Creative Planning Grows Holdings in Qorvo, Inc. $QRVO

Creative Planning grew its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,027 shares of the semiconductor company’s stock after purchasing an additional 1,369 shares during the period. Creative Planning’s holdings in Qorvo were worth $2,040,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Banque Transatlantique SA acquired a new stake in Qorvo during the first quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Qorvo by 166.5% during 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. Ameritas Advisory Services LLC acquired a new stake in shares of Qorvo during the second quarter worth $43,000. Parkside Financial Bank & Trust grew its position in shares of Qorvo by 214.1% in the second quarter. Parkside Financial Bank & Trust now owns 644 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 439 shares during the period. Finally, SVB Wealth LLC acquired a new position in Qorvo in the first quarter valued at $47,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on QRVO. Susquehanna restated a “neutral” rating and issued a $95.00 price target (up previously from $90.00) on shares of Qorvo in a report on Wednesday, July 30th. TD Cowen boosted their target price on shares of Qorvo from $80.00 to $95.00 and gave the company a “hold” rating in a report on Wednesday, July 30th. Argus raised shares of Qorvo to a “hold” rating in a research report on Wednesday, November 5th. Mizuho upgraded shares of Qorvo from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $93.00 in a report on Tuesday, November 11th. Finally, Benchmark upped their price objective on Qorvo from $95.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $102.00.

Qorvo Price Performance

QRVO opened at $84.45 on Wednesday. Qorvo, Inc. has a 52-week low of $49.46 and a 52-week high of $106.30. The company has a 50 day moving average of $89.56 and a two-hundred day moving average of $86.50. The company has a market cap of $7.80 billion, a P/E ratio of 36.56, a P/E/G ratio of 1.50 and a beta of 1.44. The company has a quick ratio of 2.20, a current ratio of 2.95 and a debt-to-equity ratio of 0.44.

Qorvo (NASDAQ:QRVO) last posted its earnings results on Monday, November 3rd. The semiconductor company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.19. Qorvo had a net margin of 5.95% and a return on equity of 13.30%. The business had revenue of $1.06 billion for the quarter. During the same quarter in the previous year, the firm posted $1.88 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. On average, analysts expect that Qorvo, Inc. will post 4.09 earnings per share for the current year.

Insider Buying and Selling at Qorvo

In other news, SVP Paul J. Fego sold 13,612 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was 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 of the company’s stock, valued at $5,183,010. This represents a 19.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by 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.