Louisiana State Employees Retirement System Trims Holdings in Qorvo, Inc. $QRVO

Louisiana State Employees Retirement System lowered its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 47.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,800 shares of the semiconductor company’s stock after selling 20,800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Qorvo were worth $2,077,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QRVO. Norges Bank purchased a new stake in Qorvo in the 2nd quarter worth $153,994,000. Voya Investment Management LLC boosted its stake in shares of Qorvo by 19.0% in the first quarter. Voya Investment Management LLC now owns 18,725 shares of the semiconductor company’s stock worth $1,356,000 after acquiring an additional 2,990 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Qorvo during the second quarter worth about $2,758,000. Vinva Investment Management Ltd bought a new stake in Qorvo during the 2nd quarter valued at approximately $507,000. Finally, F&V Capital Management LLC lifted its holdings in Qorvo by 69.0% in the 2nd quarter. F&V Capital Management LLC now owns 157,062 shares of the semiconductor company’s stock worth $13,336,000 after purchasing an additional 64,114 shares in the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on QRVO. Morgan Stanley set a $110.00 price objective on shares of Qorvo and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Qorvo in a research note on Monday, December 29th. JPMorgan Chase & Co. upgraded shares of Qorvo from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $92.00 to $105.00 in a research note on Tuesday, November 4th. UBS Group increased their price objective on shares of Qorvo from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, Piper Sandler lowered Qorvo from an “overweight” rating to a “hold” rating and set a $110.00 price objective for the company. in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $101.47.

Qorvo Stock Performance

Shares of NASDAQ:QRVO opened at $81.78 on Friday. The firm has a fifty day simple moving average of $86.01 and a two-hundred day simple moving average of $88.20. Qorvo, Inc. has a 52 week low of $49.46 and a 52 week high of $106.30. The company has a quick ratio of 2.20, a current ratio of 2.95 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $7.56 billion, a P/E ratio of 35.40, a PEG ratio of 1.48 and a beta of 1.36.

Qorvo (NASDAQ:QRVO) last announced its quarterly earnings results 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 net margin of 5.95% and a return on equity of 13.30%. The firm had revenue of $1.06 billion during the quarter. During the same period in the previous year, the business posted $1.88 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. 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 fiscal year.

Qorvo Company 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.