Ameritas Advisory Services LLC Buys New Shares in Qorvo, Inc. $QRVO

Ameritas Advisory Services LLC bought a new stake in shares of Qorvo, Inc. (NASDAQ:QRVO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 509 shares of the semiconductor company’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds also recently modified their holdings of QRVO. Banque Transatlantique SA acquired a new stake in shares of Qorvo during the 1st quarter valued at $27,000. Larson Financial Group LLC lifted its holdings in shares of Qorvo by 222.6% during the first quarter. Larson Financial Group LLC now owns 429 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 296 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Qorvo during the first quarter valued at $34,000. MassMutual Private Wealth & Trust FSB lifted its stake in Qorvo by 166.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 303 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in Qorvo during the first quarter valued at about $47,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

Analyst Upgrades and Downgrades

QRVO has been the subject of a number of analyst reports. The Goldman Sachs Group began coverage on shares of Qorvo in a research note on Thursday, July 10th. They set a “neutral” rating and a $90.00 price objective for the company. Piper Sandler upped their price target on shares of Qorvo from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Craig Hallum restated a “buy” rating on shares of Qorvo in a report on Wednesday, July 30th. TD Cowen increased their target price on Qorvo from $80.00 to $95.00 and gave the company a “hold” rating in a report on Wednesday, July 30th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Qorvo in a research note on Wednesday, October 8th. Five equities research 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $95.35.

Qorvo Price Performance

Shares of NASDAQ:QRVO opened at $87.92 on Tuesday. Qorvo, Inc. has a 1 year low of $49.46 and a 1 year high of $107.33. The business has a fifty day simple moving average of $90.18 and a 200 day simple moving average of $80.80. 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 firm has a market cap of $8.15 billion, a price-to-earnings ratio of 103.44, a P/E/G ratio of 1.62 and a beta of 1.42.

Qorvo (NASDAQ:QRVO) last posted 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 return on equity of 12.63% and a net margin of 2.21%.The company had revenue of $818.80 million during the quarter, compared to the consensus estimate of $775.61 million. During the same period last year, the business earned $0.87 EPS. The business’s quarterly revenue was down 7.7% on a year-over-year basis. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. As a group, sell-side analysts predict that Qorvo, Inc. will post 4.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.