HB Wealth Management LLC Purchases 190 Shares of Qorvo, Inc. $QRVO

HB Wealth Management LLC grew its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,955 shares of the semiconductor company’s stock after buying an additional 190 shares during the quarter. HB Wealth Management LLC’s holdings in Qorvo were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. City Holding Co. bought a new stake in shares of Qorvo in the 1st quarter worth approximately $25,000. Banque Transatlantique SA bought a new stake in shares of Qorvo in the 1st quarter worth approximately $27,000. Larson Financial Group LLC raised its holdings in shares of Qorvo by 222.6% in 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 during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Qorvo in the 1st quarter worth approximately $34,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Qorvo by 166.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 303 shares during the period. Institutional investors own 88.57% of the company’s stock.

Insider Transactions at Qorvo

In related news, SVP Paul J. Fego sold 13,612 shares of the company’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 completion of the transaction, the senior vice president directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on QRVO. Mizuho set a $84.00 price target on shares of Qorvo and gave the stock a “neutral” rating in a report on Tuesday, July 1st. Craig Hallum reiterated a “buy” rating on shares of Qorvo in a research note on Wednesday, July 30th. Citigroup reiterated a “sell” rating on shares of Qorvo in a research note on Wednesday, September 10th. Needham & Company LLC lifted their price objective on shares of Qorvo from $90.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen upgraded shares of Qorvo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $95.35.

Qorvo Stock Down 3.2%

Shares of NASDAQ:QRVO opened at $89.45 on Wednesday. Qorvo, Inc. has a 52-week low of $49.46 and a 52-week high of $107.33. The firm has a fifty day moving average of $89.91 and a 200 day moving average of $80.35. The firm has a market capitalization of $8.29 billion, a PE ratio of 105.24, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.01 and a current ratio of 2.81.

Qorvo (NASDAQ:QRVO) last announced its earnings results on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $775.61 million. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’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. As a group, research analysts anticipate that Qorvo, Inc. will post 4.09 EPS for the current fiscal year.

Qorvo 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.