Caprock Group LLC Purchases Shares of 12,293 Qorvo, Inc. $QRVO

Caprock Group LLC acquired a new stake in Qorvo, Inc. (NASDAQ:QRVO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,293 shares of the semiconductor company’s stock, valued at approximately $1,115,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Jones Financial Companies Lllp increased its stake in shares of Qorvo by 440.1% during the first quarter. Jones Financial Companies Lllp now owns 8,134 shares of the semiconductor company’s stock worth $589,000 after purchasing an additional 6,628 shares during the period. CWM LLC grew its holdings in Qorvo by 30.9% in the 2nd quarter. CWM LLC now owns 2,012 shares of the semiconductor company’s stock valued at $171,000 after buying an additional 475 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Qorvo during the 2nd quarter worth $1,953,000. Chicago Partners Investment Group LLC increased its position in Qorvo by 7.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,808 shares of the semiconductor company’s stock worth $426,000 after buying an additional 342 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Qorvo by 5.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 10,377 shares of the semiconductor company’s stock worth $872,000 after buying an additional 541 shares in the last quarter. 88.57% of the stock is currently owned by institutional investors.

Qorvo Stock Up 1.9%

Qorvo stock opened at $84.44 on Monday. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.47 and a beta of 1.37. Qorvo, Inc. has a 52-week low of $49.46 and a 52-week high of $106.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.89 and a current ratio of 3.67. The firm has a 50 day moving average price of $83.68 and a two-hundred day moving average price of $87.27.

Qorvo (NASDAQ:QRVO) last issued its quarterly earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The firm had revenue of $993.00 million for the quarter, compared to analyst estimates of $984.10 million. During the same period in the previous year, the firm earned $1.61 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Equities analysts predict that Qorvo, Inc. will post 4.09 EPS for the current year.

Analyst Ratings Changes

QRVO has been the topic of a number of recent research reports. KeyCorp reaffirmed a “sector weight” rating on shares of Qorvo in a research report on Wednesday, January 28th. Stifel Nicolaus decreased their target price on shares of Qorvo from $88.00 to $85.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. Weiss Ratings upgraded shares of Qorvo from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, January 29th. Cfra reiterated a “hold” rating and issued a $122.00 price target on shares of Qorvo in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. raised Qorvo from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $92.00 to $105.00 in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Qorvo presently has a consensus rating of “Hold” and a consensus target price of $93.56.

About Qorvo

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.