Arrowstreet Capital Limited Partnership Has $39.69 Million Stock Position in Qorvo, Inc. $QRVO

Arrowstreet Capital Limited Partnership cut its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 21.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,421 shares of the semiconductor company’s stock after selling 124,577 shares during the period. Arrowstreet Capital Limited Partnership owned 0.50% of Qorvo worth $39,689,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in QRVO. Banque Transatlantique SA bought a new position in Qorvo during the first quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its stake 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 valued at $41,000 after purchasing an additional 303 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Qorvo during the second quarter worth $43,000. Parkside Financial Bank & Trust raised its holdings in Qorvo by 214.1% during the second quarter. Parkside Financial Bank & Trust now owns 644 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 439 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Qorvo in the first quarter worth about $47,000. Institutional investors own 88.57% of the company’s stock.

Qorvo Trading Up 1.1%

QRVO stock opened at $89.96 on Friday. The business has a fifty day moving average price of $88.76 and a 200 day moving average price of $86.87. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 38.94, a P/E/G ratio of 1.61 and a beta of 1.37. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.95 and a quick ratio of 2.20. Qorvo, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $106.30.

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

Insider Buying and Selling

In other Qorvo news, SVP Paul J. Fego sold 13,612 shares of the 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 sale, the senior vice president directly owned 54,558 shares in the company, valued at approximately $5,183,010. This trade represents a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on QRVO shares. Argus raised Qorvo to a “hold” rating in a report on Wednesday, November 5th. UBS Group upped their price objective on shares of Qorvo from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Qorvo in a report on Monday. Cfra Research upgraded Qorvo to a “hold” rating in a research note on Tuesday, October 28th. Finally, Cfra reaffirmed a “hold” rating and issued a $122.00 target price on shares of Qorvo in a report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $102.00.

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.