Diversified Trust Co Makes New Investment in Qorvo, Inc. $QRVO

Diversified Trust Co purchased a new stake in shares of Qorvo, Inc. (NASDAQ:QRVO) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,575 shares of the semiconductor company’s stock, valued at approximately $690,000.

A number of other hedge funds have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Qorvo during the second quarter worth about $25,000. Banque Transatlantique SA purchased a new position in Qorvo during the 1st quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Qorvo by 166.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 485 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 303 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Qorvo during the second quarter worth $43,000. Finally, Parkside Financial Bank & Trust lifted its position 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 purchasing an additional 439 shares during the period. 88.57% of the stock is owned by institutional investors and hedge funds.

Qorvo Stock Performance

Shares of QRVO stock opened at $86.27 on Friday. The company has a market capitalization of $7.97 billion, a P/E ratio of 37.35, a P/E/G ratio of 1.53 and a beta of 1.37. The business’s 50 day moving average is $87.10 and its two-hundred day moving average is $88.01. The company has a current ratio of 2.95, a quick ratio of 2.20 and a debt-to-equity ratio of 0.44. Qorvo, Inc. has a 12-month low of $49.46 and a 12-month high of $106.30.

Qorvo (NASDAQ:QRVO) last posted 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. The business had revenue of $1.06 billion during the quarter. Qorvo had a return on equity of 13.30% and a net margin of 5.95%.The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.88 earnings per share. 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.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on QRVO shares. Mizuho raised Qorvo from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $75.00 to $93.00 in a research report on Tuesday, November 11th. Cfra restated a “hold” rating and issued a $122.00 target price on shares of Qorvo in a research note on Tuesday, October 28th. Citigroup upgraded Qorvo from a “sell” rating to a “neutral” rating and lifted their price target for the company from $70.00 to $105.00 in a research report on Tuesday, October 28th. UBS Group boosted their price target on Qorvo from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Qorvo in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $102.00.

Qorvo Profile

Qorvo, Inc is a leading provider of advanced radio-frequency (RF), analog and mixed-signal semiconductor solutions. The company designs, develops and manufactures a broad portfolio of components and modules that enable wireless and wired connectivity across mobile devices, network infrastructure, defense systems and Internet of Things (IoT) applications.

Qorvo’s product offerings include RF filters, power amplifiers, switches, integrated front-end modules and other custom mixed-signal devices.