Qorvo, Inc. $QRVO Shares Bought by Signaturefd LLC

Signaturefd LLC raised its position in Qorvo, Inc. (NASDAQ:QRVO) by 134.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,553 shares of the semiconductor company’s stock after acquiring an additional 891 shares during the quarter. Signaturefd LLC’s holdings in Qorvo were worth $132,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Qorvo by 10.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,561 shares of the semiconductor company’s stock valued at $547,000 after acquiring an additional 717 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Qorvo in the first quarter valued at approximately $963,000. Voya Investment Management LLC grew its position in Qorvo by 19.0% in the first quarter. Voya Investment Management LLC now owns 18,725 shares of the semiconductor company’s stock valued at $1,356,000 after acquiring an additional 2,990 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Qorvo by 36.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 38,576 shares of the semiconductor company’s stock valued at $2,786,000 after acquiring an additional 10,209 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Qorvo by 99.1% in the first quarter. GAMMA Investing LLC now owns 3,665 shares of the semiconductor company’s stock valued at $265,000 after acquiring an additional 1,824 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

Qorvo Stock Performance

QRVO stock opened at $93.48 on Friday. Qorvo, Inc. has a fifty-two week low of $49.46 and a fifty-two week 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 company has a market capitalization of $8.66 billion, a P/E ratio of 109.98, a PEG ratio of 1.79 and a beta of 1.42. The company has a 50-day simple moving average of $89.65 and a 200 day simple moving average of $80.03.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share for the quarter, beating 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 company had revenue of $818.80 million during the quarter, compared to the consensus estimate of $775.61 million. During the same period in the prior year, the company earned $0.87 EPS. Qorvo’s revenue was down 7.7% on a year-over-year basis. 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 fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on QRVO. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Qorvo in a research report on Saturday, September 27th. Citigroup reissued a “sell” rating on shares of Qorvo in a research report on Wednesday, September 10th. UBS Group set a $100.00 price target on shares of Qorvo and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group began coverage on shares of Qorvo in a research note on Thursday, July 10th. They issued a “neutral” rating and a $90.00 price target for the company. Finally, Piper Sandler lifted their price target on shares of Qorvo from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $95.35.

Insider Transactions at Qorvo

In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $95.00, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

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.