Stephens Inc. AR Has $569,000 Position in Qorvo, Inc. $QRVO

Stephens Inc. AR lowered its position in Qorvo, Inc. (NASDAQ:QRVO) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,703 shares of the semiconductor company’s stock after selling 278 shares during the quarter. Stephens Inc. AR’s holdings in Qorvo were worth $569,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Qorvo by 1.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the semiconductor company’s stock valued at $682,000 after acquiring an additional 118 shares during the last quarter. Signaturefd LLC lifted its stake in Qorvo by 34.6% in the first quarter. Signaturefd LLC now owns 662 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 170 shares during the last quarter. HB Wealth Management LLC lifted its stake in Qorvo by 6.9% in the second quarter. HB Wealth Management LLC now owns 2,955 shares of the semiconductor company’s stock valued at $251,000 after acquiring an additional 190 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Qorvo by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 30,974 shares of the semiconductor company’s stock valued at $2,630,000 after acquiring an additional 203 shares during the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in Qorvo by 0.7% in the second quarter. Maryland State Retirement & Pension System now owns 31,850 shares of the semiconductor company’s stock valued at $2,704,000 after acquiring an additional 232 shares during the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

Analyst Ratings Changes

QRVO has been the subject of a number of research reports. TD Cowen raised their target price on shares of Qorvo from $80.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded shares of Qorvo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Barclays raised their target price on shares of Qorvo from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Susquehanna restated a “neutral” rating and set a $95.00 target price (up previously from $90.00) on shares of Qorvo in a research note on Wednesday, July 30th. Finally, Craig Hallum restated a “buy” rating on shares of Qorvo in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Qorvo currently has an average rating of “Hold” and a consensus price target of $94.82.

Qorvo Price Performance

Shares of Qorvo stock opened at $90.71 on Friday. Qorvo, Inc. has a twelve month low of $49.46 and a twelve month high of $101.11. 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 50-day simple moving average of $90.78 and a two-hundred day simple moving average of $82.52. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 106.72, a price-to-earnings-growth ratio of 1.77 and a beta of 1.42.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings data on Tuesday, July 29th. The semiconductor company reported $0.92 earnings per share 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 business had revenue of $818.80 million during the quarter, compared to analysts’ expectations of $775.61 million. During the same quarter in the previous year, the company earned $0.87 EPS. The business’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. Analysts forecast that Qorvo, Inc. will post 4.09 EPS for the current year.

Insiders Place Their Bets

In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of Qorvo stock in a transaction dated 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 sale, the senior vice president owned 54,558 shares in the company, valued at $5,183,010. The trade was a 19.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by company insiders.

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.