of Ohio Increases Stake in Qorvo, Inc. $QRVO

Public Employees Retirement System of Ohio lifted its stake in shares of Qorvo, Inc. (NASDAQ:QRVO) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,974 shares of the semiconductor company’s stock after acquiring an additional 203 shares during the period. Public Employees Retirement System of Ohio’s holdings in Qorvo were worth $2,630,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of QRVO. City Holding Co. acquired a new stake in Qorvo during the 1st quarter worth approximately $25,000. Banque Transatlantique SA acquired a new stake in Qorvo during the 1st quarter worth approximately $27,000. Larson Financial Group LLC increased its position in 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 purchasing an additional 296 shares in the last quarter. Curat Global LLC acquired a new stake in Qorvo during the 1st quarter worth approximately $34,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Qorvo during the 1st quarter worth approximately $34,000. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Qorvo

In other news, SVP Paul J. Fego sold 13,612 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $95.00, for a total transaction of $1,293,140.00. Following the completion of the sale, the senior vice president owned 54,558 shares of the company’s stock, valued at approximately $5,183,010. This trade represents a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

Qorvo Stock Down 0.7%

QRVO stock opened at $90.47 on Thursday. Qorvo, Inc. has a twelve month low of $49.46 and a twelve month high of $107.33. The company has a current ratio of 2.81, a quick ratio of 2.01 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $8.38 billion, a P/E ratio of 106.44, a PEG ratio of 1.78 and a beta of 1.42. The firm has a 50 day simple moving average of $89.38 and a 200-day simple moving average of $79.76.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.30. Qorvo had a net margin of 2.21% and a return on equity of 12.63%. The business had revenue of $818.80 million during the quarter, compared to the consensus estimate of $775.61 million. During the same quarter last year, the company earned $0.87 earnings per share. The business’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. On average, equities research analysts predict that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

QRVO has been the subject of a number of research analyst reports. Citigroup reissued a “sell” rating on shares of Qorvo in a research report on Wednesday, September 10th. Susquehanna reissued a “neutral” rating and set a $95.00 target price (up previously from $90.00) on shares of Qorvo in a research report on Wednesday, July 30th. TD Cowen increased their target price on shares of Qorvo from $80.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, July 30th. Loop Capital increased their price objective on shares of Qorvo from $75.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, July 30th. Finally, Mizuho set a $84.00 price objective on shares of Qorvo and gave the company a “neutral” rating in a research report on Tuesday, July 1st. Five research 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. Based on data from MarketBeat, Qorvo presently 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.