Qorvo, Inc. $QRVO Position Decreased by IFP Advisors Inc

IFP Advisors Inc decreased its holdings in shares of Qorvo, Inc. (NASDAQ:QRVO) by 57.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,390 shares of the semiconductor company’s stock after selling 1,896 shares during the period. IFP Advisors Inc’s holdings in Qorvo were worth $118,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Qorvo by 10.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,561 shares of the semiconductor company’s stock valued at $547,000 after purchasing an additional 717 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Qorvo by 19.0% during the 1st quarter. Voya Investment Management LLC now owns 18,725 shares of the semiconductor company’s stock valued at $1,356,000 after purchasing an additional 2,990 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Qorvo during the 1st quarter valued at about $963,000. Allspring Global Investments Holdings LLC boosted its position in shares of Qorvo by 36.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,576 shares of the semiconductor company’s stock valued at $2,786,000 after purchasing an additional 10,209 shares in the last quarter. Finally, F&V Capital Management LLC boosted its position in shares of Qorvo by 69.0% during the 2nd quarter. F&V Capital Management LLC now owns 157,062 shares of the semiconductor company’s stock valued at $13,336,000 after purchasing an additional 64,114 shares in the last quarter. Institutional investors own 88.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Qorvo from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Loop Capital upped their price objective on shares of Qorvo from $75.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, July 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Qorvo in a research note on Wednesday, October 8th. Needham & Company LLC upped 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, Barclays upped 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. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $95.35.

Qorvo Price Performance

NASDAQ QRVO opened at $92.13 on Friday. The company has a 50 day simple moving average of $90.52 and a 200-day simple moving average of $81.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.81 and a quick ratio of 2.01. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 108.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. Qorvo, Inc. has a 52-week low of $49.46 and a 52-week high of $105.39.

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, topping analysts’ consensus estimates of $0.62 by $0.30. The business had revenue of $818.80 million during the quarter, compared to analyst estimates of $775.61 million. Qorvo had a net margin of 2.21% and a return on equity of 12.63%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. Qorvo has set its Q2 2026 guidance at 1.750-2.250 EPS. Equities research 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 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.